Retained Earnings did not automatically rollover

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SaiO
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Retained Earnings did not automatically rollover

Retained earnings did not roll over and now my balance sheet is does not balance, how to fix it?

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Tracey_H
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Re: Retained Earnings did not automatically rollover

Hi @SaiO 

 

So that I can look into this for you can you please send me the following screenshots in a private message:

 

  • Setup>>Company information window
  • Transaction journal>>General tab dated from the 01/07/financial year in question
  • profit & loss report
  • balance sheet report

Cheers,
Tracey
Previously @bungy15

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amandasole
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Re: Retained Earnings did not automatically rollover

Hi Tracey were you able to resolve this problem for SaiO? I have exactly the same issue (we're using MYOB Essentials).

The Balance Sheet and Trial Balance are both missing a Retained Earnings account.

Thank you, Amanda

amandasole
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Re: Retained Earnings did not automatically rollover

Just letting you know that I fixed this myself. I needed to roll the financial year and then the previous year's profit was reported as retained earnings.

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