What is Retained Earnings?
Generally, retained earnings is a corporation's cumulative earnings since the corporation was formed minus the dividends it has declared since it began. In other words, retained earnings represents the corporation's cumulative earnings that have not been distributed to its stockholders.
The amount of retained earnings as of a balance sheet's date is reported as a separate line item in the stockholders' equity section of the balance sheet.
A negative amount of retained earnings is reported as deficit or accumulated deficit.
Order of Preparation
HFM Application Metadata
Custom Procedure RetainedEarningsCalc()
Sub RetainedEarningsCalc()
Dim REValue
REValue = HS.GetCell("A#Netprofit.C1#TotalProducts.C2#TotalCustomers. C3#TotalC3.C4#ClosingBalance.I#[ICP None]")
If REValue < 0 Then
HS.Exp "A#RetainedEarnings.C1#[None].C2#[None].
C3#[None].C4#Decreases.I#[ICP None] = -1 * "& REValue
ElseIf REValue > 0 Then
HS.Exp "A#RetainedEarnings.C1#[None].C2#[None].
C3#[None].C4#Increases.I#[ICP None] = "& REValue
End If
End Sub
After Consolidation the Below Output Received.
Balance Sheet Structure
Difference Between Retained Earnings & Net Income
The primary difference between retained earnings and net income is time. Net income is the bottom-line profit your business earns for a given period. Retained earnings is the accumulation of those earnings over time to reinvest in the business or to maintain as a safety net.
