Bookkeeping Basics: Understanding Retained Earnings

What this episode covers

What exactly is retained earnings, and how does QuickBooks Online handle it? In this short bookkeeping basics lesson, Rachel Barnett breaks down how retained earnings work, where to find it on your balance sheet, and why you don’t need to manually update it in QuickBooks. She also explains what a positive or negative retained earnings balance means for your business. Whether you're a bookkeeper or a small business owner, this quick explanation will help you understand this important accounting concept. Tune in and learn something new today!

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Frequently Asked Questions

How long is this episode of Gentle Frog’s Bookkeeping Lily Pad?

This episode is 2 minutes long.

When was this Gentle Frog’s Bookkeeping Lily Pad episode published?

This episode was published on March 20, 2025.

What is this episode about?

What exactly is retained earnings, and how does QuickBooks Online handle it? In this short bookkeeping basics lesson, Rachel Barnett breaks down how retained earnings work, where to find it on your balance sheet, and why you don’t need to manually...

Can I download this Gentle Frog’s Bookkeeping Lily Pad episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.