Retained Earnings is posted when you perform a close book operation. (or manually zero your income/expense accounts to Equity)
If you didn’t do this for 2015, there would be no entry. If you performed the 2016 close book operation in Jan 2017, you’ll have a retained earnings entry in that month for the net income-expenses for 2016. If you were a non-individual entity, that amount would be the entity’s taxable income for the year, hence the tax flag. You probably want to fix that date to 12/31/16. Regards, Adrien > On Mar 9, 2019, at 10:44 AM, Andrea Borgia <[email protected]> wrote: > > Hi. > > While splitting a multi-year book, I saw that the (end of) 2016 balance sheet > has an entry called "retained earnings" with a value of 54.10. > > A find-by-value gives me an entry in jan.2017 from an account which has a > tax-related flag set (and can't be changed, too): am I correct in assuming > the report is referring to this one? Also, why don't I see a similar entry in > the 2015 balance sheet for the corresponding 53.80 entry involving the same > accounts? > > More to the point: can I just safely ignore it? > After all, the total assets and the total equity match. > > Thanks, > Andrea. _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
