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 663 views 12 comments Most recent by Hot_Glass July 6, 2019 4:39AM
  • 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 3 views 0 comments Started by Sharlene August 26, 2019 5:51AM
  • How do I print out a copy of my transactions?
    plkidd2 6 views 3 comments Most recent by amandak August 25, 2019 7:09PM
  • A former employee had signed us up for Wave last year, and has recently left the company :/ I am now trying to get my bearings with the system as it isn't the most user friendly compared to others I have used in the past. I need to print out an expense report with all my receipts, and I'm not finding anything. There aren't any Help subjects eith…
    CIwanenko 12 views 1 comment Most recent by amandak August 25, 2019 6:00PM
  • 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 1.7K views 20 comments Most recent by gary_brown August 24, 2019 2:26PM
  • Hi there, How does one end your financial year and start the new financial year. In my case my financial year ended 28 Feb and the new one started 1st March. Does wave close the books?
    Diverse 1.7K views 15 comments Most recent by LisaAW August 24, 2019 6:03AM
  • Hello, I really like the Expenses Breakdown graphic, really visual! The Australia financial year is from 01/07 to 30/06 each year, so it means that I can't have an overview from the last 6 months expenses. Would it be possible to add an option Last Year or Last 12/24 months for Expenses Breakdown ? Thank you Fanny
    SoFreo 17 views 2 comments Most recent by imxpert August 23, 2019 2:03PM
  • Hello just wanting help getting step by step instructions on how to set up a loan that my company made to another company in wave, so now i need to set it up in wave. It needs to include interest as the company is making interest and principal payments now. I just don’t understand how you list the actual loan itself and then how do you apply pay…
    TMBHoldings 9 views 0 comments Started by TMBHoldings August 23, 2019 2:44AM
  • I'm very new to Wave and just issued my first refund using Wave. I have refunded $100 out of $250 back to a student. Their invoice originally said 0.00 due after they paid the 250. Now after the $100 refund it says $100 is due. I'm confused...
    marpie76 696 views 11 comments Most recent by ckeen_1244 August 22, 2019 7:18PM
  • It may seem an age away but if you're not planning on filing your 2019 tax return via HMRC's online service or through third party tax return software you've only got until 31 October to get your return in to HMRC - miss that date and you'll either have no choice but to file digitally OR pay a fine for filing late on paper. We process all our cli…
    MerlinAccounts_UK 6 views 0 comments Started by MerlinAccounts_UK August 22, 2019 11:45AM
  • Is it possible to generate a chart showing the total balance (for a specific account and/or total) over time? Similar to the Cash Flow or P&L charts on the Dashboard screen.
    m1cr0ch1p 5 views 0 comments Started by m1cr0ch1p August 22, 2019 11:30AM
  • Hi, I have a friend who is a teacher and has started her own Montessori Homeschool Business and my question is, is Class Materials classed as Cost of Goods sold?
    Sharlene 7 views 2 comments Most recent by Sharlene August 21, 2019 11:00PM
  • 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 69 views 3 comments Most recent by dtoure August 21, 2019 10:24PM
  • JDKJDK
    I uploaded all my receipts up until end of July of this year. not sure what happened but it put stuff everywhere. Is there an option to just put them as an expense for each month period to see it against my income. Like on the graph chart and such. I still run paper for everything but would like to switch to all digital. for some reason it double …
    JDK 6 views 1 comment Most recent by JDK August 21, 2019 3:09AM
  • Hi there, I've tried uploading the one receipt 4 times, and each time it has stayed stuck on the Processing status. Admittedly, it is not a proper receipt but it is the best record I can find of a past transaction, so I need to find a way to upload it as a placeholder for now. Can anyone please help me find a way to delete a receipt that is stuc…
    JessieBrebner 7 views 0 comments Started by JessieBrebner August 20, 2019 7:36AM
  • I have an account (Cash on Hand BZD) and has the correct ending balance and the correct dates. The balance sheet does not fetch this balance when updated.
    alexieleon 4 views 0 comments Started by alexieleon August 19, 2019 4:20PM
  • Hi everyone, My associate and me both do billing independently of each other and although a certain portion of what we bill goes to a common bank account, the big majority of the amounts someone bills go to that person directly. Currently, all of our payments from Wave are made to a single bank account and the constant splitting of the money that…
    antoinedl 12 views 1 comment Most recent by Zoe_caff August 19, 2019 3:04PM
  • I'm trying to figure out how to account for a "refund on an expense." The system automatically categorizes it as "income." How to do I account for the receipt and remove the amount from the expense category that it originally came out of? I see no "refund on an expense" category in Wave. If I have to create it, does …
    Cherapple 680 views 6 comments Most recent by AuroraRetail August 19, 2019 9:40AM
  • Hi there Can anyone help me how I can pull a Trial Balance report from 1 March 2019 to 18 August 2019, for examples. Wave does not seem to give the option of a starting and finishing date?
    Kirsey 6 views 0 comments Started by Kirsey August 18, 2019 3:50PM
  • 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 157 views 11 comments Most recent by alexlewiszarkos August 16, 2019 8:18PM
  • I'm trying to edit my credit card reconciliation date. It shows that the end date is June 30th, but the actual statement date is June 6th to July 5th. After doing some searching online, I changed the time zone on my computer (I saw that this was fixed but figured I'd try anyway), I have created an owner's equity start date of June 6 and have don…
    daisyinthemud 21 views 3 comments Most recent by alexlewiszarkos August 16, 2019 7:48PM
  • My receipts are not being read by my phone as it did last year. I get the pic but on my phone must manually enter Vender names , dates, amounts. What am I doing wrong?
    Vendetta1951 18 views 3 comments Most recent by alexlewiszarkos August 15, 2019 6:12PM
  • Can I create sub-accounts, as well as accounts?
    Valerie Kabat 1.2K views 46 comments Most recent by MerlinAccounts_UK August 14, 2019 1:20PM
  • We have 3 investment properties managed by a Property Management company, they collect the rent, take off various expenses then send the rest as one deposit to the bank account. Our bank account is linked so we see the final deposited amount but need a way to account for the various expenses which I can do as we have for utilities for each propert…
    Limestone 279 views 7 comments Most recent by olingerrentals August 13, 2019 4:29PM
  • So I took out a loan for $8400 back in January and set up a liability account for it, and when the $8400 was deposited in my bank, that transaction was categorized as a transfer from that loan liability account. However, there is a $503 loan fee that is added to the $8400 principal that I also need to pay for. The liability account only accounts …
    CultureGap 20 views 7 comments Most recent by Mikeg August 12, 2019 12:22AM
  • A family member helped me pay off a business loan. Now the business needs to pay her off. Because she paid off our business loan with a check made out directly to that lender, this payoff transaction will not show up as a bank transaction on our business account. So, I don't think it would be good business practice to keep using the existing lia…
    CultureGap 10 views 3 comments Most recent by Mikeg August 11, 2019 11:37PM
  • 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 18 views 7 comments Most recent by Myron August 9, 2019 6:54PM
  • 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 3.8K views 62 comments Most recent by Myron August 9, 2019 6:51PM
  • Hi! I set up my business in Wave, and I like the interface a lot. However, my state (WA) is unusual in that it levies a "Business & Occupation" tax on all business income (i.e. a tax on gross receipts). My LLC reports quarterly, and all of my invoices are subject to the same 1.5% flat tax. I want to set up Wave to keep track of t…
    SurrendertoCanada 11 views 1 comment Most recent by Mikeg August 9, 2019 12:09PM
  • Just started using Wave and love the platform. Apologies in advance for the basic question and if it's already been answered previously. I've recently made a purchase on my personal VISA for some office supplies (my personal account is not linked in Wave, only my business account). I then transferred money from my business to my personal VISA to…
    MironD123 39 views 15 comments Most recent by craftygirl August 8, 2019 9:23PM
  • Hi I changed the fiscal year end to June 30th and when you go to report for the firs time it takes the correct date duration from previous year to this year, (please check the attach images) but when we select different year or even the same year again it start and end dates change to Jan 01 to Dec 31st (Image)
    VinR 61 views 8 comments Most recent by JamieD August 8, 2019 8:08PM