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Morning I have recorded a dividend and its showing a – in the retained earnings

Morning I have recorded a dividend and its showing a – in the retained earnings


Posted by Andrew Lee on May 30, 2014 7:07 AM BST

£ should be a nagtive


Posted by Andrew Lee on May 30, 2014 7:08 AM BST

Hi Andrew,

It is fine to have a negative retained earnings balance as long as the total equity balance is positive. When you start a new financial year (click menu Setup > Financial Year > Start a new financial year) it will increase the balance of the Retained Earnings account, possibly making it positive.

Regards


Posted by Mark McLaren (Solar Accounts) on May 30, 2014 8:36 AM BST