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Retained Earnings account

An equity account that QuickBooks automatically adds to your chart of accounts when you set up a new company. QuickBooks uses this account to track profits from earlier periods that have not yet been distributed to owners. At the beginning of a new fiscal year, QuickBooks automatically transfers net income into your Retained Earnings account.

KB ID# H_COA_GL_RETAINED_EARNINGS_ACCOUNT
11/20/2017 10:58:06 AM
PPRDQSSWS901 9142 Pro 2018 59dc1b