| | How retained earnings are updated during period end processing |
| Description | How retained earnings are updated during period end processing
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| Resolution | - Retained earnings are not updated during Process Period End.
- Period end and year end processing have no effect on the retained earnings account.
- For all releases of Sage 500 ERP, as each batch is posted, the retained earnings account for the following year is automatically updated.
- Financial statements for the next year can be printed immediately that reflect the correct balances.
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