Thanks for getting back to this thread, @fd_com. Let me share additional information on how to handle retained earnings.

The total amount is moved from retained earnings to an account called distribution payable. To do this, you'll need first to create a liability account. 

Here's how:

1. From the Lists menu, choose Chart of Accounts.
2. In the Chart of Accounts window, right-click and click New from the pop-up menu.
3. In the Account Type section, select Other Current Liability.
4. Enter a name for the account.
5. Once done, click Ok.

Then at the time of distribution, checks are written for the amount to each shareholder, and you use the distribution payable account as the expense for the transaction.

I also suggest consulting an accountant. This is to ensure that your book is accurate and balance. 

Additionally, let me share this article to help you set up, record, and manage upfront deposits in QuickBooks Desktop: Manage retainers.

Feel free to get back to this thread if you have further questions about the distribution of profit in QuickBooks. I'll be happy to assist you again. Keep safe and have a good one.