Can retained earnings be used to fund expansion?

May 10, 2021 ... NetSuite uses a system-generated account for Retained Earnings that cannot be deleted and should not be renamed. However, you can assign an ... Retained Earnings, RETAINEDEARNINGS. Rounding, ROUNDING. Tracking Transfers, TRACKINGTRANSFERS. Unpaid Expense Claims, UNPAIDEXPCLM. Unrealised Currency Gains ... 3060 Retained Earnings. 3600 Equity in TCA. 3999 Total Equity. REVENUE. 4000 ... 5150 Accounting/Auditing/Legal. 5160 Bad Debt Expense. 5170 Memberships ... The Retained Earnings account is updated each year upon the completion of the Financial Year Close Off. It is a cumulative account used for reporting purposes ... The retained earnings account is used to roll up your profit and loss balance into the retained profit account in the balance sheet at the end of the financial ... Jun 14, 2014 ... Retained earnings (net income for your organization); Other equity ... Typically you will have more expense accounts than any other type of ... Retained earnings - Recommend that only 1 account of this type be created. NOTE: If you do not create this account, Workamajig will auto-create the account at ... ... accounting for the dividend in kind at the recorded amount may not be appropriate. ... Consistent with the accounting for stock dividends, retained earnings ... 33900 Retained Earnings-Unreserved. This account represents the accumulated earnings of a proprietary type fund which have been retained in the fund and ... RE - Retained earnings; OE - Other equity; DIV - Dividends. INC - Income (Account type: R). SALE - Sales revenue; RET - Returns and allowances. COS - Cost of ...