Profit and Loss - Compare to same period last year
Ability to compare a custom period, with the same period the year before.
For example be able to compare a profit and loss for July 2021 - March 2022, with the same period the year before, not just the 9 months before.
There seems to be the function to do this with a year-to-date profit and loss, however if you want to have an end date prior to today then it doesn't seem to work.
Rebecca Palmer
shared this idea
Hi Rebecca, we've revamped comparative periods in the new reports to provide greater flexibility. Allowing you to customise what comparisons show when running date range reports.
So now, you can compare with the same exact period ( eg 10 days), months, quarters or years. Dive on in for a try and let us know what you think!
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Paul Hopkins
commented
In the profit & loss statements if we bring up a period of 01 July 2022 to 31 May 2023 and also need to show a comparative column of the full 2022 financial year
The comparison does not show the full previous year.
Could Xero add an option just like on the balance sheet reports so we can quickly select the previous financial year for the comparative figures. This would help with tax planning scenarios.