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The retained earnings account

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

  1. Merge Retained Earnings.
  2. Change the type of Retained Earnings.
  3. Create sub accounts of Retained Earnings.
  4. Make Retained Earnings the sub account of another account.
  5. 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

 

 

 

 

 

 

 

For more information on Retained Earnings

 

  1. Viewing the Retained Earnings account.
  2. View a retained earnings example from QuickBooks.

 

 

KB ID# INF12328
5/3/2016 7:28:44 AM
QYPPRDQBKSWS02 9132 Pro 2016 6b50da