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@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 dont understand why the difference, as I thought Retained Earnings >meant >Profit. > > > >Any help much appreciated. > >_______________________________________________ >gnucash-user mailing list >gnucash-user@gnucash.org >To update your subscription preferences or to unsubscribe: >https://lists.gnucash.org/mailman/listinfo/gnucash-user >If you are using Nabble or Gmane, please see >https://wiki.gnucash.org/wiki/Mailing_Lists for more information. >----- >Please remember to CC this list on all your replies. >You can do this by using Reply-To-List or Reply-All. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
