Calculating Total Equity
I am setting up a Balance Sheet on Reckon Accounts Premier Edition 2020.
In the equity section, I require - Retained Earnings and Issued Capital to add together to become Total Equity.
I set up a heading 3000 - Equity, 3010 Issued Capital (sub-account of 3000) and the system created 3005 as the retained earnings account. Reckon does not allow the Retained Earings account to be a sub-account of 3000.
Question is how do I get 3010 and 3005 to total Total Equit