A reporting issue is found in the Qvinci Cash Flow report when a Location, using a QuickBooks desktop version, contains journal entries that are made to Retained Earnings accounts. These journal entries on Retained Earnings accounts are not accurately accounted for in the Qvinci Cash Flow report. Typically this results in missing lines in the financing section of the Qvinci Cash Flow report. This reporting issue pertains only to QuickBooks desktop files.
An easy workaround can be found below:
- In the QuickBooks Desktop file, create a new Equity account called "Retained Earnings 2".
- Create, or move, the adjustment in question, to the "Retained Earnings 2" account.
- Sync the QuickBooks file.
- On the Qvinci Cash Flow report the user will see the balance for just the Qvinci "Retained Earnings 2" account, but on the Balance Sheet report the user will see the adjustment/journal entry that was placed in the "Retained Earnings 2" account next to the regular QuickBooks Retained Earnings account. Know that these two accounts should be added together to retrieve the accurate retained earnings total for the file.