Accounting

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  • Hello. I have a bill that I entered which has line items for the products/services that I purchased from a supplier. I ended up paying that bill with a credit card. Wave has downloaded the transaction along with the other CC transactions. I went into the bill and marked it paid using that credit card. Now I have to transactions for the sam…
    jwalter007 14 views 1 comment Most recent by Ryan_W February 4, 2019 10:21PM
  • How do I account for a business loan that was already used for a previous year's expense? I have not started to pay it off yet. I. I want to show the outstanding loan amount as a liability on reports each month until it is paid off.
    JaeCNST 19 views 2 comments Most recent by JaeCNST February 4, 2019 9:46PM
  • I have my biz CC and my biz bank account connected to Wave. When I make a purchase using the CC the individual purchases are automatically imported where I can adjust and verify them. Then I pay the CC from my bank account. This is automatically imported as an expense. It's not really an expense, though, as the expense was recorded when I impor…
    PDA1964 30 views 4 comments Most recent by jwalter007 February 4, 2019 1:55PM
  • Hi There. I'm new to doing my own accounting and I need some direction. I automatically set my bank statements and my credit card statements to import into waveapps and it worked great. I had to manually enter older statements which I already did but I'm having one issue. I don't know how/what to classify my AX payments from my bank account. …
    Bicoastal 54 views 4 comments Most recent by JamieD February 1, 2019 8:04PM
  • I want to import my clients to mailchimp and also need to download all the data I can for my CPA but I see only the option to print invoices and such. This means I pay the CPA more money or I spend the time formatting that to an excel. Is there a way to export in a new file format? Thank you!
    elizabeth51 44 views 4 comments Most recent by MerlinAccounts_UK February 1, 2019 6:26PM
  • Hi, simple question. Can we customize Statement templates / layouts? (for e.g. I'd like to add banking details). Kind Regards D
    dve83 13 views 5 comments Most recent by JamieD February 1, 2019 4:18PM
  • How do you keep track of inventory in this app? If i make a sale and I create an invoice for example. The transaction is generated as cash on hand and sales (I assume as i can't see a full journal entry just the main description). So, Do i need to create a manual journal entry with merchandise inventory or cost of goods sold to keep track of the …
    lariosmotors 323 views 2 comments Most recent by JamieD January 31, 2019 9:56PM
  • Folks: I have an asset-based business where I own an asset that is rented out and I receive a settlement statement each month from the management company. I record this through a journal entry to record each month's performance. I've connected my bank accounts, and I end up with all these duplicate entries. As an example, I record an entry on t…
    captbrando 18 views 2 comments Most recent by captbrando January 31, 2019 8:23PM
  • I need to download information for the CPA and I can't find a way to download in a format they can use? I'd also like to download all my email contacts into a file I can import into mailchimp for mass marketing to clients? Thanks for the help!
    elizabeth51 23 views 3 comments Most recent by JamieD January 30, 2019 11:22PM
  • Hello I am not finding any options to transfer from personal to business. Please help me out.
    Dipanshu Tyagi 15 views 4 comments Most recent by JamieD January 29, 2019 11:18PM
  • Hello Wave Team, Wave has been a great application and we have been using it at our company for the last 4 years. We find it awesome and it manages all our accounting. We have a small suggestion to put forward. We deal with a lot of recurring bills every month including salaries, utility bills and other service bills which are mostly the sa…
    Zahir 28 views 1 comment Most recent by JamieD January 29, 2019 10:53PM
  • 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 38 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
  • 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 14 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 25 views 3 comments Most recent by ayam January 29, 2019 6:47PM
  • 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 5 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 35 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 96 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 18 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 18 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 88 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 53 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 4 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 153 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 429 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