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Another use of As Of Date field is it dictates the current year. If As Of date is not changed, it will take the current fiscal year setup in the Fiscal Year screen. However, once this date was changed, there might be an instance where the current fiscal year will not anymore match that of Fiscal Year screen setup. But this gives flexibility to dynamically dictate the current fiscal year you would like the report to consider without having to modify your Fiscal Year setup or your system date. This will be discussed more on How to dynamically change current fiscal year.

Now that contributing  factors had been presented on how Filter Type will work, time to explain each and every Filter type and how it works plus some illustrations. See topics below.

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