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February 27, 2020
Question

Balance Sheet Report - Dividends Balance carrying over to new year

  • February 27, 2020
  • 1 reply
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When I pull up my balance sheet for 2020 it is still showing dividends paid for 2019. Why is this carrying over into 2020?

1 reply

February 27, 2020

You need to make a journal entry on the first day of your present fiscal year to zero out the dividends and seems to retained earnings.