Is there a profit & loss for previous year comparison?
Yes, you can run P&L reports a few different ways to see a comparison of prior year data.
The Profit and Loss - Custom Date report allows you to select a custom date range to review and compare it to another date range.
In the Profit and Loss report there are also some other options to see prior year data for comparison. In the customize screen, select the blue report type box. This will show a variety of different P&L report types that can be run. Several include prior year data.