Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Previous year retained earnings

sffdib
Level 5

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?

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

3 Comments 3
abctax55
Level 15

For that tiny amount I would treat it as other income, or non-deductible expense depending on the direction it is off.

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
sffdib
Level 5

Thanks.

0 Cheers
qbteachmt
Level 15

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.

*******************************
"Level Up" is a gaming function, not a real life function.
0 Cheers