What do you mean by distributions? Member of an LLC Draw? No but it is helpful so that you know on a yearly basis what you have taken out of the business.
I closed the December books, and the NOI from the prior year has rolled up into the new year's retained earnings. But the prior year Distribution balance is still sitting in the Distribution account on 1/1/19. Am I supposed to close that out manually via JE?
I would have expected QBks to close that out to RE when I finalized December.