Is notes payable a financing activity? 1.60K viewsAccounting0 Leatherman 0 Comments I am trying to prepare a cash flow statement and I am stuck at the financing activities. Is notes payable included in the financing activities? 1 AnswerActiveVotedNewestOldest 0 Andrew216 Posted 0 Comments Yes, the notes payable is a financing activities. It’s neither operating nor investing activities anyway! Register or Login Search for: