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 473 views 11 comments Most recent by Charlotte April 22, 2019 2:45PM
  • If I try to change it to "Professional Fees" it becomes detached from the bill, making it UNPAID. But with this system I have no way of categorising expenses attached to a bill in any useful way...
    tomorrow 7 views 2 comments Most recent by tomorrow April 23, 2019 4:24PM
  • 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 444 views 8 comments Most recent by JamieD April 23, 2019 4:07PM
  • How come the expenses that i enter is not reflecting in the reports?
    jendylee 5 views 1 comment Most recent by Charlotte April 23, 2019 3:18PM
  • Hello there, I would like your help and guidance on how I can solve the following issue. We have customers who are pre-paying fo a year long subscription to our website. How we would like to treat it as is as follows: Assuming the subscription is $12 for 12 months, What we do now is to put $12 into liabilities and then remove $1 each month…
    mtopiwalla 5 views 6 comments Most recent by Mikeg April 23, 2019 2:38PM
  • Hi there, I live in BC where we have both two sales taxes: GST (recoverable) and PST (non-recoverable). When I record an EXPENSE using Wave (see my Shopify transaction), you can see only GST is marked as recoverable, even though I accounted for both taxes in my entry. For expenses, my sales taxes are behaving as expected. However, whe…
    youngstreet 10 views 4 comments Most recent by youngstreet April 23, 2019 2:55AM
  • 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 …
    andreayuriza 2.9K views 49 comments Most recent by Ryan_W April 22, 2019 11:20PM
  • kookoo
    I am setting up my first VAT registered company on Wave and, coming from Sage, I have a question about the various codes I used to use on there. I had the standard T1 for 20% VAT, T0 for 0% VAT and T9 for transactions that were left off the VAT return completely, such as journal transactions and certain financial transactions. Do I need to create …
    koo 14 views 3 comments Most recent by Ryan_W April 22, 2019 9:59PM
  • I want to enquire how does one record the assets and liabilities in wave as I am struggling to capture the new assets that was bought by my client? I recently started using Wave so I am still learning how to use it.
    bkkclient 1.1K views 16 comments Most recent by Charlotte April 22, 2019 8:55PM
  • When I make a payment to the government for my HST (sales tax) I had debited the HST Payable account and credited the Bank Account the payment was made from. The payment was made in January - but it was for the 4th Quarter owing - so Oct-Dec. But then I end up with an incorrect amount showing as owing for my next period (Jan-March) because I have…
    mage007 36 views 5 comments Most recent by Ryan_W April 22, 2019 8:25PM
  • My home currency is GBP. I had $422.87 in a "Cash - USD" account. I exchanged the whole $422.87 and got £304.28. . I entered a transfer of $422.87 from the "Cash - USD account" into my "Cash on hand" account. The "Cash-USD" account showed a balance of $0.00 which is correct but also a balance of -£38.49. How can that be? They should both be z…
    philip456 19 views 1 comment Most recent by Zoe_caff April 22, 2019 7:30PM
  • hOW WOULD YOU REFLECT SALARIES IN US DOLLARS
    barbarabritto 10 views 3 comments Most recent by Zoe_caff April 22, 2019 6:34PM
  • Has anyone figured out how to print journal entries/transactions from Wave. Any accounting system has this basic functionality for record-keeping but I can't seem to find out how to do this in this application!! Any help appreciated.
    AccountantRF 16 views 3 comments Most recent by Charlotte April 22, 2019 2:52PM
  • motmot
    Hi How do make a transaction where a guest paid in cash and I recorded in the invoice that it’s cash on hand, but later in the week I deposit the money into the bank?
    mot 2K views 21 comments Most recent by Zoe_caff April 22, 2019 2:24PM
  • I apologize if this has been addressed elsewhere. I'm new to accounting (academic starting up a side business) and new to wave. This might be more of an accounting question actually: what would be the best way to account for assets that a partner has contributed? Eg at the start of our business, I bought a bunch of ropes and climbing gear. This wa…
    nltc 15 views 2 comments Most recent by Charlotte April 22, 2019 2:09PM
  • I'm fairly new to accounting so please don't shoot from the hip! Long story short: * I started a small business recently; * I made several (lots) of personal purchases on my own credit card or own bank account (with invoices showing my name and not the company's) for the company, i.e. currently I own them but I want to them transferred to th…
    alexr 22 views 9 comments Most recent by Mikeg April 22, 2019 12:11PM
  • Can we create an expense group/ category and sub-group/sub category. For example: Category : Advertising and within this category a sub category could be: Print Media, or Trade show events or catalogs etc. How can we incorporate this? Similarly for Payroll and other major categories. Thanks
    raza 1.1K views 12 comments Most recent by socrates April 22, 2019 2:55AM
  • And the category is a REFUND for whatever category the transaction was. IE Refund for Inv_Yarn etc. I have to go in to EVERY SINGLE transaction and change it. I *feel like it happened with some update. I'm looking for a BULK way to edit them all 'backwards.' Has this happened to anyone else? Dana
    craftygirl 18 views 3 comments Most recent by craftygirl April 22, 2019 2:55AM
  • How do I move transactions between businesses?
    eyrobinson 23 views 2 comments Most recent by SammyWave April 22, 2019 2:54AM
  • Hi. I have a number of aliases for my main email address e.g. "[email protected]", "[email protected]" etc. I have successfully added and verified my main email address and one of the aliases ([email protected]), however, I am not receiving the verification email for another of the aliases ([email protected]). It is not a problem with junk/spam filtering. Any advice?
    MartynB 99 views 13 comments Most recent by Zoe_caff April 19, 2019 8:08PM
  • When recording that an invoice has been paid via the bank entry, Wave doesn't recognise the invoice because the currency conversion has delivered a different amount in the bank. I can record payment directly on the invoice but then I am forced to delete the bank payment or risk having two entries for the same payment. Any ideas on how else to reco…
    AustiAlison 51 views 3 comments Most recent by James_Hudson April 19, 2019 5:12PM
  • Hi Experts, I am new to the invoice process. If i have opened up an invoice in Wave, if my customer wish to cancel the invoice, what should i do? * Should i delete the invoice? If i delete, there is no way i can leave a remarks there. In the event for audit purpose, i will find it hard to explain to the auditor of why the invoice is delete…
    Veeco 13 views 1 comment Most recent by Zoe_caff April 19, 2019 3:54PM
  • HCSHCS
    Hi there, I'm new to small business/accounting and trying to set up Wave for a Partnership my colleague and I just established. I have two questions: 1) We are going to be sharing start-up expenses 50/50. I can't figure out how I should set up the Equity accounts to reflect this. Should we each have our own "Partner Investment / Drawings" ca…
    HCS 17 views 4 comments Most recent by Mikeg April 19, 2019 3:37AM
  • hello everyone. is there anyone able to create recurring journals? I have the same journals posting twice a month, and was wondering if there is away to copy the journals or save them as template so I don't have to enter all the details every time.
    MrLalo 24 views 5 comments Most recent by Ryan_W April 18, 2019 9:38PM
  • wave team , please could you look into this . i have recorded a payment for a invoice as cash payment for rs 400 . the same payment when i check in report shows as 399.99. the report i am checking is under Reports>> account balances>>. i am choosing cash on hand , and in repirt type i have chosen " cash and cash equivalent " This …
    madhuri 6 views 1 comment Most recent by JordanFromWave April 18, 2019 2:18PM
  • I am new to Wave. I am working on reconciling my first month of transactions for my small business. I have imported my transactions, categorized them, and marked them as reviewed. I then went on to reconciliation and entered my bank ending balance. The ending Wave Balance is 0 and shows a difference that is my ending balance of my bank account…
    pierangler 19 views 3 comments Most recent by Agent460 April 18, 2019 1:59AM
  • I can't see an option to design custom reports. Is it possible? Maybe, there's an add-on??
    AnthonyMA 24 views 6 comments Most recent by Rubenwollerich April 17, 2019 6:34PM
  • 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 891 views 28 comments Most recent by tshm001 April 17, 2019 5:33PM
  • I want to mark funds each month for taxes, equipment etc but I dont want to have to setup actual accounts and move the money. I've tried setting up a 'TAX Savings" account in the chart of accounts then using a journal transaction to move funds to it from my general bank account - that all works fine. However, now the general bank account's value …
    Convincent 22 views 2 comments Most recent by JamieD April 17, 2019 4:54PM
  • As far as I can tell, the search at the top of the Transactions page only searches descriptions. There have been times when I knew the transaction amount and wanted to search for all transactions for the same amount. Is that not supported? Happy to add a feature request post, if so.
    Just_Lurking 378 views 29 comments Most recent by asterix_le_gaul April 16, 2019 9:06PM
 
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