Calculating Total Equity

Jonathan LucasJonathan Lucas Member Posts: 11

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

Comments

  • ZappyZappy Accredited Partner Posts: 4,574 ✭✭✭

    Journals are your friend

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