FrontAccounting forum — confusion in system and general gl setup

Re: confusion in system and general gl setup

2024-05-17T06:51:06Z

Sounds like your accounts won't balance?
retained earnings are usually an equity type of account is account class set in a way you won't balance out when closing your temporary accounts like revenue and expenses?

confusion in system and general gl setup

2024-05-17T04:31:28Z

The Retained Earnings Account should be a Balance Account or the Profit and Loss Year Account should be an Expense Account (preferred the last one in the Expense Class).
What does that even mean. All of my account is set perfectly but shows the above error.