In the balance sheet, retained earnings refer to total income minus
expenses on the report date.
On Thu., 14 Mar. 2019, 04:35 Andrea Borgia, wrote:
> Il 10/03/19 10:16, Adrien Monteleone ha scritto:
>
>
> > The fact that this is also the same amount as this particular
> > transaction you
Il 10/03/19 10:16, Adrien Monteleone ha scritto:
The fact that this is also the same amount as this particular
transaction you entered for 13/01/17 is purely coincidental. (and
should be, since it is entered in 2017 and you are running a balance
sheet as of 31/12/16, unless you *aren’t*
Il 10/03/19 10:55, Liz ha scritto:
If you have a negative balance do you pay a "negative" tax?
Liz
I have never tried but I assume you simply would pay nothing.
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Andrea Borgia wrote:
> (*) yeah, in Italy you pay a small percentage of your bank account
> balance for the privilege of having a bank account. Funny place, I know.
>
If you have a negative balance do you pay a "negative" tax?
Liz
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Yes, sorry. I misunderstood your post.
The Balance Sheet Report does show a Retained Earnings line if you do not close
books that is calculated as if you had. (which is why you don’t need to use
that procedure, GnuCash doesn’t require you to close books as that is a
procedure mostly dictated
Il 10/03/19 01:19, Adrien Monteleone ha scritto:
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,
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
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
