retained earnings for departments - Adagio Accounting

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#63168 - 02/27/20 01:55 PM retained earnings for departments
Janet Adagio Graduate Registered: 08/12/10 Posts: 43 Loc: Ontario	would it make more sense to open a new retained earnings account when setting up a department or can the retained earnings use departments?
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#63173 - 02/27/20 03:16 PM Re: retained earnings for departments [Re: Janet]
Steve Schwartz Adagio God Registered: 03/10/02 Posts: 4566 Loc: Wynnewood, PA	Either way works. Whether it makes sense depends on your business and your financial reporting needs, not on the Adagio software. Steve
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#63183 - 02/28/20 07:04 AM Re: retained earnings for departments [Re: Steve Schwartz]
Janet Adagio Graduate Registered: 08/12/10 Posts: 43 Loc: Ontario	Ok just wanted to make sure retained earnings could have departments Thank you
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