The formula in the first post starts with the beginning balance from the GLAMOUNTS table (CR represents Credit and DB represents Debit - both are needed to include the positive and negative amounts to arrive at the beginning balance). The remaining periods represent the corresponding month's credit and debit values. CR_AMOUNT_01 & DB_AMOUNT_01 represent the credit and debit database amounts for Jan, respectively.
The year is selected via the parameter field - It is defined in the Record Selection under the Selection Formulas.
Thank you for your help! It is greatly appreciated.