Can you please guide me on how to correct opening balances of system generated ledgers e.g. TDS Payable, Input IGST,etc?

Welcome to the Community, @ashvini-p-remuna.

In QuickBooks Online (QBO), you can correct the accounts' opening balances by editing them in the Account history. The steps to do it are pretty quick and easy.

Here's how:

1. In QBO, go to the Accounting menu at the left pane to get to the Chart of Accounts page.
2. Find the account and click Account history under the Action column.
3. Locate the opening balance entry. If you've got the Date column sorted from newest to oldest, the opening balance entry may be at the end of the list.
4. Choose the opening balance entry and edit the amount. If you can't edit the amount on the screen, you can click the Edit tab.
5. Hit Save to update the balance in the register.

To learn more about correcting opening balances in QBO, consider checking out this article: Edit an incorrect opening balance.

For tips and other resources, you may visit our website for reference: Self-help articles.

Reach out to me in the comment section below if you have any additional concerns. I'll be more than happy to answer them. Have a great day!