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Use this guide to enable retained earnings calculation for client files with a Belgian address. This article is intended for firms operating in the UK, Netherlands, and Luxembourg, where retained earnings calculations are required.

Table of contents 

Why is retained earnings disabled for Belgian client files?

  • Belgian companies typically do not require retained earnings calculations. For that reason, retained earnings are disabled by default for client files with a Belgian address.
  • This can cause issues for firms that use retained earnings in other markets, such as the UK, the Netherlands, or Luxembourg. If a company is registered in Belgium but has business activity in one of these markets, the retained earnings calculation is blocked by default.
  • To support these scenarios, you can manually enable retained earnings for specific Belgian client files.

How do I enable retained earnings for a Belgian client file?

Steps

  1. Navigate to the Edit client button on the client file overview page.
  2. Click on the Periods tab.
  3. Scroll down to the Retained earnings account section.
  4. Select the checkbox Enable the retained earnings calculation for this BE company.
  5. Click Save changes.

Retained earnings in synced versus manual client files

For synced client files such as Odoo or Xero:

  • The retained earnings account is assigned automatically.
  • The calculation runs after you save your changes.

For manual client files:

  • After enabling the checkbox, select the retained earnings account from the dropdown.
  • A new Retained earnings column then appears in the periods table.
  • Choose the years for which you want to run the calculation.

Note: Processing time depends on the size of the client file.

Good to know

  • This option is only visible when retained earnings are available in your firm and the client file has a Belgian address.
  • The checkbox is unchecked by default for all Belgian client files.
  • This feature is designed for firms operating across multiple markets where a company is registered in Belgium but still requires retained earnings calculation.