diff --git a/src/Expensify.js b/src/Expensify.js
index b3289e8559b4..6d8fe67927b0 100644
--- a/src/Expensify.js
+++ b/src/Expensify.js
@@ -56,7 +56,7 @@ const propTypes = {
     updateAvailable: PropTypes.bool,
 
     // Whether the initial data needed to render the app is ready
-    appDataLoaded: PropTypes.bool,
+    initialReportDataLoaded: PropTypes.bool,
 };
 
 const defaultProps = {
@@ -65,7 +65,7 @@ const defaultProps = {
         accountID: null,
     },
     updateAvailable: false,
-    appDataLoaded: false,
+    initialReportDataLoaded: false,
 };
 
 class Expensify extends PureComponent {
@@ -108,7 +108,7 @@ class Expensify extends PureComponent {
             BootSplash.show({fade: true});
         }
 
-        if (this.getAuthToken() && this.props.appDataLoaded) {
+        if (this.getAuthToken() && this.props.initialReportDataLoaded) {
             BootSplash.getVisibilityStatus()
                 .then((value) => {
                     if (value !== 'visible') {
@@ -151,7 +151,7 @@ export default withOnyx({
         key: ONYXKEYS.UPDATE_AVAILABLE,
         initWithStoredValues: false,
     },
-    appDataLoaded: {
-        key: ONYXKEYS.APP_DATA_LOADED,
+    initialReportDataLoaded: {
+        key: ONYXKEYS.INITIAL_REPORT_DATA_LOADED,
     },
 })(Expensify);
diff --git a/src/ONYXKEYS.js b/src/ONYXKEYS.js
index e909a58e6128..560ae58c043a 100644
--- a/src/ONYXKEYS.js
+++ b/src/ONYXKEYS.js
@@ -9,8 +9,9 @@ export default {
     // which tab is the leader, and which ones are the followers
     ACTIVE_CLIENTS: 'activeClients',
 
-    // A key that is set when we are still waiting for the initial round of reports to load
-    APP_DATA_LOADED: 'appDataLoaded',
+    // A key that is set while we are still waiting for the initial round of reports to load. Once set it should not be
+    // false unless we sign out. If there are reports in storage when the app inits this will be `true`.
+    INITIAL_REPORT_DATA_LOADED: 'initialReportDataLoaded',
 
     NETWORK_REQUEST_QUEUE: 'networkRequestQueue',
 
diff --git a/src/libs/actions/Report.js b/src/libs/actions/Report.js
index ea05eddde8b8..cd3e7cfbe6fe 100644
--- a/src/libs/actions/Report.js
+++ b/src/libs/actions/Report.js
@@ -315,7 +315,7 @@ function fetchChatReportsByIDs(chatList) {
             // than updating props for each report and re-rendering had merge been used.
             Onyx.mergeCollection(ONYXKEYS.COLLECTION.REPORT_IOUS, reportIOUData);
             Onyx.mergeCollection(ONYXKEYS.COLLECTION.REPORT, simplifiedReports);
-            Onyx.merge(ONYXKEYS.APP_DATA_LOADED, true);
+            Onyx.set(ONYXKEYS.INITIAL_REPORT_DATA_LOADED, true);
 
             // Fetch the personal details if there are any
             PersonalDetails.getFromReportParticipants(Object.values(simplifiedReports));