Hi Justin-Ryan,
Thank you for your post and welcome to the Community Forum.
We appreciate you in expressing your concern to us. In this matter, in MYOB Business Essentials you can compare the current Balance Sheet Report with the previous year by selecting compared to last year. This compares the period you have chosen in the date range to the corresponding period in the last financial year.
If you have question or if you need further assistance in the future, please feel free to post again. We are happy to assist you further.
If my response has answered your enquiry, please click "Accept as Solution" to assist other users find this information.
Regards,
Cel