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Old 05-12-2008, 11:30 AM   #2 (permalink)
ZaddY
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Join Date: Mar 2008
Location: Berkeley, CA
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It sounds like you have two retained earnings accounts - one that you set up and one that QB set up. QB automatically "closes" the prior year earnings into retained earnings so that should not be an issue. Your income/expense accounts reset to $0 for the current year but the prior year entries remain.

You should make sure that the manual entry you made went into the same retained earnings account that QB is using.
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