why is the retained earnings from prior year not included in the liablitiy side of the balance sheet. I am by the amount of retained earnings and there is no box to enter.
Ending amount is off as well. and my numbers match my books. assets are fine.
Yes. I am using QB BALANCE Sheet which is in balance. On Tax 1120S Balance Sheet side is correct but I cannot get the liability side to balance. The beginning year amount does not include the beginning year retained earnings. This is the amount that is off for the beginning year.
