If we calculate the profit and loss statement (P&L) as of a specific date, e.g. 30 June 2018, the prior period will be displayed on a proportional basis, i.e. for the period 1 January 2017 – 30 June 2017 (assuming the financial year follows the calendar year).
Profit and Loss Statement Does Not Match Prior Period Balances
Balances for the previous period do not match in the Profit and Loss Statement as of a specific date
Written by Petr Pech