Adding historical P&L items

Hi TreasurerT,

That’s a good question. You can’t manually add a single set of last year’s Profit & Loss figures just to fill the comparison column. The “last year” comparison is based on the same date range from the previous year that already exists in the file, rather than a manual comparative amount.
 

Also, if you’ve only brought in opening balances, prior-year profit doesn’t show as an opening balance on the current year’s Profit & Loss report. When the financial year rolls over, that prior-year result moves into retained earnings instead. So if you’re after a true year-on-year comparison in the report, the prior-year transactions would need to be in the file. If they’re not, the practical option is to compare the reports outside MYOB or bring the historical data into the file first.

Regards,
Earl