Open the financial report and go Statement of Changes in Equity.
Click the "Change to Retained Earnings" line item and then click the plus sign"+" and then select "Manual" to add a manual
line.
Drag the new line item before the "Net Profit(Loss) to Accumulate" to replace the deleted Opening Retained Earnings line item.
Double click the account name to update it.
Tip: Copy the account name in other financial reports and paste it here, so that you will not manually type it.
Manually update the line item amounts for 2023 and 2024.
Click the "Change to Retained Earnings" line item again and then click the plus sign"+". Select "Formula" to add a formula
line to replace the "Closing Retained Earnings/Accumulated(Losses)" line item.
Double click the account name to update it.
Updated image:
Click again the "Closing Retained Earnings/Accumulated(Losses)" header to show the formula box in the upper left side and then click "Variable" and a dropdown selection will show. Select the "Opening Retained Earnings/Accumulated(Losses)" to add it in the formula.
Then click the plus sign to update the formula.
Click "Variable" again to add the "Net Profit/(Loss) to Accumulate" to the formula to arrive with the "Closing Retained Earnings/Accumulated(Losses)" amount. Scroll down or drag the scroll bar to see the "Net Profit/(Loss) to Accumulate" selection item
Click the "Check" icon to update the formula.
The Opening and Closing Retained Earning line items now is updated.
