Remaining concerns regarding this issue are:

(1) Knowledgable users should be given better access, clarity and control over how Retained Earnings are handled. Within QBO, there's basically no information on how it works. I submitted feedback on this within QBO.

(2) When saving changes to account settings, it shoud alert you that changes were not saved iif you have insufficient permissions. Instead, it tells you they are saved, when in fact they are are not.