In previous systems - Simply Accounting - the year end roll over automatically removed income and expense values. When doing a trial balance I am seeing revenue and expense values from the previous year. 

I've checked dates selected.

I expected the trial balance to show me an up-to-the-date (selected for the end of the current posting period) balance on all my ledger accounts. The bank account shows a variance value rather than my current bank balance to that date of posting - that's the first point of confusion. "This period only" selected.  Here the revenue accounts do not have prior years values in. Nothing shows up for accumulated amortization values. 

I'm also seeing in some versions of the trial balance report "show beginning and end balances" the revenue values from prior year in there. Also, expense values, like amortization expense from the year before. 

I just want a trial balance that shows my all ledger current balances (for the entire ledger) for the end of my current bookkeeping session. I look for the bank balance to be the same as my statement balance and for any account balances that look off. 

If I do a journal entry for the last day of the previous year that closes the revenue and expense account balances to the retained earnings, will that rectify the trial balance report issues?

Thanks,

BA