QB Issue Resolution:

“You can make the journal suggested by however what you will do each year following I am not so sure, may be worth speaking toto see if they can change your company type.”

For Fund accounting, you don’t have to use a NFP-specific program or interface. I do fund accounting for Governmental entities, for instance. It is just accounting. The rebalancing of equity can be done with every transaction that affects Restricted funds; or Monthly, or Quarterly or at year end.

Think of it as similar to “partnership accounting.” It really is the same concept = rebalancing.

This is another reason to use Class Tracking. You don’t always have to Rebalance in the accounting. You might simply want to have two classes: Operations and Restricted Funds. That might meet your reporting requirements.

Resolution for Issue 'Retained Earnings amount differs on B/S vs. Chart of Accounts' available: Yes (Solved).
Source: Intuit Community forum.

Retained Earnings amount differs on B/S vs. Chart of Accounts: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

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