Does Retained Earnings Go on a Trial Balance

The 3900 Retained Earnings account does not show up on the Trial Balance report in Core. This is by design because a trial balance shows only accounts that have actual transactions in the accounting tables.

What is not included in a trial balance?

Post-Closing Trial Balance You should not include income statement accounts such as the revenue and operating expense accounts. Other accounts such as tax accounts, interest and donations do not belong on a post-closing trial balance report.

Where does retained earnings go on a balance sheet?

Retained earnings are a type of equity and are therefore reported in the shareholders’ equity section of the balance sheet. Although retained earnings are not themselves an asset, they can be used to purchase assets such as inventory, equipment, or other investments.