[GNC] Difference between Net Loss and Retained Earnings

[Rick Copple]

Net loss or profit is for a specific period of time. Retained earnings would be for the whole file up until the last closing period. So if your annual start date is the end of the calendar year, then the retianed earnings would be the equivalent of running a profit and loss since the beginning of the file up until 12/31/2017.

⁣Rick Copple
Window Cleaning Specialist
Copple Cleaning Service
<http://www.copplecleaningservice.com>​

On Jun 18, 2018, 4:20 PM, at 4:20 PM, Gareth Davies via gnucash-user <gnucash-user at gnucash.org> wrote:
>Again another Newby question.
>
> 
>
>When I generate a Profit and Loss report it shows a net Loss for the
>period
>of £567, yet on the Balance Sheet report it shows a Retained Earnings
>figure
>of £701.
>
> 
>
>I don’t understand why the difference, as I thought Retained  Earnings
>meant
>Profit.
>
> 
>
>Any help much appreciated.
>
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