Forum Discussion

NortonChua's avatar
NortonChua
Member
4 years ago
Solved

Change Retained Earnings account

The system account code is 3-8000 and I would like to change to another account code 3-9100.  Where can I change the mapping / Link?    
retained earnings
  • Mike_James's avatar
    Mike_James
    4 years ago

    Hi NortonChua , you can renumber account 3-8000 to account 3-9100 by editing the account in the accounts list, unless you have an existing account 3-9100.

Tracey_H's avatar
Tracey_H
Former Staff
4 years ago

Hi NortonChua 

 

Thanks for your post. The linked equity accounts for retained earnings and current earnings are locked and can't be changed. When you close a financial year AccountRight automatically records a general journal transferring the current earnings balance to the retained earnings account.

 

Please let me know if you need further help.

 

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

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