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keisuke-matsumoto
December 9, 2020
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Can I reclassify the account in the Statement of Cash Flow (ex: Financing activities to /from Operating activities)

  • December 9, 2020
  • 1 reply
  • 0 views
Deferred Tax liability is classified automatically as financing activities, but want to reclassify this as operating activities.
Best answer by MonicaM3

 

Hello @keisuke-matsumot,

 

Happy Wednesday! Thanks for visiting the QuickBooks Community. I can understand how customizing reports/statements is important. In this instance, the Statement of Cash Flow is set up according to the International Accounting Standard and there is not an option to reclassify accounts. I would recommend checking with your accountant to see if there is another option for your business.

 

Let me know if you have any other questions about reporting, customizing, or anything else. I’d be delighted to help.

1 reply

MonicaM3
MonicaM3Answer
December 9, 2020

 

Hello @keisuke-matsumot,

 

Happy Wednesday! Thanks for visiting the QuickBooks Community. I can understand how customizing reports/statements is important. In this instance, the Statement of Cash Flow is set up according to the International Accounting Standard and there is not an option to reclassify accounts. I would recommend checking with your accountant to see if there is another option for your business.

 

Let me know if you have any other questions about reporting, customizing, or anything else. I’d be delighted to help.

    K
    keisuke-matsumotoAuthor
    December 9, 2020

    Thank you for your comment! I was thinking the QB is set up based on US GAAP and that I could reclassify accounts if needed. I will consult with my CPA, just in case. 

     

    Thank you very much!

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