I agree with @Anonymous_ but this can be confusing.
Retained earnings is really just a catch-all and is different when comparing C and S corps.
Also keep in mind, that this is the only category on the balance sheet of the 1120-S in which to "summarize" the annual activity. So when referring to retained earnings here, there is really no other option to reference.
The other issue here is that the balance sheet within TT is not a "computed" section in the software. The balance sheet needs to be maintained in either QuickBooks or some other method and then entered into TT manually.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
