Skip to main content

Get 50% OFF QuickBooks for 3 months*

Buy now
Switch to QuickBooks and 70% off for 3 Months
July 23, 2020
Question

Negative amount

  • July 23, 2020
  • 1 reply
  • 1 view

 

Net Income-3,11,99,501.11
Opening Balance Equity-8,98,91,149.02
 Retained Earnings15,30,90,528.55

 

So, how to adjust negative balance 

 

 

 

    1 reply

    JessT
    Moderator
    July 23, 2020

    Hi there, Randhir Jha!

     

    The net income and the retained earnings are coming from your transactions, so I would suggest editing your opening balance equity. I know you're getting this from a certain report, so on that report page, click the opening balance equity amount. Then, click on the transactions that comprised this negative amount, and change them.

     

    Please let me know if you need more help correcting the amounts of your accounts. Have a good day!