Menu

Search

Knowledge Base


16479: Separate Net Income from Retained Earnings Account (DAS)


Reports

Drake Accounting®: Is there a way to separate the net income from the retained earnings on balance sheet reports?

 

There is an option to separate net income from retained earnings on all balance sheet reports, with the exception of the Three-Year report.

 

When Separate Net Income from Retained Earnings Account is checked, the current year earnings will be put in Net Income instead of combining it with prior year Retained Earnings amounts.  This amount includes the sum of all income, expense, and cost of goods accounts (as well as other income, tax provisions, and other expenses, if applicable) that would go into the Retained Earnings account after processing the Year-End Close.

 


Related Links


Also In This Category


On a scale of 1-5, please rate the helpfulness of this article


Not Helpful
Very Helpful
Optionally provide private feedback to help us improve this article...

Thank you for your feedback!


Details
Article has been viewed 2.4K times.
Last Modified: 2 Months Ago
Article not rated yet.
Options