Hello there, Walker.
A cash advance from Doordash is not a long-term liability. It's a short-term loan to the employee, recorded as a current asset in QuickBooks. This is because it's expected to be paid back relatively quickly, typically within a year. Let me provide additional information.
Liabilities refer to what a company owes, while a cash advance represents an amount that is due back to the company, rather than an obligation to a third party. It is documented as a current asset, such as Advances to Employees or Other Receivables, because it is expected to be repaid within a short timeframe, usually within a year.
For further assistance, you might want to explore QuickBooks Live Expert Assisted, an additional service designed to help keep your business well-organized.
Moreover, if you're looking to generate a basic financial report. You can check this article as your guidelines: Run a report in QuickBooks Online.
If you have any further questions or need additional assistance regarding liabilities in QuickBooks Online. Feel free to reach out to us. We're always here to help!
