Retained Earnings - Previous Year balance on the current year Balance Sheet does not match the Total Retained Earnings from last year.

This is not an error.

This is not an error. After you roll forward to the new fiscal year, the opening balance of the retained earnings is the addition of net income of last year and the ending balance of retained earnings account of the last fiscal year.

For example, your retained earnings balance is $1000 in fiscal year 2013. The net income of 2013 is $500. After you roll to 2014 fiscal year, the retained earnings balance should be $1500.

However if you need to do an adjustment, you can use the methode(s) below.

Method 1: Manual entry of adjustment done on the Retained Earning - Previous year account:

1. Go to Reports, Financials, General ledger
   Select Retained Earning - Previous year account.
2. Show corrections
3. Check if there is manual entry posted to the account.
4. If there is entry wrongly done , you may have to reverse it.

Method 2: Contact Sage 50 Support

• If Method I does not work, please contact Sage Tech Support 888-522-2722 to do rebuild.