I can share some insights about Retained Earning concerns, dbacc.

Retained Earnings are the sum of net profit from previous years. When a new fiscal year starts, QuickBooks Online automatically adds the net income from the previous fiscal year to your Balance Sheet as Retained Earnings. Check this article to learn more about Retained earnings in QBO: How to view Retained Earnings account details.

You'll want to review your closing date and ensure the accounting method is correct when running the report.

Also, I recommend reaching out to your accountant, so they can provide additional options on how to adjust the amount. This way, you can ensure your books are accurate.

If there's anything you want to add, please post them in a comment below. I'll be right here to help you more.