how will I close the year-end Retain Earnings/ Thnak you.

Hi, thanks for reaching out to the community. 

I understand that you want to know how to close retained earnings at the end of the year. QuickBooks automatically close retained earnings on the first day of the new year. Here is a link that will give further steps in closing out the books at the end of the year. Closing year end books 

Feel free to reach out again if you need further assistance. Have an amazing rest of afternoon!

Hi ofelia_laguit,

The QuickBooks Community welcomes you, and I'm sure you'll find a lot of support here. I can point you in the right direction.

The Retained Earnings come from all previous fiscal years' net profit/loss. QuickBooks Online electronically swaps the funds from your net income into the account. It doesn't record any visible transactions for it. Check out this article that explains how QuickBooks Online deals with your retained earnings: How to view Retained Earnings account details. 

If you're still unsure, I suggest contacting out your Accountant. These types of closing entries are their specialty. If you don't have one, you can find one through this link: Find an Accountant.

You can always reach back out if you need further assistance. Take care.