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Subsidiary Acquisition - Moving Balance Sheet Balances - Retained Earnings Issue

Hi All,

We are currently going through a bunch of acquisitions where one subsidiary is taking over another subsidiary that are currently in our NS environment. We want to move the balances from the old sub to the new sub.

It is pretty straight forward with the P&L. However, we are having some issues in regards to the Balance Sheet. Again, most of the entries will be pretty straightforward but the one issue I am coming across is dealing with the Retained Earnings.

At my previous company our RE account was an actual account that we could book to which allowed us to move the balance from one entity to another. I do not see that as an option here.

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