So i have this 2 criteria formulas which works perfectly thanks to you. I only displays students who owe money in our current fiscal year which is what i wanted..  @Fiscal Debtor= """ if {AccountActivity.Transaction date} in DateTime (2010, 07, 01, 00, 00, 00) to DateTime (2011, 06, 30, 00, 00, 00) and {AccountActivity.Transaction type}="Charge"then 1 else 0 """"
the other one is @Sorter= """" if {AccountActivity.Transaction type}="Charge" then {AccountActivity.Extended amount} else if {AccountActivity.Transaction type}="Payment" then {AccountActivity.Extended amount}*(-1) else
if {AccountActivity.Transaction type}="Credit" then {AccountActivity.Extended amount}*(-1) else 0 """"

So right now if i was to delete the group formula under edit selection formula which is
""Sum ({@Fiscal Debtor},{AccountActivity.Full/organization name}) >= 1.00 and Sum ({@Sorter}, {AccountActivity.Full/organization name}) >= $1.00""

I get everybody that owes  us money from 2002 until today but if i go back and apply that group formula then i get students who owes money from july 7/2010 until today, which is fine.  What i wanted to setup multiple groups or separate groups which groups or sorts the student that owe us money per fiscal years

so fiscal year 2011, they owe us $23,000
fiscal year 2011, they owe us $17,000
fiscal year 2002, they owe us $34,000

Thanks for your reply
I want to see what each student owes each FY

and it will be nice  to see a run time parameter that selects which FY to look but not necessary though