Thank you for the clarifications. Really appreciate it.

In my mind then the label "Retained Earnings" is a misnomer it that it does not actually reflect "Retained" anything. Its just a running total of profits or losses.

Also, for the less Accounting inclined, my distributions are sent from the Business Checking account to the Shareholder. I dont think of that as a cash account. QB Online has a "Cash on Hand" and but think that might refer to petty cash, and not money in the bank.

But, adjusting Retained Earnings, was the main concern.

You said, "Retained Earnings is Credit balance (ideally) and Distributions are a Debit (if done correctly)."

and I agree. I would like QB to do the math for me showing me how much of the retained earnings are actually still in the company coffers vs. me having to figure that out. Seems like something that should be there but perhaps Accounting is not like Quicken in that Accounting is all about running totals vs point in time.

Thanks again.