Apologies for the late reply… tax season and whatnot.
I agree. That does seem useful, to compare the amounts across various periods, and not just the changes during a single time frame.
The descriptions/subcategories wouldn’t be an issue, if the report was filtering for the right entries (based on the date range). As it stands, it’s almost as if the report is defaulting to a comparative column format (even on single column reports) and including empty values (and the corresponding transactions) for comparison (when there’s no comparison being made).
Meanwhile, the “General Ledger Transactions” report is able to correctly filter for those very same entries based on the date. So is there a reason why the filtering acts differently on the “Statement of Changes in Equity”?
What issue is this referring to (the first sentence, specifically)?
As the included reports above in the OP show, this was just a demo company “Test LLC”. The setup wasn’t all that complicated. Perhaps there’s some confusion caused by the two renamed equity accounts.
Either way, I’m not sure how the included reports would indicate “tracking member balances manually” (I’m also not aware of what that would entail exactly), since the “Statement of Changes in Equity” will only include the transactions that involve the capital accounts (which you believe aren’t being used).
And perhaps I’m missing something, but the Capital Accounts tab doesn’t include much functionality. You can add/edit a capital account, check the balance, and see the transactions. Is there something else to be done there?
To simulate what I’ve done (aside from the superficial renaming of accounts), here are the steps to reproduce:
- Start with a new test business.
- Customize by adding the “Capital Accounts”, the “Receipts & Payments”, and either the “Cash” or “Bank” account tabs.
- Create a money account (either cash or bank depending on what tab you chose to add).
- Add a capital account for (at least) one partner.
- Enter a receipt for $50, on 12/12/18, credited to a capital account’s “funds contributed” sub-account.
- Run a “Statement of Changes in Equity” report for 2018. Everything looks fine.
- Run a “Statement of Changes in Equity” report for 2019. The action you entered in step 5 appears in the 2019 report, when it should only be appearing in 2018.