Entering a Journal transaction as each financial year is completed is the easiest way to move your Current Earnings to Retained Earnings.

1. From the Transactions menu click the add icon for a Journal transaction.
2. Date the transaction the 1st day of your new financial year
3. Enter your current earnings for that financial year just completed. You can use the Balance Sheet report run as at the last day of the financial year to get this number
4. CREDIT - Equity: Retained Earnings
   DEBIT - Equity: Current Earnings
   add these Accounts if you don’t already have them
5. Do not select any tax codes for either
6. Save the transaction