Accounting

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  • Hi there! I can't reconcile my statements. All the transactions are in there and correct, however it is not showing in "verified balance" even though they are verified. I saw previous posts about changing time zone. I have done that, changed to EST. Not sure how to fix this. Extremely frustrating and time consuming. !
    OneClub 36 views 6 comments Most recent by JamieD January 29, 2019 10:12PM
  • I get invoiced by a third party trainer who does work for me, can i upload the invoice they send me (pdf) as a bill? I have been trying to see if this is possible but cannot see how to do it. Appreciate any guidance Echeb
    Echeb 15 views 2 comments Most recent by Charlotte January 29, 2019 9:37PM
  • Is there any way of getting a spreadsheet of the bank data and corresponding account assignment? This would be all the data that I entered into the system. Do i own this data? I find it would be easier to work with this data in a spreadsheet because of the latency (time delay) that occurs when working with in my browser internet service. I ha…
    cybered 3 views 0 comments Started by cybered January 29, 2019 9:30PM
  • Hi, With the new update, how do one process payment of multiple invoices from one deposit?
    Frans 26 views 4 comments Most recent by AffordableFix January 29, 2019 9:28PM
  • Recently purchased new printer for my business, which is under a 5 Year lease, how do we record with wave, payments , value etc
    MMaynard 66 views 5 comments Most recent by jonnyjain January 29, 2019 9:22PM
  • Show the Account Hierarchy in the Chart of Accounts. For example an expense can be COGS or Expense, however this can't be determined without tracking where transactions end up on a report
    DMAjic 13 views 4 comments Most recent by DMAjic January 29, 2019 7:27PM
  • Product Development is in the expense category, but shows up under Cost of Goods Sold on the income statement. Can this be changed?
    DMAjic 14 views 4 comments Most recent by DMAjic January 29, 2019 7:27PM
  • My credit card account shows my balance as a positive and not a negative. Meaning the amount we owe on the card is showing as a positive balance in wave. So it looks like I have overpaid or something. How do I change this? What do I need to do for it to be accurate?
    Kerissa 24 views 3 comments Most recent by ayam January 29, 2019 6:47PM
  • Has anyone used Wave for a non profit entity?
    robertr 24 views 2 comments Most recent by Charlotte January 29, 2019 4:05PM
  • Hi there, I don't seem to be able to find any information on how to include this tax in expenses... Can someone explain a simple example. Say my profits at £1000 and I owe £200. How do I expense this so that is doesn't change my profits for the year, which are of course still £1000. Thanks Philip
    smallBiz 323 views 7 comments Most recent by harveydt January 29, 2019 12:00PM
  • Dear All Need assistance. At the navigation Chart of Accounts, i do create several'Income' ie 7 line. Unfortunately, 'Income' line only show 4 line item only. Please assist. Thanks & regards
    shah6870 3 views 0 comments Started by shah6870 January 29, 2019 8:17AM
  • Hello How can I debit a cash withdrawal against income? Essentially, some of cash I deposit isn't sales. I own a laundromat and customers use my quarter changer machines. Sometimes they take those quarters home. I take the cash from those changers and deposit the cash. However, I need to buy quarters to replenish the machines. I do not…
    zkaufman 3 views 1 comment Most recent by JamieD January 28, 2019 11:38PM
  • I've got a transfer from one account to another. When I imported my data, both sides were created, one transaction in account A and one transaction in account B. When I went to categorize them, I categorized one as a Transfer, and Wave automatically created another transfer transaction in that account. Now I can't merge the original transfer with …
    JoeBush 24 views 1 comment Most recent by JamieD January 28, 2019 11:12PM
  • Hello Everyone, I'm new to Wave and I have the following scenario that I need to handle: I'm self employed freelance consultant and I invoice my customers based on the consulting hours provided and expenses incurred for travel, hotel stays, metro tickets, etc. Since I invoice my customers the expenses incurred, I need to: 1) Declare th…
    Semmler 71 views 4 comments Most recent by JamieD January 28, 2019 10:58PM
  • My bank is GBP but the report transactions are in euros. How do I change this?
    dank007 13 views 1 comment Most recent by JamieD January 28, 2019 9:24PM
  • Hello All, I operate my LLC as a sole proprietorship. I have some expenses that have occured over the past year that were paid for using my personal credit card. I'm not currently pulling any equity out of the business accounts, so I don't actually want to reimburse these expenses, but rather treat them as additional investment into the busines…
    embersmithllc 17 views 3 comments Most recent by Mikeg January 28, 2019 1:00PM
  • Can you make a copy of a business? I'm trying to figure out a workaround to the lack of a budget feature. I thought we could create a new company for the budget only, but it would be a hassle to re-enter the chart of accounts.
    jlynnko 16 views 2 comments Most recent by jCove January 28, 2019 12:40AM
  • Is there a way to import a chart of accounts to a new company from a different company that is set up in my Wave account?
    jlynnko 56 views 3 comments Most recent by gabrieltomescu January 27, 2019 7:15PM
  • I'm trying to add an opening bank balance. I added a journal transaction and debited the checking account and credited owner's equity. However, on the balance sheet, the opening balance is listed down in owner's equity and not in the checking account. How can I fix this?
    mekzt2 37 views 1 comment Most recent by gabrieltomescu January 27, 2019 7:12PM
  • Inward Credit ones credited changed to invoice payment, After the upgrate that does not work anymore, I cant credit incoming invoices any more Also Sales and Transactions, outstanding overdue invoices are still red but because I cant credit inward payments the dont disappear from my screen any more What to do? wish they would have let the old on…
    Wavemike1944 3 views 0 comments Started by Wavemike1944 January 27, 2019 3:18PM
  • My wife and I own a small business together, and for federal tax purposes we are considered a partnership. I am looking at the new wave Chart of Accounts in the equity section, and I wonder if I am not doing the draws and distributions correctly. It looks like equity is now broken into two categories - see what is circled in red in this screen s…
    SBP_PWS 106 views 3 comments Most recent by Mikeg January 27, 2019 4:05AM
  • I'm stuck on Account Reconciliation or just not sure how to use it. From what I understand is it will compare the Start and End of your bank statment and show the difference. So I've managed to do 6 months where the Start and End didn't change. Then I had a cheque come in and I also paid for some sub-contracted work within the same month…
    knightknight 364 views 9 comments Most recent by Ryan_W January 25, 2019 7:54PM
  • When I export my reports (e.g. Profit and Loss), there is a SGD (singapore dollar) together with the value. Hence it is difficult to calculate the numbers in excel. How can I remove the country currency?
    Alan_Tang123 17 views 1 comment Most recent by fabianoa January 25, 2019 3:25AM
  • I'm new to accrual accounting and a little lost on how to enter my income in Wave. My services come in packages of sessions. Every product is paid for in full up front, and then used hour by hour over six months. We don't do invoices at all. So, when I receive an order, should I be placing it in a Liabilities "Customer Prepayments" account? And th…
    pterabite 99 views 3 comments Most recent by Mikeg January 25, 2019 12:02AM
  • I run a small online retail outlet and have been using wave for the past 7 months. When setting up I wasn't sure whether I needed to use 'Inventory' or 'Cost of Goods' when categorizing transactions from suppliers. Now that I have explored my reports a little more depth it's possible that I might have been using the wrong expense category. The des…
    JS7319 46 views 3 comments Most recent by Kyle_C January 24, 2019 9:41PM
  • I am leasing a vehicle for the next 4 years so have a long term liability for the payments. I can’t find instructions on how to add this. I have added the account under chart of accounts. I now assume that I create a bill for the whole lease balance. But the long term liability doesn’t come up as an expense category.
    Rube 52 views 4 comments Most recent by Rube January 24, 2019 7:00PM
  • Recently, I helped a friend to start a new account on Wave and was surprised to see that the interface has changed to the new one. But mine remains the same. How do I migrate to the new UI? Thanks, Zahir
    Zahir 133 views 8 comments Most recent by Dexterquinto January 24, 2019 4:03AM
  • My refunds from suppliers from my bank statment shows up as a minus but in green whereas my receipt scan also a minus amount Is in red and they wont merge into one transaction.HELP!
    John_53 20 views 1 comment Most recent by Samd January 23, 2019 9:49PM
  • Last year I had someone steal my paypal debit card number and make some big charges. I disputed the charges and won, but those charges (and the settlement amount) are still listed on the account history, both in Paypal and in Wave. I'm not sure what to categorize either of those transactions in Wave. Any ideas?
    JoeBush 26 views 3 comments Most recent by Samd January 23, 2019 9:36PM
  • Hi guys, Sorry for the basic accounting question but how should I categorise rent expenses? I charge my business a monthly fee to reimburse myself for the cost of power/internet etc at home, and I've been adding this fee as an account payable in Transactions. It's not showing up in the Aged Payable as overdue amounts, which makes me think I'm c…
    Ajsmith 18 views 4 comments Most recent by Ajsmith January 23, 2019 8:25PM