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.