Balance Comp. - Prev. Year (report)
The Balance Comp. - Prev. Year report provides a side-by-side view of account balances across two fiscal years. The report helps identify major variances and trends in financial performance by comparing current year figures with the prior year.
To focus on specific areas of interest, you can filter the report by dimension or account range.
Use cases
To identify trends and variances, compare account balances side-by-side across two fiscal years. Filter by dimension or account range for more targeted insights. Use this report to analyze year-over-year financial performance and highlight account-level changes.
Tip
Tip:
Here are some tips on how to use the report:
- Use this report during budgeting or forecasting cycles so you understand historical performance.
- Apply filters to narrow the focus to specific accounts or dimensions for deeper insights.
Finance teams can use this report to:
- Compare financial results between two fiscal years and identify significant changes.
- Analyze trends in account-level performance over time.
- Support strategic planning and variance analysis during financial reviews.
Try the report
Try the report here: Balance Comp. - Prev. Year
Tip
Tip:
If you hold down the CTRL key while you select the report link, the report opens on a new browser tab. In this way, you can stay on the current page while you explore the report on the other browser tab.
Related information
Built-in key finance reports
Ad hoc analysis on finance data
Financial analytics overview