Retained earnings rollup
The part of the year-end close that moves the year’s net income into Retained Earnings.
In Solo Superstars
Happens inside the closing entry. Until then, the Balance sheet shows current-year net income on its own line.
Example
Net income 41,300 for FY2026 becomes part of Retained Earnings on January 1, 2027.
Codes shown are the defaults a new workspace starts with. Yours may be renamed or renumbered — check Accounting › Chart of accounts. See the full default chart.
Also called
- income rollup
Related
- Closing entry — The journal entry at year end that zeroes every revenue and expense account into retained earnings so the new year starts clean.
- Retained earnings — Profit the business has kept over the years rather than paid out. Each year-end close moves net income here.
- Net income — Revenue minus every cost and expense. Rolls into retained earnings at year end.