Remove an Opening Balance

Remove an opening balance entry from an individual account in the Chart of Accounts.

If an opening balance was set incorrectly — either through the importer or during reconciliation — you can remove it from the Chart of Accounts.

1

Find the account

Go to Accounting → Chart of Accounts and find the account with the incorrect opening balance.

2

Remove the opening balance

Click the options menu (⋯) on the account and select Remove opening balance.

3

Confirm the removal

Confirm the removal in the dialog.

This permanently deletes the opening balance for that account. This action cannot be undone.

The Remove opening balance option only appears on accounts that have an opening balance entry.

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After removing

Removing an opening balance deletes both sides of the underlying journal entry — the balance on the account itself and the corresponding debit or credit on the offsetting account (e.g., Retained Earnings). If the account is linked to a connected financial account, its stored opening balance is also cleared.

To set a new opening balance, re-import via Accounting → Balance Sheet → Import balances, or complete a bank or credit card reconciliation.

→ Import Opening Balances

→ Journal Entries