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7Hi GP Community,
I am currently having issues calculating the change in net assets on my Statement of Activities when presenting comparative financials. My organization has a fiscal year of July 1-June 30. On interim financials, when calculating the change in net assets, I have to back out the previous year's change in net assets. For example, when presenting interim comparative financials as of April 2019 the calculation or the change in net asset at the end of the year equals the sum of the current years change in net assets and net assets at the beginning of the year less the change in net assets for May and June of the previous year. Is this the proper way to calculate? Does anyone else have this issue with comparative financials? How do you all run comparative financials out of management reporter?
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