Hello everybody, I searched the beancount docs and Google Group and didn't find exactly what I needed, so maybe someone here can help me.
What is the best way to work with retained earnings? I see that the account Equity:Earnings:Current was generated automatically, but how do I interact with that? I ask because ultimately I am looking for the answer on how to record equity payouts. For example, suppose I am recordkeeping for company XYZ. XYZ has $1000 in assets, $0 in liabilities, $600 in share capital, and $400 in retained earnings. XYZ then pays a distribution of $300 (e.g. dividends). The final result should be $700 in assets, $0 in liabilities, and $600 in share capital, and $100 in retained earnings. How would I record that distribution? -- You received this message because you are subscribed to the Google Groups "Beancount" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/beancount/028e7d69-5dcf-4573-929c-93971befb169n%40googlegroups.com.
