Hi there, Amys Accounting.
I'm here to share some insights about the reporting capabilities of QuickBooks Online.
You don't have to set up classes to get this functionality. The Compare another period option is available in the P&L and Balance Sheet reports of QuickBooks Online Essentials, Plus, and Advanced. You can follow the steps below to be guided in using it:
- Select Reports from the sidebar menu.
- Under the Business overview section, choose Profit and Loss or Balance Sheet.
- Set the appropriate reporting date and accounting method.
- Click the menu under Compare another period, then choose which time period to compare.
- Previous period: The period right before the reporting period.
- Previous year: The same period as the previous year.
- Year-to-date: From the start of the year to the start of the reporting period.
- Select how you want to compare the difference.
- $ change: The difference as a dollar amount.
- % change: The difference as a percentage.
- Hit Run report.
Alternatively, you can directly pull up the Balance Sheet Comparison, Profit and Loss YTD Comparison, Profit and Loss Comparison report under the Business overview section to easily compare your financial data from the previous year. These reports are also available in all versions of QBO.
However, if you're unable to see the options I've mentioned above, you can try signing in to your QuickBooks account through a private or incognito window. This process will help you determine if it's a browser-related issue since those mode doesn't save site data, cache, and cookies. Check out the shortcut keys below:
- Press Ctrl + Shift + P for Firefox
- Press Ctrl + Shift + N for Chrome
- Press Command + Shift + N for Safari
Once you're in, head to the Reports menu and open your P&L or Balance Sheet report again. If the Compare another period is now showing, close the incognito window then go back to the regular browser. Next, clear the cache to delete the stored junk files. You can also use another browser to further isolate the issue.
In addition, I've enclosed some articles that will guide you in personalizing and formatting the layout of your reports:
We're open here 24/7 so please don't hesitate to visit us again if you need more help in managing your reports. Have a great rest of the day.
