Accounting

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  • I had requested an amount XX to buy an asset on behalf of the company where I provide consulting services. So the the company transferred the agreed funds to my savings account, but later decision was made that the purchase had to be done by the company itself and thus I returned the funds transferred to savings account. Kinldy advise how do i r…
    Nilay_Shah 7 views 1 comment Most recent by Mikeg February 15, 2019 12:21PM
  • Hi! I am new in the community so hope I post my question to the right discussion chain! I was going though my bank account in wave and noticed that my bills are credited twice: the date I created the bill and the date the bill was paid. Screenshots bellow: I tried to correct it though Transactions, but there is no option to credit a …
    Julia1 34 views 4 comments Most recent by Julia1 February 15, 2019 7:49AM
  • I am trying to following the guidelines here: https://support.waveapps.com/hc/en-us/articles/115004964423-Bookkeeping-changes-to-Payments-by-Wave However, it's not working properly as I have NO Payments by Wave account. So, when I get paid through Wave, I have 3 transactions but all three are associated with my Cash on Hand account. I'm…
    TrueFireDesign 16 views 3 comments Most recent by TrueFireDesign February 15, 2019 5:01AM
  • Hi there guys. I have sold two items online and have posted them. I am trying to see where I can categorise the price of my postage costs but can't see anything. I was going to create a postage expense under operating expenses but according to google the postage costs isn't considered an operational expense, its considered an administrative exp…
    accounting4me 77 views 7 comments Most recent by accounting4me February 15, 2019 2:17AM
  • I rented a shop as barber I gave the landlord four checks to be paid across the year ( Jan, Apr, Jun, Oct). When I record the expense on these months the P&L shows a drop due to the transaction amount. Is these a way to spread the checks over the months. Eg if I pay a $3000 check I want to have it recorded $1000 for Jan, $1000 for Feb, $1000 f…
    Khaled 19 views 4 comments Most recent by amandak February 14, 2019 10:47PM
  • Hi, On dashboard in the box below "Bank Accounts & Credit Cards" it shows £2,266.59 Under Accounts > Transaction in the drop down box it shows £1,973.46 Why are they different?
    snappyfish 54 views 5 comments Most recent by JamieD February 14, 2019 6:13PM
  • How we can create one payment for two or more Invoices , because client is paying multiple Invoices in one payment and when we create payment there is single selection of Invoice.
    adminfb 21 views 1 comment Most recent by JamieD February 14, 2019 4:12PM
  • I am unsure how to characterize guaranteed payments made to my husband. He works full time for the business, while I do not. So he has a set $ amount in guaranteed payments above our profit split. We’ve done the paperwork on that as part of our partnership agreement to be on the right side of the IRS. But what is the right way to show his guaran…
    gudst01 29 views 3 comments Most recent by PaulC February 14, 2019 3:36PM
  • Is there a way to make the COA list accounts numerically, not alphabetically? It's pretty frustrating to add numbers to the accts that don't file numerically.
    blown572 14 views 4 comments Most recent by MitchellGillespie February 13, 2019 11:12PM
  • Hi, I have some questions regarding duplicate transactions. When I receive a payment in Check or Credit Card, there is a transaction for that Payment. And When my check/credit card payment clears, there is another duplicate transaction. How am I supposed to clear up this transaction? For example, 1. When I receive payment (Check) from a custo…
    rbtjd 50 views 5 comments Most recent by JamieD February 13, 2019 10:14PM
  • how does one account for the HST paid on a capital asset that will be depreciated?
    suekeetch 27 views 1 comment Most recent by JamieD February 13, 2019 6:43PM
  • Hi, I'm new in all this so sorry for newbie questions. I register Ltd. in the UK on January 28th this year, and I'm not sure when (my) fiscal year ends, on Jan 28, on Mar 31, April 5,6,... I suppose on Jan 31 2020?
    Cartmann 17 views 2 comments Most recent by Cartmann February 13, 2019 5:23PM
  • My organization uses Wild Apricot, a non-profit membership database. They have just recently added Wild Apricot Payments as their preferred method of payment to organizations who use Wild Apricot. If we do not switch to this new payment method, we will be charged an Payment Processing Fee that is quite steep. Wild Apricot does have integrations…
    NCLCA_Treasurer 22 views 1 comment Most recent by PaulC February 13, 2019 4:59PM
  • Hi, I have duplicate transactions as a result of scanning receipts and downloading through bank connect. I merge these, but was wondering whether there were any plans for this to be (semi-)automated? For example, if there are two transactions of the same amount with dates within a few days of each other, Wave querying whether they are the sa…
    Ubergeeksov 14 views 1 comment Most recent by Reza February 13, 2019 4:43AM
  • Hello All, I'm running a web Design business out of my house and I'm wondering how much I should be reimbursing myself for internet and cell phone expenses as they're both critical for the business. -Thanks in advance! Curtis
    embersmithllc 19 views 2 comments Most recent by Mikeg February 13, 2019 3:33AM
  • I am a day nursery owner in UK. We are expanding by acquiring a day nursery. Is it possible to record revenue and expenses by site so that I can see the profit and loss for the sites separately. Both the sites are under the same company and bank accounts. Thanks
    karsrim 6 views 1 comment Most recent by Charlotte February 13, 2019 2:17AM
  • How do I find my cash on hand and the receipts I sent from wave for my clients?
    alleypat 27 views 1 comment Most recent by Charlotte February 13, 2019 1:58AM
  • 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 went …
    alhakam88 107 views 1 comment Most recent by Charlotte February 13, 2019 12:02AM
  • Hi, Please see screenshot, from today 28th Jan. I've had "money in transit" since 1st Jan? This money is already in my bank?
    snappyfish 72 views 4 comments Most recent by snappyfish February 12, 2019 10:57PM
  • Hi everyone, Is it possible to set certain merchants to automatically go to certain categories? Also is it possible to make an account your default receipt account? I'm putting in travel expenses so the bus company will always be travel, cash in hand. Thanks in advance. Joe
    JoeCM 20 views 1 comment Most recent by Charlotte February 12, 2019 9:36PM
  • Hi, I'm a childminder and need to record meals taken by children as an expense (not charged for separately to care). Is there a way to do this easily as a reoccurring expense as I need to add different numbers of meals on different days.
    NatalieM 23 views 3 comments Most recent by Charlotte February 12, 2019 9:23PM
  • My purchases entered in to Accounts Transactions with GST/Sales Tax that is sales tax on purchases are not showing in Sales Tax Report. Please advise any way to rectify. Refer to screenshot below. .
    emeraldtrans 55 views 8 comments Most recent by greencloverfarms February 12, 2019 9:01PM
  • Hi i would like to know why can i export invoices to pdf but not reports?
    Erik1Du2Preez3 13 views 4 comments Most recent by Katie_Wave February 12, 2019 6:06PM
  • Hi, I am setting up a business which requires me to put some initial investment in. I have two questions which will help me get going by way of example. 1. I have purchased a car in the company name which is to be used in the business. How do I enter this into wave accounts. How about the depreciation? 2. I have banked £1,000 into my business …
    dvdlock 32 views 4 comments Most recent by dvdlock February 12, 2019 6:04PM
  • This is accounting 101, I'm sure, but I can't figure out how to ask this question to find the help article. I earn commission monthly. I pay a "professional fee" for an upgraded commission rate. I also pay for other expenses incurred (i.e. mailing). So commission - professional fee - expenses = deposit How do I account for all this in Wav…
    dnkubica 15 views 1 comment Most recent by Charlotte February 12, 2019 4:58PM
  • Hi, how do I record credit card payment that came out of my bank account to payoff the balance? Also, how should I record any credit card rewards? Thanks
    rbtjd 99 views 7 comments Most recent by Katie_Silkina February 12, 2019 4:56PM
  • Hi, I have a particular situation where you purchase something as an asset, but under the bill option there is only expense / COGS. Where can I add my purchase to an asset account? 2) If my purchase is for COGS item, I purchase it, it goes to COGS as expense, but at the same time doesn't it need to balance the inventory asset side? Which is we…
    Justin 904 views 34 comments Most recent by Katie_Wave February 12, 2019 4:34PM
  • I want to export my customers from Wave into a CVS format. Is there a way to do that? Thanks.
    arndtcellars 197 views 2 comments Most recent by amandak February 12, 2019 4:24PM
  • I just started using wave and so far I am very happy with it. One think I am having trouble with to reconcile accounts. I own a vacation home rental business and have 10 properties. I own 4 of those properties and operate them from 1 bank account, 1 own the remaining with two different partners and operate those from two bank accounts. I will have…
    beyatli 60 views 2 comments Most recent by Katie_Silkina February 12, 2019 3:35PM
  • I have been using Wave for very simple purposes of categorizing and recording expenses and income for several years. I have not reconciled and now I want to start from ground zero. Is there a way to NOT have totals carry over from last year? Thanks. geri
    geri 16 views 1 comment Most recent by Katie_Silkina February 12, 2019 3:04PM