cancel
Showing results for 
Search instead for 
Did you mean: 
devapatir
Level 2

Retained Earnings

I started a new company file in QB desktop and imported a chart of accounts from a similar company. 

The problem I have is that the retained earnings account doesn't pick up the prior periods net  income.

Any suggestions.

Thanks,

Mike 

1 Comment
Nick_M
QuickBooks Team

Retained Earnings

Hi there, devapatir. 

 

Thanks for stopping by the Community today, I'm happy to assist, as far as your retained earnings account, if this is a new company then there won't be any transactions. However, you can create a journal entry. This method is a last resort for entering transactions though, and you should speak with an accountant when doing this. If you don't have one, you can check out our handy find an accountant tool. If you have any other questions, feel free to post here anytime. Thanks and I hope you have a lovely day. 

Sign in for the best experience
Ask questions, get answers, and join our large community of QuickBooks users.
Sign In / Sign Up

Need to get in touch?

Contact us