This report compares your balance sheet as of the end of the selected month of this fiscal year with your balance sheet as of the end of the same month of last fiscal year.

This report can be displayed using the cash basis and accrual basis accounting methods. Click the Customize button in the Index to Reports window to display the Report Customization window. In the Report Basis field, select Accrual or Cash, then click Display to display your report. Cash basis reports are differentiated from accrual basis reports by the word [Cash] listed after the report name.

Report Tip: This report shows you how your asset, liability, and equity account balances changed over the course of the year.

• Check any change from year to year greater than 10%. Make sure you understand why it changed. Has your cash position improved or declined? Are your receivables growing or shrinking? Why?
• If you are using a 13th accounting period, run the report twice, once for 12 periods and again with the 13th period. Since many 13th period entries are non-operational, you may get a clearer picture of your business operations with a 12-month P&L.

• To find the Balance Sheet [Last Year Analysis] report
• To create a custom report
• To create a report batch
• To print a balance sheet for budget analysis