The Retained Earnings account is an equity account that QuickBooks creates
when you start a new company. chart of accounts, earnings from previous years, equity, retained earnings from, fiscal year, retained earnings, Retained Earnings account, . QuickBooks uses this account to track profits
from earlier periods that have not yet been distributed to owners.
If necessary, you or your accountant can make manual postings to the
Retained Earnings account, however in most circumstances you should post to a
different equity account. chart of accounts, earnings from previous years, equity, retained earnings from, fiscal year, retained earnings, Retained Earnings account, . Retained
Earnings example.
Viewing the balance of the Retained Earnings account
Go to the Reports menu, choose Company
& Financial, and then click Balance Sheet
Standard. chart of accounts, earnings from previous years, equity, retained earnings from, fiscal year, retained earnings, Retained Earnings account, . The Retained Earnings Account appears in the Equity section of the
balance sheet.
or
Go to the Accountant menu and click Working
Trial Balance. chart of accounts, earnings from previous years, equity, retained earnings from, fiscal year, retained earnings, Retained Earnings account, . The Retained Earnings account appears in the list of accounts.
Viewing transactions in the Retained Earnings account
To see transactions posted to this account, go to the Company
menu and click Chart of Accounts. chart of accounts, earnings from previous years, equity, retained earnings from, fiscal year, retained earnings, Retained Earnings account, . On the Retained
Earnings entry at the bottom click QuickZoom. chart of accounts, earnings from previous years, equity, retained earnings from, fiscal year, retained earnings, Retained Earnings account, .
This displays a QuickReport with the transactions (manually or automatically
created) that have been posted to Retained Earnings.
Viewing transaction details for the Retained earnings account
To see debit, credit, and balance information for Retained Earnings
transactions, QuickZoom on the Retained Earnings entry in any report in which
it is included. chart of accounts, earnings from previous years, equity, retained earnings from, fiscal year, retained earnings, Retained Earnings account, . Examples include Balance Sheet Standard and Balance Sheet
Detail. chart of accounts, earnings from previous years, equity, retained earnings from, fiscal year, retained earnings, Retained Earnings account, . When you QuickZoom, QuickBooks displays Retained Earnings information
in the Transactions by Account report.
Viewing Retained Earnings information in the Working Trial Balance
window
The Working Trial Balance window displays the balance for Retained Earnings
at the beginning of the selected period, any automatic or manual postings in
the selected period, and the balance at the end of the selected period. chart of accounts, earnings from previous years, equity, retained earnings from, fiscal year, retained earnings, Retained Earnings account, . You can
change the selected period to further refine your view of this account.
See also