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Level 4

Is There Such a Report as Statement of Cash Flows by Class?

When preparing the Statement of Cash Flows - If I have open/due invoices at the time (date) when the statement is made, shall I include them in the calculation of the Increase (decrease) in accounts payable line item even if I am going to pay them in less than a month?

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Community Champion

Is There Such a Report as Statement of Cash Flows by Class?

These adjustments to cash are the changes and if your open A/P and A/R are identical at beginning and end of period you make zero adjustment. Only the change in A/P or change in A/R will be added in. 

 

If you use the QB canned report it makes the additions for you

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