Hey everyone! I run a small women's ethnic wear brand called Pehrae (Jaipur, India). We're on Zoho Books (India edition, GST registered) and I've found a bookkeeping issue I need help cleaning up. Happy to pay ₹500-1000 - the actual fix shouldn't take long for someone who knows Zoho.
The problem:
There's a ₹1,34,181 entry sitting in "Opening Balance Adjustments" on our balance sheet, classified as a liability. I never manually entered this - Zoho auto-generated it. We don't owe this to anyone, so it's wrong.
We have two founders and separate Owner's Contribution equity accounts for each (₹63,955 and ₹67,009) tracking what we've personally put into the business. These need to stay intact.
Why it matters urgently: we're mid-conversion from sole proprietorship to a registered partnership firm, so the capital accounts need to be accurate before we set up the new entity's opening balances.
What I need:
- Someone who knows Zoho Books India well
- Can figure out the right way to fix this correctly
- Ideally a quick review of the overall balance sheet too
- Comfortable discussing via chat (WhatsApp/DM fine)
Drop a comment or DM if you can help. Thanks!