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Tag Archives: Retained Earnings
How to Alert Users Who Try to Post Transactions to Retained Earnings in QuickBooks
Did you know that you can set a preference to warn users if they try to record a transaction to the Retained Earnings account? Click Edit > Preferences and select the Accounting preference on the left. Click the Company Preference … Continue reading
QuickBooks and the Open Balance Equity Account
Closing Opening Bal Equity into Retained Earnings In my book, QuickBooks 2010 Solutions Guide I devote an entire chapter to handling entries in the Opening Bal Equity account that should have a zero balance when a file is set up … Continue reading