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Narrative Insights is Temporarily Unavailable due to an Infrastructure Issue. Learn how This Impacts Your Account and What to Expect While the Feature is Disabled.
Narrative Insights is Temporarily Unavailable due to an Infrastructure Issue. Learn how This Impacts Your Account and What to Expect While the Feature is Disabled.
How do I allocate the system posted year-end entry to Retained Earnings to another Equity account?
From the Year-End Guide https://docs.oracle.com/en/cloud/saas/netsuite/ns-online-help/section_N1457773.html#Year-End-Closing
"The retained earnings account is a system account and cannot be deleted or substituted with another account. If you must adjust retained earnings or allocate the balance to other equity accounts, you can post a journal entry and it is reflected on the balance sheet."
I tried to post a journal entry but I am not able to select the system account "Retained Earnings". How do I reclassify the balance in the system generated Retained Earnings to another Equity account?
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