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Retained Earnings account

In QuickBooks, Retained Earnings is a very, very special account. You can rename the Retained Earnings account, but you cannot:

  • Merge Retained Earnings.
  • Change the type of Retained Earnings.
  • Create sub accounts of Retained Earnings.
  • Make Retained Earnings the sub account of another account.
  • Create another equity account and make it act like Retained Earnings (although the Rebuild Data utility can do that if necessary).
Entries to Retained Earnings
KB ID# INF12328
7/26/2016 10:41:56 PM
PPRDQSSWS400 9132 Pro 2016 3370bd