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Buy nowHello,
I am still puzzled. Why "Retained Earnings" is not reduced by amount paid from the Assets (bank accounts) to "Sharesholder's Distributions" ? It seems that I cannot do anything with ""Retained Earnings" in the "Chart of Accounts" except run a report. I do have a balance in the "Retained Earnings" but in the report it is blank...
Is there an answer on how to setup QB to do it?