I'm working with a new company profile, operations started in July 2021. Fiscal year is 6/1 - 5/31. The fiscal year was not set in the account settings, so QBO automatically updated Retained Earnings on 1/1/22. I updated the fiscal year, but it appears that RE adjustment isn't updated. Now, the balance sheet for the true fiscal year end is wrong, beacsue it has this partial-year retained earning line.
How can I adjust this to get an accurate balnce sheet?
