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We’re excited to announce that the 2025 Community Recap is now available! This special recap highlights the amazing contributions and achievements of our members over the year and celebrates the collective success of our community.
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Thank you to everyone for your passion, collaboration, and support. Here’s to building an even stronger community together in the year ahead!
NSC | Customize Balance Sheet: How to move Net Income from Prior Periods to Retained Earnings?
Scenario:
User want to move Net Income from previous periods (beginning of the year) to Retained Earnings in Balance Sheet.
Solution:
1. Navigate to Reports > Financial > Balance Sheet
2. Click Customize
3. Go to Edit Layout section
4. Edit Sections:
For the Retained Earnings:
A.) Expand Liabilities and Equity > Equity > Retained Earnings > Net Income (Balance Forward to Beginning of Year)
B.) Reference Row:
Relative Range: Balance Forward
To: Start Date
C.) Rename Row: Net Income (Balance Forward to Beginning of Period) - this is optional
Note: The Retained Earnings section of the report is composed of the Net Income Balance Forward (via Income Statement lookup) and Retained Earnings manual postings to this account.
