Yes, I already pay myself a "reasonalble" salary and yes have had the required annual meetings.  The retained earnings (profits) will be pass through taxable income on my personal taxes for last year and therefore cabable of being distributed out to the shareholders (just me). I could just write myself a check and zero out the RE account, but if I choose to leave it in there.  Profit distributions are untaxed because I already will have paid taxes on it in my 2017 return.

My question is more of a bookkeeping one.   Leave the profits in the company (as retained earnings) and draw it out as needed or distribute profits  (according to bylaws) which in quickbooks I can do by putting it into an owner equity account or writing myself a check.

My accountant is aware I want to take the profit though I may not pull it all out.