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keisuke-matsumoto
Level 1

Can I reclassify the account in the Statement of Cash Flow (ex: Financing activities to /from Operating activities)

Deferred Tax liability is classified automatically as financing activities, but want to reclassify this as operating activities.
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Best answer December 09, 2020

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MonicaM3
QuickBooks Team

Can I reclassify the account in the Statement of Cash Flow (ex: Financing activities to /from Operating activities)

 

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.

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2 Comments
MonicaM3
QuickBooks Team

Can I reclassify the account in the Statement of Cash Flow (ex: Financing activities to /from Operating activities)

 

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.

View solution in original post

keisuke-matsumoto
Level 1

Can I reclassify the account in the Statement of Cash Flow (ex: Financing activities to /from Operating activities)

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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