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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?

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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.

HumanKind... Be Both
sffdib
Level 5

Thanks.

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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.

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