Accounting Feature Discussion
Discussion List
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I hope the answer is equally as simple as my question! I had a customer pay with a check, which I deposited using my bank's app. The check bounced, however, so in the next day or two an equal amount was withdrawn from my account. With other accounting software, I've used "Income - Sales" to categorize both transactions, effectively recording th…
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I'm still waiting for Wave to offer us the option to view our recognized income based on cash received, not on invoices generated. As a freelancer I have dozens of clients that don't pay on time or at all sometimes and I can't get an accurate picture for taxes of what I actually owe instead of what Wave thinks I will owe. Let us choose how we re…
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Hello, I am just began to use Wave and I really like it. The option to link a transaction with the customer is very usefull specially for finance controlling purpose. Currently, I loaded almost two years of transactional information and link each transaction with the related customer and account. When I ran the Income by Customer report. I rece…
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In the past I could go to Reports and export simple lists to XLS, e.g. list of all invoices between a selected date bracket. I need this list for my accounting to easily crosscheck data. The only thing I can do is literally take screenshots of the invoice list - this can't be true?
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Is it possible to have say a profit and loss report shown in a Graph as well? I know there is a graph on the dashboard but it is quite ‘rough’. It would be great to be able to display a graph for the extent of profit and loss custom period with also the profit and loss values shown on a set interval. I hope the above make sense. J
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The fact that I now have to create transactions in order to merge receipts is pretty frustrating. If you want to keep the reconciliation pro of not allowing me to actually split into multiple transactions, the fix seems simple: Allow for multiple receipts to merge to a single wave transaction as long as they sum to an amount equal equal to that tr…
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Splitting transactions in the new Wave interface has become very difficult- I am unable to individually label each transaction within a split, nor am I able to include both an income and an expense. Both of these features were available in the previous version of Wave, and they are vital to my bookkeeping process. Will they be made available in th…
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When I mark an invoice as paid and then categorize my bank deposit as sales and identify customers from whom the payment came from, Wave duplicates the income, How can I prevent this? I don't want to leave the invoices showing as unpaid which creates other issues. What am I doing wrong?
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In my business, I buy raw materials (spices and nuts) and packing material (boxes/bottles) etc. I use them to create finished products (spiced roasted nuts that are bottled and boxed). All my raw material purchases are on my credit card. My questions are: * Can I mark all my raw material purchases in Wave as 'Cost of goods sold' since they ar…
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1) don't like the new Accounting > Transactions view. I could very quickly verify transactions and know when the Online balance agreed with the Verified balance. Using the "old" transactions I could perform weekly "reconciliation" in minutes. 2) Difficult to get reconcile to work because of time-stamp on transactions. Seems I have to change…
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Hi there, I am sorry, if there's a thread already highlighting this scenario, but a simple search couldn't return what I am looking for. Anyway, I'm just wondering if there's a way we could upload multiple receipts at the same time, using either web or mobile app? Thanks, Mo
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In the previous Wave, when I split transactions, I used to be able to write a custom description for each one. It appears this is no longer possible in the new Wave. Am I missing something, or is this how it works now? A simple example: * someone pays a $100 Wave invoice by sending me money via PayPal * PayPal charges a $3 fee * I send t…
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Hello I am new to Wave and i liked it. Just one thing i want to ask, how can we generate cash payment report (is payment received from clients) for a particular period ? Any ideas would be greatly appreciated. Thanks Ahmed
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I invoice on the 23rd for the following month's services, and invoices are due by the 5th. I noticed that on my Profit and Loss report, that the income is shown for the invoice date, even though payments received are in the following month. So, my income for January is all reported on 2018 December - etc. My invoices are all re-occurring, and ne…
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It would be great if the filters and buttons at the top of the screen where frozen, with only the transactions scrolling. Eg currently as I'm sorting and merging transactions, I need to scroll back up to the top of the screen each time to click the Merge button.
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In reports, (account balances) It breaks down total assets, and liabilities. But instead of it adding all into my accounts receivable, It adds cash on hand, bank accounts, checking, accounts receivable separately. IE. account receivable-1000. checking 200, cash on hand 500, bank account 300. instead of accounts receivable adding to 1000, it adds a…
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Hi there! When I buy some goods for salling them on future I put into Quantity amount of goods. But then I can't fid tis amount in any statement. Also when I buy 5 goods and then I sell 3 goods I see in P&L 'Cost of Goods Sold' cost for 5 goods, not for 3. May be I do somethinf wrong, Can you help me?
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Hello, I'm a new user to Wave and I'm really liking the Upload Receipt function. It helps keep my filing under control. It's great that the Transaction page shows you that a receipt has been uploaded for any given transaction, but there's no way to see that scan from the Transaction page. You have to go into the Receipts page and scroll around try…
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I was wondering, is it possible to link a manually entered income/expense to what it will show up from you bank connection. the reason this is important, is because we accept checks, and we want to enter the information about the manually entered payment right away, so it doesn't get confused who paid what, and also to send a receipt of payment, …
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Do you have any shortcut keys, for instance, to duplicate a transaction?
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I searched the forum and was surprised I didn't see this as a result. I had asked about it before, but wanted to formally present it as a feature request. I can't imagine we are the only company that needs to go back and search for transactions -- with keywords -- to be able to find a specific receipt? As it stands now, we have to upload receip…
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Hi, I am a current Quickbooks desktop user and I am always on the lookout for alternatives. I see Wave as promising but just not suitable yet for the businesses I operate. Given the fact that there is no job costing or even classes available for Wave, I could have probably worked around this with a hierarchical account structure. For example, a…
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Hi - I am trying to find out if there is a feature or a report that i can see on how many products that I have sold and how many units (i.e kilograms) of a specific product I have sold within a particular time window? Also It would be good to store the current stock levels and a way to reduce the numbers when it is invoiced.
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At the moment the system for selecting a range of dates has many unnecessary steps. It could take two or, if it is a repeat, only one. I am finding that when entering bank transactions for example (where it is not possible to link to the bank) you have to select the year, then bring the calendar up then select the start date and then confirm. Now …
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For some reason "details" is not included in the data that is exported. If it would be possible to do this, it would be an enormous help.
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Hi guys, quick one I thought of the other day, not even sure if its integrated already. But I own a mechanical repair business, and I tend to purchase parts to use for repair of vehicles and motorcycles, I wondered if it would be simple to have an Inventory/stock counter generated. It seemed a simple task from my thoughts as I personally use Bills…
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Is there any plan to add reversing journal functionality? This is a pretty common feature and helps people avoid double counting things like accruals when an invoice or bill actually hits. Thanks
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Hi All, When I first started wave, I made a mistake of importing some transactions into the wrong account. Ie: a liability account (credit card) rather than a cash and bank account. Fortunately, these imports are all expenses and nothing else so it didn't affect things until I look at my trial balance report at year end. However, now that I have…
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Hi I am trying to find out. Can I restore a backup or previous version of the reconciliations? In fixing an issue I had with stripe payments booked twice, I removed some payments. They did not unlink and instead deleted my fault for not realising. Is it possible to rollback to the day prior to the purge? Like restoring a previ…
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Hello, For my invoices I need to use another program but I would still love to use wave. When I would be able to upload a pdf invoice and add it this would be possible. Thanks in advance
