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freedom57401
Level 1

I was using quickbooks desktop and now online. When I go to pull balance sheets it shows retained earnings. I am trying to figure out how to remove that.

 
1 Comment 1
KenoLee_P
QuickBooks Team

I was using quickbooks desktop and now online. When I go to pull balance sheets it shows retained earnings. I am trying to figure out how to remove that.

Hi there, freedom57401. Thank you for using QuickBooks Online.

 

Retained Earnings account displays the profit a company reinvests in itself.

 

 

QuickBooks Online (QBO) doesn't have an option to remove Retained Earnings from the Balance Sheet because it's a standard accounting component for the equity report. QBO automatically calculates and displays retained earnings, reflecting the cumulative net income (or losses) from prior years.

 

Here’s a guide on how to manage your Retained Earnings : View Retained Earnings account details

 

 

Please let me know in the comments below if you have any other concerns or follow-up questions.

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