For anyone else running into this problem. I think the issue was that I originally setup the business as a sole proprietor and then switched to an SCorp. I know...
That doesn't seem to be the problem. The account above Net Income is Shareholders Distribution which is an account I setup. If I look at the transactions relate...
Should I see retained earnings on the profit and loss statement? I did what you mentioned and I still don't see any retained earnings account. I've seen example...
I ran the verify data utility and it said Quickbooks detected no problems with your data. I've also included a screen shot of the balance sheet. Currently the S...
