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Product Ideas

Report: Profit and loss - This year/last year comparison




1 Post


Is it possible to do This year/Last year comparison reports for P&L and Balance sheet in MYOB essentials?  If not is this something that could be added or is there an upgrade that does this?  


"this year/last year comparison reports"

Current Status: Done
Last Changed: November 2020

Hi Everyone


Using the Profit & Loss report you will have the option within MYOB Essentials to Compare to Last year and/or budgets. 

For more information on this topic check out Analyse your profit or loss.

1 Post
Cover User

How can I include a column for last year end amounts for the balance sheet as well as the current month amounts ?

MYOB Staff
2,948 Posts
MYOB Staff
Thanks for the idea Mike of needing a balance sheet report to show the balance as of the current month and include a column for last year. We would love to hear what others think about this.
Valued Partner
147 Posts
Valued Partner

Hi Mike,


If you are open to use an MYOB Add-on then check out BudgetLink


BudgetLink is a Free Apporoved MYOB add-on that has a Balance Sheet report that compares current month balances with the same month last year. WIth a quick customisation (less than 10 mintues) it could be made to compare year end balances with the current month


You can download it from here

6 Posts
Former Staff

Fully agree.

38 Posts
Former Staff



Feedback from Accountant " it would be great if you had a Last year comparison within the Balance Sheet like there is in the new BETA P & L.

5 Posts
Cover User

It would make end of year reconciling and general bookkeeping easier if you could view a balance sheet report showing last years comparatives, similiar to the new Profit & Loss layout.



9,085 Posts
Former Staff

Thank you all for your interest in this idea. 


This year/last year comparison is already avaialble with the new Profit & Loss report, our developers do plan to bring this option for the Balance Sheet report as well. We'll be updating the status again when we have more details avaiable. 

Experienced Cover User
25 Posts
Experienced Cover User

Have gone through the comments regarding the This yr last yr Balance Sheet. From and accountant point of view it is a huge mistake to overlook this function! Is there a timeframe for when this will be available? 

1 Post

 The original suggestion to introduce a comparative balance sheet feature in Essentials was posted two years ago. Is this something that will be implemented anytime soon?? Other accounting software programs have this feature so it's really frustrating (and time consuming!) not being able to pull up comparative balance sheets in Essentials.

Experienced Cover User
19 Posts
Experienced Cover User

Comparative Balance Sheet already please please please please please please.