report to see the current year retained earnings

AI generated answer (using internal Slack threads):

To see the current year retained earnings in NetSuite, you can follow these steps: 1. Navigate to Reports > Financial > Income Statement. 2. Set the date range to the current fiscal year. 3. The Retained Earnings line item will show the current year's retained earnings. Please note that NetSuite automatically calculates retained earnings as the sum of all income and expense accounts from the previous fiscal years. This includes all income, cost of goods sold (COGS), expense, and tax accounts. If you see two retained earnings, it's possible that one is system-generated and the other one is manually created. The system-generated retained earnings account is calculated automatically by NetSuite, while the manually created one is controlled by the user. For booking retained earnings to dividends at year-end, it's generally recommended not to touch the system-generated retained earnings account. Instead, you can create a parent Retained Earnings account and make the system-generated one a child of that parent account. This way, you can easily see the total Retained Earnings and also have a separate account for manual recording. In a multi-currency scenario, the retained earnings value in the consolidation for the subsidiary may show a translation effect due to the consolidation exchange rate at the given point of time. This is standard NetSuite behavior. If you're confident the net impact on the consolidated P&L should be zero, you can post a journal to your base currency elimination entity, with the other side going to Foreign Currency Translation Adjustment (FCTR). ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******