These are Different, and let’s examine how and why: “However, my net profit for 2018 shows 100k
And retained earnings in balance sheet for 2018 shows 3k

For both reports I run date: 1/1/18 – 31/12/18”


And this is not stated quite right: “I can understand the net profit should match retained earnings.”


RE […]

Resolution for 'Accounting Formula issue: 'Why retained earnings is empty, but shows in report' available: Yes.

The Accounting Formula 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 Accounting Formula issue yourself by looking for a resolution described in the article. If it is a complex Accounting Formula issue or you are unable to solve the issue, you may contact us by clicking here or by using other Accounting Formula support options.

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