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Hi there, PH.

 

Thanks for coming back. I'd like this to be taken care of.

 

Auto closing entries are important for it use to transfer the balance from the Income and Expense accounts to Retained Earnings.

 

As suggested by my colleague AldrinS, you can customize and filter the expense report if you wish to disallow the Retained Earnings from showing in the report. The detailed steps are already provided above.

 

To learn more about customizing reports, here's an article that you can refer: Customize reports in QuickBooks Desktop.

 

In case you'd like to know more about Closing Entries, please refer to this article: Close your books in QuickBooks Desktop.

 

If there's anything else you need, don't hesitate to reach back to me and I'd be happy to help.

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