How to set an opening balance of a ledger?
A newly started business will not have any closing balances for the previous accounting year that has to be carried forward.
Instead, the investments and capital of the business will be entered as opening balance for the current accounting year.
In other words, the closing balance of your previous year accounting period will become the opening balance for the new year
You can set ledger opening balance in "Opening Balance" field when you create ledger (Go to Master > Ledger. Then click on "new" button