retained earnings change every month

[amaryllis]

When going through the year, the retained earning is changing every month. There are no entries in retained earning but yet it is different. Could something be closing to it every month or some journal entry be affecting it? I looked and it was not referenced in any journal entries that I could find.

[lustbergcpa]

If you do a General Ledger query for the Retained Earnings account with the current year as the range you will see any transactions posted to the account.

Your retained earnings account should change once a year when net income and other equity items get closed to the retained earnings account.

[P Brusch]

Also consider where you are seeing the change ... in account maintenance, on specific reports, etc. If it's a customized financial statement, there may be one or more other accounts that are being combined to produce that line.

[amaryllis]

It is not in any customized reports. If one does a general ledger report for that account there are no debits or credits but simply each month is changing. THe balance sheet still balances so it seems like one account may be closing to that every month - would that make sense and if so is there a simple way to track it down. Can one set up account so that they close every month?