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Why are "Retained Earnings" Showing up in the Expense sidebar tab if it is listed as an Equity? Trying to account for Automatic deposit to Savings account from Checking

 
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Rose-A
Moderator

Why are "Retained Earnings" Showing up in the Expense sidebar tab if it is listed as an Equity? Trying to account for Automatic deposit to Savings account from Checking

Hello, information.

Allow me to share some helpful information about retained earnings in QuickBooks Online.

 

Retained earnings are the profits that a company has earned to date, less any dividends or other distributions paid to investors. This amount is adjusted whenever there is an entry to the accounting records that impacts a revenue or expense account.

 

Your Retained Earnings account shows the total of your company's income and expenses from all previous years.

 

For detailed information, check out this article: https://quickbooks.intuit.com/community/Reports-and-accounting/How-to-view-Retained-Earnings-account....

 

If you need help with QuickBooks in the future, you can call our dedicated team who will be happy to assist you. To reach us, please follow these steps:

 

  1. Sign in to your QuickBooks Online Company.
  2. Click (?) Help at the upper right corner.
  3. At the bottom, click on Contact us.
  4. Type in your concern then hit Continue.

Feel free to drop a reply if you have additional questions about retained earnings in QuickBooks Online. I'd be happy to answer them for you.

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