Can we roll over retained earnings (e.g. add net income to retained earnings and set net income to 0) at a specific date in 2026 for all entities e.g. Feb 15_th_ or some arbitrary date.

AI generated answer (using internal Slack threads):

Based on the conversations, it appears that the rollover of retained earnings (i.e., adding net income to retained earnings and setting net income to 0) is a system-calculated process in NetSuite and is typically done at the end of the fiscal year. However, it does not seem possible to set a specific date for this rollover, such as February 15th, 2026, or any other arbitrary date. The retained earnings account is a reference account in NetSuite, meaning it derives from net income and is calculated by the system. It is not typically manually adjusted, and any manual adjustments (such as journal entries) can lead to discrepancies or inaccuracies in the consolidated figures, especially in a multi-currency, multi-subsidiary environment. In some cases, as per regulatory requirements, companies may need to move the current year's retained earnings to a historical account. However, this process can lead to non-zero values at a consolidated level due to changes in the consolidated foreign exchange rate of the period. In conclusion, while it is possible to manually adjust retained earnings in NetSuite, it is not recommended due to the potential for inaccuracies and discrepancies. Furthermore, it does not appear possible to set a specific date for the rollover of retained earnings. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******