can you offset retained earnings with accounts receivable%3F%0D%0A

Hello fred452,

Yes, you can offset the retained earnings account with an accounts receivable. To make sure the transactions are recorded accurately, I suggest reaching out to your financial advisor so they can guide you on the correct accounts to use.

You can offset the accounts by creating a journal entry. Here's an article as your guide: Create journal entries.

Furthermore, I've added here an article as your guide in resolving accounts receivable: Resolve accounts receivable or accounts payable balances.

You can always post in the forum whenever you have concerns about managing your accounts.

Thank you for your help

On behalf of my colleague, you're most welcome, fred.
 

In QuickBooks Community Space, we always ensure we can address your concerns and help you get back on track.
 

If you have any additional inquiries, please let me know, and I will respond as soon as possible. Have a great day ahead!