On 2023-10-22 12:55, Quinn Wood wrote: > The only use case where retained earnings comes into play is when > performing bookkeeping for a business that is taxed separately from its > owners.
I don't think that's right. (1) I was on the Board of a 501(c)(3) tax-exempt charity, and we had retained earnings. They were the excess of income over expenses for the year to date. (2) I have retained earnings -- again, the excess of income over expenses for year to date. Part of that is gains and losses on investments, both realized and unrealized. It would never occur to me to call that "discretionary spending money", _especially_ the unrealized gains. While the _name_ Retained Earnings may not be appropriate for every entity, the _thing_ is, as far as I can see. Stan Brown Tehachapi, CA, USA https://BrownMath.com _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
