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A
ar-abdulshafi
May 1, 2022
Question

Hi, I am not an accountant, however I noticed something needs explanation. I found 3 short-term loans appear in QB's cash flow statement as "operating" activities.

  • May 1, 2022
  • 2 replies
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2 replies

MJoy_D
MJoy_D
May 1, 2022

I'm here to help you with checking these loans showing as operating activities in your cash flow, @ar-abdulshafi.

 

You can check the transactions associated with those operating activities or the 3 short-term loans that you've found. Take note of the details. Once done, check the Audit Log in QuickBooks Online (QBO) to check who created the transactions. 

 

Here's how:

 

  1. Go to the Gear icon (⚙) and proceed to the Audit log.
  2. Use the fields on the page to choose the appropriate User, Date, or Events filter to narrow the results.

 

To learn more about the audit log, refer to this article: Use the audit log in QuickBooks Online. It'll guide you on how to use it to keep an audit trail. It'll show you the name of the user who made the change, the date, and many more.

 

Once you've found the transaction and no longer need it, you can either void or delete the transaction. Check out this article for detailed guidance: Void or delete transactions in QuickBooks Online.

 

I'm always here if you still have questions or need further help about the short-term loans appearing in your cash flow statement. Let me know in the Reply section below. Have a great rest of the day!

A
ar-abdulshafiAuthor
May 1, 2022

Thanks for your  kind reply. I checked the related   transaction but I couldn't find problems with their recordings. I took those screen  shots  in order to show you what I found related to one of these short-term loan. Kindly help on this. Thank you once again 

JessT
JessT
May 1, 2022

Hi ar-abdulshafi!

 

I truly appreciate your screenshot. I'm just curious though. What kind of help do you need?

 

We can help you in finding the journal entry and guide you through reviewing the Audit history to find out who made it. That person should be able to explain what it is for. I can see that the description says "see attachment". Maybe, it has the information about the transaction.

 

I also understand that you are not an accountant, but if you are looking for advice about the entries, I suggest finding one. The QuickBooks Team can offer technical help about QuickBooks and other Intuit products, but not accounting advice.

 

Speaking of entries, I would like to share this article explaining about categories and their uses: Learn about the chart of accounts in QuickBooks Online.

 

I'm just around if you have other questions, but one of my colleagues will jump in when I'm not at my desk. Have a good one!

A
ar-abdulshafiAuthor
May 1, 2022

Thanks Jess for your care.

I have a 4-year experience with QB

So I can understand financial accounting language if someone of QB team - generously - make online access to my subscription to investigate himself the cause behind this error. 

 

Best Regards 

 

Abdulrahman 

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