IF, if you are a sole proprietor in company settings, there is NO retained earnings named account. For sole proprietors only, Intuit decided to just post retained earnings directly to owner equity on the first day of the new fiscal year.
Actually, what intuit did was create retained earning and […]
Resolution for 'account uses issue: 'Why is net income is not positing to retained earnings?' available: Yes.
The account uses 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 account uses issue yourself by looking for a resolution described in the article. If it is a complex account uses issue or you are unable to solve the issue, you may contact us by clicking here or by using other account uses support options.
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