Check your deposit date on entered transaction. If you’ve backdated that deposit to sometime in the last fiscal year, that may be the reason it went to retained earnings account. Once the fiscal year is over, Net Income from P&L moves to Equity as Retained Earnings.
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Paul
Check your deposit date on entered transaction. If you’ve backdated that deposit to sometime in the last fiscal year, that may be the reason it went to retained earnings account. Once the fiscal year is over, Net Income from P&L moves to Equity as Retained Earnings.