You can locate the Comparative Year box in the Years window:
Log in to HandiLedger and highlight your entity.
From the bottom menu bar select Year and Edit.
Tick or untick the Comparative year option.
If the Comparative Year is incorrectly set, HandiLedger's reports may appear incorrect. The Comparative Year option affects the treatment of Opening Stock and Retained Profits (Accumulated Losses).
Using opening stock as an example
If an entity trades for the accounting year of 01/07/2023 to 30/06/2024, it is expected that the first opening stock entry will be dated 01/07/2023.
When you add a new entity to HandiLedger, you generally input the entity's accounts as a journal entry dated 30 June. This results in the first opening stock entry being dated 30/06/2024. This confuses HandiLedger and can result in the Trial Balance being out of balance by the stock amount.
To overcome the problem, select the Comparative Year option if the opening stock is not dated on the first day of the accounting year. HandiLedger will then know to look for the opening stock on another date.
Note: If using branch accounting, remember to check the Comparative Year option setting for all the branches including the main branch.