Why does every Chart of Accounts report I run from a date in 2017 to a date in 2018 list the total 2017 expenses in one line item called Retained Earnings?

I have QB for Mac 2019 V18.0.2 R3.1 & am using a MacPro running Mojave 10.14.1 OS.  Is this report generation glitch a known problem? 

After running a QB update last Friday I was unable to log in due to a password reset issue.  After spending 3 hours on the phone w/Intuit support I learned that Mojave OS is not yet fully compatible with QB 2019 so tech support had me revert back to the previous version of QB 2019.

Our accountant is checking with her other Apple clients & I posting same question on the Apple Community.

I hope there is a fix soon for this problem!


Thank you for reaching out to us here in the Community, scottandgeoff,

QuickBooks Desktop will automatically creates the Retained Earning account once you set up a company file to track profits from earlier periods. This account is also where QuickBooks transfers the prior year's net income/loss to every first day of each fiscal year using a Journal Entry.

QuickBooks automatically transfers the prior year's income/loss to Retained Earnings account since the Chart of Accounts report you run has overlapped the fiscal year.

On the other hand, there's no reported issues about the QB for Mac 2019 using Mojave OS pertaining Retained Earnings when pulling up Chart of Accounts report in QuickBooks.

You can also refer to this article for additional reference: QuickBooks Desktop system requirements.

Please feel free to leave a comment below if you have other concerns about retained earnings in QuickBooks. I'm just around if you need help.

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