Retained Earnings Beginning Account Info

  • Updated

The retained earnings account is typically only updated during a year end close. The presentation of the net income information on the monthly income statements is a calculated field.  Up until you actually close the year in Orion you do not have entries into the Retained Earnings Account.  You may run financial statements to see the net income calculated amount.

 

Unless you have adjusting journal entries that have be entered that directly affect this account, you wouldn't see anything on the transaction history for the current year. 

 

To see what has hit a particular GL account you may run the Account History report under the GL folder on the Reports tree:

 

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