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

keisuke-matsumoto · ‎December 09, 2020

Deferred Tax liability is classified automatically as financing activities, but want to reclassify this as operating activities.

MonicaM3 · ‎December 09, 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.

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MonicaM3 · ‎December 09, 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.

keisuke-matsumoto · ‎December 09, 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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Can I reclassify the account in the Statement of Cash Flow (ex: Financing activities to /from Operating activities)