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How do I allocate the system posted year-end entry to Retained Earnings to another Equity account?

edited Jan 17, 2024 3:35PM in Ask A Guru 5 comments

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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