Lynn_Pantic
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evolution (n) - gradual change to a different form
Posts: 5663
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It depends on what the problem is. Retained Earnings normally has a beginning balance and after that is simply calculated from the net of income and expense accounts when year end routine (AM-B) is run and updated if transactions to income or expense accounts are backdated to a prior year. If both the balance sheet and trial balance are out of balance and you know the difference belongs in Retained Earnings then you can use UT-A, program EDITGL and create a one sided entry, then UT-K-D and recalculate the account.
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