Retained Income means a balanced Balance Sheet.
The difference between Income Statement and Balance Sheet.
How to code a journal from a business event.
The five (not five hundred) essential columns for tracking money.
In Part 1 we entered a deposit from a customer into a table. This article covers the additional dimensions that support a bare bones accounting system.
If you or your dev team need to track money, these are the essentials. You don't need hundreds of objects and thousands of columns.