Comparison of current year financials with previous year along with percentage increase/decrease
This feature allows user to compare previous year's Balance Sheet and Profit and Loss Account with current year. Further, a user can also check variation (in percentage) between current year and last year figures.
The benefits of this feature are as follows:-
  • Advance tax liability can easily be estimated on basis of previous year's data.
  • User can easily compare last year's financials with current year and finalize books of account accordingly.
How this feature works
Step 01: Select Balance Sheet or Profit & Loss Account, as the case may be.
Step 02: Click on "View previous year figures" check box and select the business name for which you want to compare the data.
After selecting the business income, the relevant last year's figures shall be displayed in separate column with percentage increase/decrease.