diff --git a/src/libs/actions/IOU.ts b/src/libs/actions/IOU.ts
index 819bd7564955..a7bccc7c80f7 100644
--- a/src/libs/actions/IOU.ts
+++ b/src/libs/actions/IOU.ts
@@ -1,7 +1,7 @@
 import {format} from 'date-fns';
 import fastMerge from 'expensify-common/lib/fastMerge';
 import Str from 'expensify-common/lib/str';
-import type {OnyxCollection, OnyxEntry, OnyxInputValue, OnyxUpdate} from 'react-native-onyx';
+import type {OnyxCollection, OnyxCollectionInput, OnyxEntry, OnyxInputValue, OnyxUpdate} from 'react-native-onyx';
 import Onyx from 'react-native-onyx';
 import type {ValueOf} from 'type-fest';
 import ReceiptGeneric from '@assets/images/receipt-generic.png';
@@ -166,11 +166,11 @@ Onyx.connect({
     },
 });
 
-let allReports: OnyxCollection<OnyxTypes.Report>;
+let allReports: OnyxCollection<OnyxTypes.Report> | null = null;
 Onyx.connect({
     key: ONYXKEYS.COLLECTION.REPORT,
     waitForCollectionCallback: true,
-    callback: (value) => (allReports = value),
+    callback: (value) => (allReports = value ?? null),
 });
 
 let allTransactions: NonNullable<OnyxCollection<OnyxTypes.Transaction>> = {};
@@ -2693,7 +2693,7 @@ function getUpdateMoneyRequestParams(
     failureData.push({
         onyxMethod: Onyx.METHOD.MERGE,
         key: `${ONYXKEYS.COLLECTION.REPORT}${transactionThreadReportID}`,
-        value: transactionThread ?? null,
+        value: transactionThread,
     });
 
     return {
@@ -2935,8 +2935,8 @@ function updateMoneyRequestMerchant(
     const transactionChanges: TransactionChanges = {
         merchant: value,
     };
-    const transactionThreadReport = allReports?.[`${ONYXKEYS.COLLECTION.REPORT}${transactionThreadReportID}`];
-    const parentReport = allReports?.[`${ONYXKEYS.COLLECTION.REPORT}${transactionThreadReport?.parentReportID}`];
+    const transactionThreadReport = allReports?.[`${ONYXKEYS.COLLECTION.REPORT}${transactionThreadReportID}`] ?? null;
+    const parentReport = allReports?.[`${ONYXKEYS.COLLECTION.REPORT}${transactionThreadReport?.parentReportID}`] ?? null;
     let data: UpdateMoneyRequestData;
     if (ReportUtils.isTrackExpenseReport(transactionThreadReport) && ReportUtils.isSelfDM(parentReport)) {
         data = getUpdateTrackExpenseParams(transactionID, transactionThreadReportID, transactionChanges, true, policy);
@@ -3023,8 +3023,8 @@ function updateMoneyRequestDistance({
         waypoints,
         routes,
     };
-    const transactionThreadReport = allReports?.[`${ONYXKEYS.COLLECTION.REPORT}${transactionThreadReportID}`];
-    const parentReport = allReports?.[`${ONYXKEYS.COLLECTION.REPORT}${transactionThreadReport?.parentReportID}`];
+    const transactionThreadReport = allReports?.[`${ONYXKEYS.COLLECTION.REPORT}${transactionThreadReportID}`] ?? null;
+    const parentReport = allReports?.[`${ONYXKEYS.COLLECTION.REPORT}${transactionThreadReport?.parentReportID}`] ?? null;
     let data: UpdateMoneyRequestData;
     if (ReportUtils.isTrackExpenseReport(transactionThreadReport) && ReportUtils.isSelfDM(parentReport)) {
         data = getUpdateTrackExpenseParams(transactionID, transactionThreadReportID, transactionChanges, true, policy);
@@ -5328,7 +5328,7 @@ function deleteMoneyRequest(transactionID: string, reportAction: OnyxTypes.Repor
         {
             onyxMethod: Onyx.METHOD.MERGE,
             key: `${ONYXKEYS.COLLECTION.REPORT}${iouReport?.reportID}`,
-            value: updatedIOUReport ?? null,
+            value: updatedIOUReport,
         },
         {
             onyxMethod: Onyx.METHOD.MERGE,