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Closed Retained Earnings to One Subaccount

  • August 11, 2025
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Is there a way to set Retained Earnings to close to one singular subaccount instead of each one individually? And, if not, what is the workaround most people would recommend? Make a journal entry? The only issue I could see with that is that it will have to be done for any transactions that need back-posted to the previous year after closing. 

Best answer by jhouser

​@rebeckamckinney53 You might consider using the Allocations function. Once the allocation is set up, you can run it whenever you want or put it on a schedule to happen automatically. The end result is a journal entry, but the system does it for you. 

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    jhouser
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    • jhouser
    • Captain II
    • Answer
    • August 22, 2025

    ​@rebeckamckinney53 You might consider using the Allocations function. Once the allocation is set up, you can run it whenever you want or put it on a schedule to happen automatically. The end result is a journal entry, but the system does it for you. 

    Contract for hire: https://www.linkedin.com/in/jesse-houser-052817b6/
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