Accounting Tax Services | Bookkeeping Solutions Toronto

Tag: Retained Earnings

A Catch in QuickBook, Dividend and Retained Earnings

19 June, 2008 (18:15) | Quickbook | By: Cecilia Leung

Quickbook claims that you do not need to close the book, it will automatically close it for you.  It is only partially true.  A lot of my clients were shocked when they see their Retained Earnings and their Dividend Paid or Owner’s Draw account from their balance sheet to be double or triple the actual amount they paid [...]