Indeed, without the Retained Earnings line, the book won't be balanced.
In QuickBooks (I assume it would be the same in Quickens) when
displaying a balance sheet, a Net Income line (calculated during
runtime) is included under Equity, so the book will always be
balanced. It is essentially having the same effect of Retained
Earnings, which has a different meanings as Net Income, though.
I guess if you want a balanced report without "Retained Earnings" as a
separate line, you can run a P&L report to get your Net Income first,
then add that amount to an Net Income account under Equity (or Retained
Earnings account as the default one used in GNC). You will have to
debit that amount from an expense account called something like
"Converted to Equity". You can then run the balance report without
getting the Retained Earnings line since income and expenses are
balanced out...
-- ND
On 1/24/25 3:58 PM, Stan Brown (using GC 4.14) wrote:
From a strictly mechanical point of view, what David suggests will get
the job done. (A similar option is exporting the report as HTML and then
editing the HTML.)
But I don't understand how the OP can present a "balance sheet" that
doesn't actually balance. That's the inevitable result of simply
deleting the Retained Earnings line.
Stan Brown
Tehachapi, CA, USA
https://BrownMath.com
On Jan 24, 2025, 11:25 PM, at 11:25 PM, Colin Penner <colin.penne...@gmail.com>
wrote:
I want to switch from Quicken to Gnu-Cash. The only problem that I have
is that Gnu-Cash Balance Sheet reports include a line of either
"Retained Earnings" or "Retained Liabilities". For my requirements I
MUST eliminate both of these lines. Is there any way that this can be
accomplished? The Docs don't say.
On 2025-01-24 12:47, sunfish62--- via gnucash-user wrote:
Off the top of my head, copy the entire report, paste it into a
spreadsheet, and delete the offending entries.>
David T.
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