By Generally Accepted Accounting Principles, all revenue and expense accounts are zeroed out and the Net Income is transfered to the Retained Earnings’ account at the end of every fiscal year.
This means there is no opening balance (as it is really $0.00) on the first day of the fiscal year.

Resolution for 'Accepted issue: 'There is no opening balance for my income or expense account.' available: Yes.

The Accepted issue or error code is a known related to Sage Accounting products. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the Accepted issue yourself by looking for a resolution described in the article. If it is a complex Accepted issue or you are unable to solve the issue, you may contact Sage Repair by clicking here or by using other Accepted support options.

For more information about resolving issues related to Accepted in Sage Accounting or to get support for the issue 'There is no opening balance for my income or expense account.', click the link below: