Accounting

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  • Hi, I would like to know if I can get a vendors statement using Wave. Could you please help?
    GSERGIOU 1 view 1 comment Most recent by Ryan_W January 9, 2019 10:00PM
  • Hi, I have used the data export function and it exports everything I have loaded. If I only want to export a specific data set (like one month of transactions in particular), can I do that?
    Kilkea 2 views 0 comments Started by Kilkea January 9, 2019 9:26PM
  • Hi! I do not use a business bank account I am currently using a personal account for business expenditure and income. I am very confused as I have been withdrawing personal money within the personal account to my savings account and also depositing money from there also. I would like to know what to mark these transactions down as? Ple…
    ChristmasCount 22 views 0 comments Started by ChristmasCount January 9, 2019 9:12PM
  • Hello, I am trying to reconcile uncategorized transfer payments between my different bank accounts and for the most part it is really straightforward, but for some, the steps that I take do not work. 1) Click on one side of the transfer 2) select Bank Transfer from the dropdown 3) Select the corresponding transfer transaction 4 The uncategori…
    Lilladyvinyl 25 views 2 comments Most recent by JordanFromWave January 8, 2019 9:57PM
  • I connected my bank, and it pulled in my long term savings accounts (Retirement and Tax Free Savings Account). I want to put my TFSA into my 'Cash and Bank' category, but it won't let me change it's allocation. I want to do this, because I just transferred money out of that into my bank account, and I can't set up the 'transfer from, transfer to' …
    Jordan_Taylor 13 views 0 comments Started by Jordan_Taylor January 8, 2019 9:07PM
  • we are a privately owned fishing camp with 9 members. We do not send invoices, have any inventory, need a record of either short or long term assets, or worry with depreciation or amortization etc. I do need to keep track of members dues or guests payments and what we spend on utilities or repairs. So I many of the default accounts just are un nec…
    lwebb 21 views 4 comments Most recent by JordanFromWave January 8, 2019 8:50PM
  • When I verify a receipt, it posts it to accounting, however there is nearly always another transaction there that has automatically imported from my bank account, is there any way to merge these? Otherwise I end up with two transactions with screws with my accounting My work around might just be to disconnect my credit card from Wave as then I'…
    JonGrilli 22 views 2 comments Most recent by JonGrilli January 8, 2019 9:43AM
  • I am new to Wave and, having outgrown the spreadsheet approach to managing two small businesses, I'm giving Wave a go. One of my businesses is a cottage rental, which involves an "account" with what is essentially a property and rental management company. I receive monthly statements, which (to simplify) include: * Any expenses incurred, tha…
    DaveB 21 views 2 comments Most recent by DaveB January 8, 2019 1:10AM
  • I have several transactions which are linked to the same Chart of Accounts category, but I need some way to allocate them to a subcategory. For example, I have transactions under a category called "Activities Income", and I need to specify further to which particular activity it is linked. I seem to be stuck on how to solve this: Option 1: Hi…
    SMCSG 96 views 8 comments Most recent by JordanFromWave January 7, 2019 11:06PM
  • I'm new to Wave and very frustrated. I can't get my credit cards to download (a whole other issue), so I made Journal Entries to reflect the charges for the month, with each charge on the statement as an expense to the right expense account. In the General Ledger, the entries show up exactly as entered, but when I run a P&L, some individual …
    sherricoffelt 13 views 0 comments Started by sherricoffelt January 7, 2019 9:47PM
  • I'm looking for some insight into the GAAP (Generally Accepted Accounting Principles) on how to draw inventory items from a sole proprietorship for personal use. For example, I bought a T-shirts through my business as inventory for $10. I later realize that I just want to use it myself. Do I just CR Inventory and DR Owner's Investment/Capital? …
    waver 14 views 2 comments Most recent by waver January 7, 2019 6:58PM
  • Hi... I am new to Wave. in my business, i was OLD SCHOOL and I use to put all my receipts in separate envelopes and log them in a journal weekly.. Then at the end of the year when i do my taxes, i add up all my receipts for the different categories and get totals for each. I joined wave a few days ago.. I downloaded many of my receipts and pic…
    Arly 32 views 1 comment Most recent by Charlotte January 4, 2019 3:04AM
  • I just finished inputting products into wave and now need to duplicate them into another business. Is there an easy way to do this?
    rmerali 11 views 0 comments Started by rmerali January 3, 2019 11:27PM
  • Hi everyone, I'm new here and I'm Actually quite confused about the difference between Bills and Receipts. I've paid for an online service but I'm not sure where should I record it. It's easier to be uploaded as a receipt but the problem is that Wave converts currencies automatically, which sometimes being inaccurate. Furthermore, in receipts, …
    abdulrahman 26 views 0 comments Started by abdulrahman January 3, 2019 9:33PM
  • I do the accounting for a Cub Scout Pack. I have money that comes in which is categorized as an income account. Then I create an expense account when money goes out. How do I tie the two together. For example, we have an event. I collect money for that event, that money goes into an income account. We pay the vendor for that event and when the…
    srbruyneel 12 views 0 comments Started by srbruyneel January 3, 2019 6:20PM
  • Hello, I'm putting aside a fixed amount of money each month for my small business to pay for a large expense at the beginning of each year. It remains on the current account, so at the moment it is considered in the profit&loss. My financial year ends 30/06/2018, but the expense will only be paid in Feb 2019. I would like to show that it is n…
    naylag 56 views 6 comments Most recent by Georgem January 3, 2019 12:45PM
  • Hello I am new to Wave and to accounting. Please pardon my ignorance if this is obvious or already answered previously. * I created an LLC in November (let's call it XYZ LLC). This is a single-member LLC. I set up a bank account for this LLC. * I transferred $500 from my personal checking account to the LLC checking account. I have two q…
    geebee 21 views 3 comments Most recent by Ryan_W January 2, 2019 4:16PM
  • Hello, I want to delete a "source record" for a transaction so that I can change the "category" for the transaction. Are there any repercussions to doing this?
    ovhenderson 11 views 1 comment Most recent by Ryan_W January 2, 2019 3:51PM
  • I want to file my receipts and inventory but there are only certain categories on the list to choose from. I have a construction business so I need a category that says Equipment. Can I creste a catagory?
    Arly 11 views 1 comment Most recent by Kimpton January 1, 2019 6:44PM
  • Can you explain how to categorize owner equity and withdrawals from a business checking account. * I will be opening up a separate business checking account. Say I plan to deposit $2000 from my personal money to have some operating income for the business. How would I categorize this? * If I make a future deposit of from personal funds, ho…
    Salvy1959 1.3K views 4 comments Most recent by Mikeg January 1, 2019 1:15PM
  • dear developer, how can i add opening balance in wave manually .. because i recently transfer from another software and i have all closing balace (balance Sheet) in pdf format but how can i add them in manaually.. and also suggest me that how can i maintain my inventory records in wave.. in case of share trading business... suggest me .. wave is…
    DineshSitapara 35 views 0 comments Started by DineshSitapara January 1, 2019 9:19AM
  • I'm attempting to follow the instructions laid out in this Help article: https://support.waveapps.com/hc/en-us/articles/208622606-How-to-import-past-transactions-from-your-bank-or-credit-card-account I've connected all the accounts I want to track, and downloaded all the transactions that my bank allows (all per step 1.). When I attempted ste…
    DaveB 12 views 0 comments Started by DaveB December 31, 2018 11:40PM
  • How would I go about adding construction tools and equipment to both the Property, Plant and Equipment section and how do I set up a depreciation and Amortization for this items?
    BHCNR 51 views 2 comments Most recent by Ryan_W December 31, 2018 9:21PM
  • Hi, this may be more of an accounting question, but previously I would enter checks as deposit transactions in an undeposited funds account, then enter one expense transaction named "transfer to general fund" for the total amount of the checks. When the deposit I made downloaded it would automatically match that undeposited funds expense transacti…
    NCCWarriorstreasury 21 views 1 comment Most recent by Ryan_W December 31, 2018 4:40PM
  • I want to include interest charges on overdue invoices when I send out customers statement of account. How do I do this?
    lindiricher 194 views 3 comments Most recent by Brit December 31, 2018 5:01AM
  • Need help with accounting for 'drawings' or taking a draw by the owner. When I try to do this and try to take from my main checking account Wave says that all of this type of transaction must pass through a equity account. Say What?
    paul_logan66 79 views 6 comments Most recent by ovhenderson December 29, 2018 12:05PM
  • Hello, I have been using QuickBooks Online for the past four years and have all my customers (about 500) there. How can I import all my customers from QB Online to Wave?
    ChiefGeek 22 views 2 comments Most recent by ChiefGeek December 29, 2018 4:04AM
  • The only way that I have found to add a new account is to edit the name of an existing account. However, when you run the Income Statement, the accounts do not come up alphabetically. Is there a way to sort the accounts on the statements?
    lizann 11 views 1 comment Most recent by Erik December 28, 2018 8:46PM
  • I accidentally created the same customer twice (with variations in the name) and I've already billed them and received payments using both customer names. Is there a way to merge these customers? Or do I need to manually recreate the activity on one in the other? Haven't tried deleting either because I'm scared of losing their billing and payment …
    Nike 77 views 5 comments Most recent by harperwharris December 28, 2018 8:03PM