Net Income missing from Balance Sheet

[Tony Nelson]

Yes it is different than Retained Earnings.

Both QuickBooks and GnuCash show the same "Retained Earnings" amount,
which relects historic retained earnings through the end of the prior
fiscal year.

GnuCash, does not show a line item for Net Income, which is the earnings
for the present fiscal year to date (at least that is what it is with
QuickBooks).

Note: GnuCash does show the proper amount of net income on the income
statement, but this amount does not show up on the balance sheet (as it
does with QuickBooks).

Again, many thanks!
--Tony



On Mon, 2008-07-07 at 13:36 -0700, Charles Day wrote:
> On Mon, Jul 7, 2008 at 1:27 PM, Tony Nelson <tonyn at openlearning.com>
> wrote:
>         Hi All,
>         
>         In quickbooks my balance sheet shows a net income line under
>         the equity
>         category.  I don't see this with GnuCash?
> 
> Is this something different than Retained Earnings?
>  
> 
>         Any suggestions on how to make it appear?
>         
>         Thanks!
>         --Tony
>         
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