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Established Member

Statement of Cashflows Classification

Depreciation (of Fixed Assets) is showing up in the Investing section of the Statement of Cashflows rather than as an adjustment to Operating Activities.  

 

Anyone know how to correct this?

1 Comment
QuickBooks Team

Re: Statement of Cashflows Classification

Hello there, @jimbeamish.

 

The account where your fixed asset is assigned affects its posting in the Statement of Cashflows. Let's re-assign the item or asset to the correct account.

 

Here's how:

  1. Open the Fixed Asset Manager.
  2. In the Schedule tab, look for the depreciation of fixed assets.
  3. Right-click  the selected asset.
  4. Choose Assign G/L Accounts to Assets.
  5. Select the posting account.
  6. Click OK.

These Help articles will provide additional insights:

Don’t hesitate to drop a comment below if you have follow-up questions about managing your Fixed Asset Manager. I’m always here to help.