Recording dividends paid out

[Matt Kowske]

For a very much related discussion, see the current ongoing thread
"Question on LLC member distributions w/o closing books"

On 02/23/2015 06:48 AM, Ron Stone wrote:
> Thanks John and Alice,
>
> This proved remarkably easy to do, once I knew which buttons to push, and as a bonus, closing the books demystified some accounting concepts and terminology.
>
> I noticed that the online help states that book closing is really unnecessary in GnuCash, and can confuse some reports. If I chose not to, I would have no pool of retained earnings against which to record dividends. In such a case, is there an alternative approach to drawing on equity to pay them out?
>
> Ron
>