sffdib
Level 5
06-15-2021
09:26 PM
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Previous year retained earning is out of balance. I checked QB balance sheet from 2011 until to date, it all adds up except for 2019. QB retained earning changed by $225, ProSeries is out of balance. How do I make an adjustment to prior year retained earnings in ProSeries?
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abctax55
Level 15
06-15-2021
10:36 PM
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For that tiny amount I would treat it as other income, or non-deductible expense depending on the direction it is off.
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sffdib
Level 5
06-16-2021
10:48 AM
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Thanks.
qbteachmt
Level 15
06-16-2021
12:23 PM
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If you really care, you can search their data for any transaction that = $225; typically, someone made a change to one thing, not considering it was historical and reported already.
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