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July 3, 2023
Question

Can I access the retained earnings ledger?

  • July 3, 2023
  • 1 reply
  • 0 views
I need to see the transactions or details of the movement between my opening retained earnings figure and closing figures

1 reply

JenoP
July 3, 2023

Hi there, usersolu2010.

 

At the beginning of your financial year, QuickBooks automatically transfers net income into your retained earnings account. You can go to your Chart of Accounts and run a Quick Report to see the transactions and other details that are affecting your retained earnings account.

 

Here's how:

 

  1. Go to Gear or Settings ⚙ icon and select Chart of Accounts.
  2. Look for the Retained Earnings account.
  3. Proceed to the Action column and click Run Report.
  4. From the Report period dropdown list, select All Dates.
  5. Click Run report.

 

Aside from that, you can also run a Profit and Loss report and add a year column. This will give you a year-by-year amounts so you can see the amount from the Profit and Loss transferred into the Retained Earnings account as it occurred.


Let me show you how:

 

  1. Go to Business overview and select Reports.
  2. Locate and select the Profit and Loss report.
  3. Click Customise and scroll-down to the Rows/Columns section.
  4. Check the Years box and select Run report.

 

You can also check out this article for more details about this: How To View Retained Earnings Account Details.

 

Feel free to check out these articles as well for additional for additional guidance when working with your financial data in QBO:

 

 

The Community is always here if you need anything else.