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I can help you edit your Retained Earnings balance, @cindylou230.
You can create a journal entry to update the Retained Earnings balance. You'll need to get an accountant's advice when creating this because it can affect your financial reports and books.
Here's how:
- Go to the + New button and select Journal Entry.
- Provide all the necessary information about this journal entry.
- Click on Save once you're done.
I'll be sharing some related links about Retained Earnings account and how it works in QBO. Check the following articles:
That's it. If you have any other questions or would like me to clarify anything else about updating your Retained Earning account, let me know. I am always glad to help in any way I can. Have a good day.
