Net Income missing from Balance Sheet

[Jannick Asmus]

On 07.07.2008 22:49, Tony Nelson wrote:
> Yes it is different than Retained Earnings.

I agree.

> 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).

I believe that GnuCash comprises net income in retained earnings.

> 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

Best wishes,
J.

> 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