Hi James,

Thanks for the reply.

Let me clarify on the change in fiscal year. In 2018 and before, the fiscal year end is July (ie. each fiscal year is from August to July). From 2018 onwards, the fiscal year end is changed to December to follow the calendar year. This means the current fiscal year is from August 2018 to December 2019, and the previous fiscal year is from August 2017 to July 2018. FYI, the fiscal year before the previous is from August 2016 to July 2017. Hence, I'm confused why the first month in my fiscal year is December. 

It seems that something is off for the net income in the Balance Sheet. I have clicked on the net income amount in the Profit and Loss, and the transactions are fine. The net income detail report shows transactions from August 2018 to December 2019. When I clicked on the net income amount in the Balance Sheet, the date filter in the net income detail report was initially from 31 December 2019 to 31 December 2019. Hence, the discrepancy in the net income. After correcting the date filter from August 2018 to December 2019, the net income in the net income detail report matches to the net income in the Profit and Loss. However, no matter how I edit the date filter in the Balance Sheet, I still can't get the correct net income. Shouldn't the Balance Sheet show YTD amounts (ie. as of 31 December 2019)?

Please refer to the screenshots attached. I have included some comments in the attached document.

Thanks for your assistance.