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jonesty's avatar
jonesty
Experienced User
3 years ago
Solved

Retained Earnings account balance after starting new financial year

Hi, I've just "rolled over" the financial year for the first time and noticed that the "Retained Earnings" equity account (in Chart of Accounts) is now showing a balance but it's been calculated on a...
  • jonesty's avatar
    jonesty
    3 years ago

    For anybody also confused by the wonderful world of accounting, I asked my accountant and apparently this is normal.

jonesty's avatar
jonesty
Experienced User
3 years ago

For anybody also confused by the wonderful world of accounting, I asked my accountant and apparently this is normal.

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