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Community Contributor **

Please fix cash reporting non-cash journal entries are being reported as cash.

 
5 Comments
Established Community Backer ***

Re: Please fix cash reportingnon-cash journal entries are being reported as cash.

Any entry has a value, it may not be cash in the strictest sense of the word, but none the less it is treated as cash.

 

could you post your journal entry, maybe that will help

 

Journal entries should be the exception when using QB, they often do not work as you think they should, and  when you use inventory type items they never work for inventory. It is much better to use the forms on the home page the way QB is designed to be used.    Journal entries also bypass accrual/cash reporting at times , and will not show on many reports.

Community Contributor **

Re: Please fix cash reportingnon-cash journal entries are being reported as cash.

the point is they need to fix this example dr expense cr payable (anything other than accounts payable, eg interest payable ) dr expense cr prepaid expense two non cash showing up in cash reports
QuickBooks Team

Re: Please fix cash reportingnon-cash journal entries are being reported as cash.

Hello there, @sadfsadf.

 

QuickBooks uses double-entry accounting when recording your transactions. This means that each transaction whether cash or non-cash you entered affects two or more accounts. Let me share additional information on how this works.  

 

When creating a journal entry, the transactions you entered directly affect the accounts you chose. @Rustler is correct, if you’re recording inventory type of transactions, it’s best to use the forms available in the system. Doing this will allow you to record your Accounts Receivables and Accounts Payables properly. For more detailed information, you may refer to these articles: How accounts are affected by debits and credits.

 

On the other hand, to create a report to show both Debits and Credits for each non-cash journal entry, here’s how:

  1. Go to Reports menu.
  2. Scroll down to the For my Accountant section.
  3. Select Journal.
  4. Click the Customize button.

           a. Expand the Filter section.

           b. Checked the Transaction Type tick box.

           c. Click the Transaction Type drop-down menu.

           d. Choose the transactions you want to include in the reports.

           e.  Click Run Report.

You can refer to this article for step-by-step instructions: Create a report that shows Debits and Credits for each transaction

 

Also, I have here some articles for more insights about managing journal entries:

Let me know if you have other questions. I’m always here to help.

Community Contributor **

Re: Please fix cash reportingnon-cash journal entries are being reported as cash.

off topic and unhelpful
Community Contributor **

Re: Please fix cash reportingnon-cash journal entries are being reported as cash.

this is exactly the type of copy/paste script response i'd expect from customer service reps shielding the management from doing their jobs to save a few bucks to improve their software. that's why none of these things gets fixed.