Accounting

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  • Accounting is often seen as difficult territory for those of us non-CPAs out there, but learning how to perform the management accounting for your business is easier than you think (we promise)! With our Fearless Accounting With Wave guide, you can take the accounting for your business into your own hands and gain a better understanding of your bu…
    James_Hudson Announcement 689 views 12 comments Most recent by Hot_Glass July 6, 2019 4:39AM
  • Hi We're doing multiple projects for numbers of customers. Our questions are: 1. Is there anyway that we could track and compile income and expenses for particular project by using waveapp? 2. Is there anyway that we could track and compile income and expenses for particular customer by using waveapp? 3. Is there anyway that we could track a par…
    andreayuriza 4K views 65 comments Most recent by RachelKn September 16, 2019 10:30AM
  • OMBOMB
    Hi Everyone! New to the community so thanks for anyone's feedback it's greatly appreciated :wink: Quick question: I'm kind of in a bind when it comes to where I should allocate transfers from my business to personal account. I don't pay myself a salary but I periodically transfer monies from either account (vice versa). I'm using the "tra…
    OMB 1K views 6 comments Most recent by brazmus September 16, 2019 6:22AM
  • Hi all! My currency for the business is set to Tanzanian Shillings, but some projects are actually charged in US dollars. At the bottom of my invoice there is an automated currency conversion (Currency conversion: Sh562,864.72 (TZS) at 2251.4588905164) but this rate does not reflect the true exchange rate in town. Is there a way to change this co…
    jwareconsultingfirm 699 views 16 comments Most recent by dangosarecute September 16, 2019 12:35AM
  • This question was asked tangentially here: https://community.waveapps.com/discussion/82/adding-a-new-account-to-the-chart-of-account but it was not answered because the OP apparently had read-only access. Can someone assist: can I create a new account TYPE and how do I do it? I do have full read-write access to my account. Thanks all for any …
    zoomer 71 views 10 comments Most recent by jarthda September 15, 2019 11:55PM
  • All my payouts have been put on hold for a week now instead of being instant like they were previously. Is this a glitch or permanent change and how long are wave "holds"?
    Tcrand 84 views 4 comments Most recent by MitchBLUME September 15, 2019 11:20PM
  • Hello, I'm finding that when I forward my receipt to Wave - and I try to categorize it - I only see accounts of the Expense types. I purchased a large piece of equipment on a credit card, and I want to make sure that receipt / transaction is recorded as a fixed (capital) asset - Under "Propery, Plant, & Equipment". How do I tell th…
    RRTS 157 views 6 comments Most recent by JordanD September 15, 2019 6:36PM
  • Hi, I started using Wave a few days ago because I have a backlog of hundreds of receipts. I know how to add multiple receipts (drag and drop receipt photo onto the "Upload" page under Transactions) but I wonder if there is a limit to how many I can upload at one time? I just tried uploading nine receipts, but only 5 are currently proces…
    AlexToronto 9 views 1 comment Most recent by JordanD September 15, 2019 5:53PM
  • I have made a single payment from the business current account which covers several invoices (uploaded in receipts) from one supplier. However I am not able to split the entry of the single payment and then merge each split with the individual receipts in the transactions page, or at least I cannot see a way to do this. The only work around is to …
    JHRED1 35 views 15 comments Most recent by Irish September 15, 2019 2:16PM
  • Hi, I have been using waveapps for the past two years and I loved it. I used waveapps for my personal finance. I try to upload my bank statement to waveapps using .csv format. It usually works with sometimes I have to re-save the file in .csv format again to ensure no error. But now it does not working. It keeps give error that "Something we…
    alhakam88 186 views 13 comments Most recent by JArvis September 15, 2019 1:07PM
  • I am trying to manually add in some bills for design work I had done for my physical product business. However, when I got to "add bill" and begin to fill out the information, the preset "Expense Categories" in Wave are lacking. It should be simple for me to create my own category that better describes the expense, and yet, I'm…
    amazonfba_Wave 6 views 0 comments Started by amazonfba_Wave September 14, 2019 6:37PM
  • Dear sir inoticed that invoice date for the invoice which payment has been received cannot be changed. how to rectify. imade an invoice but wrongly used the date of 2018, there was no business in 2018 and its showing as opening balace in 2019. How to delete the duplicate invoice alam
    alam 7 views 0 comments Started by alam September 14, 2019 6:14PM
  • Sorry if this has been discussed before, but I can't find an answer in the threads. We recently registered for VAT and I followed the help guide on setting up Wave to track VAT. All our sales are to EU countries but despite creating the ECS and ECG sales taxes at 0% none of my sales to EU countries or purchases from them are showing in boxes 8 and…
    STSecurities 5 views 11 comments Most recent by STSecurities September 14, 2019 2:54PM
  • I often purchase stock photos for blog posts that I write on my site. Any idea what to categorize them under?
    itsmedrew 13 views 1 comment Most recent by Mikeg September 13, 2019 11:30AM
  • Hi, I'm new to Wave and not the best at bookkeeping and require help! I have a couple of questions- 1) How would I input items I have purchased for the business with my own personal money. 2) How would I pay my self back for the items I purchased. Many Thanks Chris
    One_Auto 7 views 3 comments Most recent by Mikeg September 12, 2019 10:36AM
  • If a family member or friend gifts money, how do I input this "transaction" under personal accounting?
    King 2 views 0 comments Started by King September 12, 2019 4:18AM
  • Hello, Is there a way to automate BILL NUMBER creation when creating new bills? Instead of adding the BILL NUMBER manually?
    TheZeee 11 views 4 comments Most recent by pgriffith September 12, 2019 3:51AM
  • I'm moving over from Quickbook and need to run reports based on an individual Customer. I used to be able to do this in Quickbook by running a P&L report and filtering by Customer Name., I can't seem to figure out how to show income and expenses for indivudual customers... Is there a way to do this??? Thanks
    bxeinc 120 views 3 comments Most recent by angienixon September 12, 2019 12:10AM
  • I just started using Wave today because one of the biggest problems I've had with other apps is the difficulty with depreciating my tools/equipment. So after a friend show me this article https://support.waveapps.com/hc/en-us/articles/208623506-How-do-I-handle-depreciation-and-amortization- showing how easy it is in Wave I decided to give it a…
    Jacob 427 views 6 comments Most recent by MerlinAccounts_UK September 10, 2019 11:18AM
  • In fall 2017 there was a post about the new version of Wave that was coming, and one of the highlight features was that we would have the ability to switch the sales tax report to cash-basis vs. accrual accounting. While I can't find that post, I can find people mentioning they have the new feature as early as January 2018 like here (https://commu…
    ACERescue 9 views 2 comments Most recent by ACERescue September 9, 2019 6:01PM
  • Hello, I am in the Netherlands and am a self employed sole trader. Whilst I cannot register my fuel costs on my private vehicle as an expense, I am allowed to claim back the sales tax on the fuel I use for business related travel. How would I do this? i.e. I want to be able to track the sales tax but NOT include the fuel bill as an expense. Any su…
    MMillsProjects 22 views 9 comments Most recent by AlexL September 9, 2019 5:59PM
  • Hello, I'm a new user to Wave and I wonder how to deal with an over-payment to a bill. If I have a bill for 500 and I've paid 700, the bill's balance shows (-200) because of the excess payment. This is good. However, if I enter a new $300 bill from the same vendor and apply a payment to it, I don't have a clue (unless I remember) that I have cre…
    hgomezc 501 views 17 comments Most recent by kkjjww46 September 9, 2019 12:21AM
  • I spend a lot of manual time creating disbursement ledgers with attached receipts for my clients. The current workflow is to (1) create a Wave Report for Client Reimburseable Expenses, filtering by client, and exporting to CSV; (2) export all receipt jpgs from Settings>Export (as this exports ALL historic jpgs, the resulting zip is getting bigg…
    geoteo 13 views 1 comment Most recent by BarsinA September 6, 2019 7:57PM
  • Hi i would like to know how can i see the total per category. For example how much i spent on restaurants, office supplies etc. I need the total amount of all the receipts in that category.
    GeorgeS 86 views 2 comments Most recent by BarsinA September 5, 2019 9:21PM
  • I created three businesses on Wave and want to consolidate some of the items. Wave lets me move transactions from the first business to the other two, but not from those two into the original business. How can I fix this?
    Elizabeth 1.3K views 31 comments Most recent by BarsinA September 5, 2019 8:37PM
  • Hi, For reporting purposes I would like to have a category titled "Travel" that is then subdivided in the report into "Meals", "Transport" and "Lodging". Is this possible to do in Wave?
    eneal2234 20 views 3 comments Most recent by EmmaP September 5, 2019 6:21PM
  • I am just beginning my business and have signed up for Wave. Prior to setting up Wave and my business bank account, I made some business purchases I want to include in profit and loss statements etc. What is the best way to do that? They were paid for using my personal bank account/debit card that aren't linked to Wave, but they were business expe…
    KarenBieman 23 views 1 comment Most recent by MerlinAccounts_UK September 3, 2019 10:58AM
  • Not sure how to delete this but I moved the conversation here instead: Home > Accounting > Accounting Feature Discussion > True split transactions. Mod: please feel free to remove this as I couldn't figure it out!
    Traek 19 views 0 comments Started by Traek September 2, 2019 6:45AM
  • Hello, I have a friend who has a private school and wants to know the best way to code everything. What would things like books, texts, games, toys, sporting equipment come under? We have a Printing and Stationery Code which is fine and Materials & Supplies. There is also a consumables, what would we use consumables for? Maybe crayons, pape…
    Sharlene 10 views 3 comments Most recent by Paul_davis August 30, 2019 5:19PM
  • I have a client that gave me a lump sum of petty cash to purchase items for a project. I deposited the cash into my main business bank account and used it for purchases. At the end of the job, I returned the leftover. What is the best way to account for this? The initial deposit isn't actually "income" and the purchases aren't actuall…
    BSProductions 11 views 3 comments Most recent by Mikeg August 29, 2019 9:48PM
  • The bills sorting function seems quite limited. On the dashboard it shows overdue bills, but on the actual bill screen, the sorting function only allows for sorting by vendors. Would it be possible to add a option to sort by overdue bills? I noticed you can sort by date, number, vendor and amount due, but payment status doesn't allow to be sorted…
    Gujustud 6 views 2 comments Most recent by Gujustud August 29, 2019 8:55PM