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FineBit's avatar
FineBit
User
2 years ago
Solved

Retained Earning Journal

Hi All

I understand that MYOB automatically rolls over last year's earnings to Retained Earning at the beginning of a new Financial Year.
I can see this adjustment or journal from the Journal Listing at the beginning of my previous Financial Year (1/07/2021).

However, for my new FY of 2022, I realised this journal did not appear in the journal listing, but the Balance Sheet was updated (Retained Earnings successfully included last year's earnings).

Can someone please tell me why this is so? And how can I fix this?
Any tips and advice are highly appreciated.

Thank you
Jamna

  • Princess_R's avatar
    Princess_R
    2 years ago

    Hi FineBit 

     

    Thank you for your post. I'd like to extend you a warm welcome to the Community Forum. I hope you find it a valuable resource.

     

    I would suggest opening the AccountRight file desktop to browser version. Check the business setting if it is in the correct financial year. Go to Banking >> select Find transactions >> type end of year to see the list of journals.

     

    Please feel free to post again I'm happy to assist.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

     

    Cheers,

    Princess

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  • Princess_R's avatar
    Princess_R
    MYOB Moderator
    2 years ago

    Hi FineBit 

     

    Thank you for your post. I'd like to extend you a warm welcome to the Community Forum. I hope you find it a valuable resource.

     

    I would suggest opening the AccountRight file desktop to browser version. Check the business setting if it is in the correct financial year. Go to Banking >> select Find transactions >> type end of year to see the list of journals.

     

    Please feel free to post again I'm happy to assist.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

     

    Cheers,

    Princess