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  • Hello, Under the Reports->Sales Tax Report, I can see the VAT amount I should pay for all the invoices generated including the ones the payments are outstanding as of that date which I don't think is correct. Technically I should see a report with the ones I have received the payment and I have made the payment. Please share your thoughts or…
    Elangk 253 views 6 comments Most recent by Samd November 2, 2018 7:19PM
  • Hi- New art business. ( just graduated from hobby status-Yay!). Entered a local art show, with rules stating the art center would take a 40% commission on any/all sales. I sold two pieces. I received a check for 60% of the sale price. Do I just call the 60% net the sale price (easier, yes)? However, I would like to enter the original sale price a…
    Jed_Sutter 60 views 9 comments Most recent by Samd November 2, 2018 6:06PM
  • I've scoured the web looking for any documentation on setting up Wave for an ecommerce site, and have come up empty. Is there any documentation that Wave provides as a guide to setting up accounting for online product sales?
    bocachicabaits 76 views 1 comment Most recent by Samd November 2, 2018 3:54PM
  • Does anyone know how to post in wave so that the tax calculates correctly?
    JonasB 17 views 1 comment Most recent by Charlotte November 2, 2018 2:19PM
  • Is there a way to write a proposal for work to be perform ? Thanks In advance.
    Acguys 61 views 1 comment Most recent by Charlotte November 2, 2018 2:16PM
  • I have entered the ending balance amount incorrectly. Is there a way to change it? My apologies for entering this twice. Just getting started. Not sure exactly where I put my other one. Admin please delete the other one.
    Johangn 19 views 2 comments Most recent by Johangn November 2, 2018 12:10PM
  • AC1AC1
    Hi, I am trying to pay dividends but I am a little confused the the various accounts to be created. First, I read somewhere stated to create "Dividends Payable" in Due to You and Other Business Owners. Is it required to create "Dividends Paid" in Retained Earnings? What are the transactions to be posted? Thanks!
    AC1 116 views 3 comments Most recent by Everesttaxandfinance November 2, 2018 2:34AM
  • Hi there, I am looking to add food expenses to an invoice and I am currently adding it as a line item under sales (i indicate this in the name of item description) Is there another way to do this? If so how?
    KristaNicole 14 views 1 comment Most recent by Charlotte November 2, 2018 12:31AM
  • Hi guys I have been using wave for a month now and it's time to log all my expenses. I just found the receipts app for IOS yesterday and it's fantastic. Before finding the receipts app I had planned to import my bank statement and log each expense that way. After doing a test receipt I noticed the expense is automatically added to expenses. …
    NinjaSkold 31 views 4 comments Most recent by Charlotte November 1, 2018 11:33PM
  • Hello, I'm just wondering if there is a setting where I can "close" off a GST period. Eg. it brings up a warning if I was to try to enter another transaction dated for a period where the GST has been filed?
    Nikita 8 views 3 comments Most recent by Charlotte November 1, 2018 11:30PM
  • Hello! This question is for anyone who has experience with this. I have a fix and flip business. I usually only have 1 or 2 projects going on at once and run them all out of a single business checking account. Because I really want to know stats on each individual project I am using the workaround of creating extra Accounts to keep track of eac…
    epitoma 40 views 1 comment Most recent by Katie_Silkina November 1, 2018 5:21PM
  • I tried adding new accounts to my chart of accounts. When I create one under expenses and then go to input a bill I can access it. When I created new ones under assets and then go under bills to input I don't see my new accounts as an option under assets. If I run my reports, they will be wrong. Why can't I see my new accounts?
    NRand 25 views 1 comment Most recent by Charlotte November 1, 2018 3:15PM
  • Hello! In 2016, there were a few bills that were only partially paid by the company I work for. For exemple, the bill would be of 620$ and only paid 600$ (why? I don't know). The vendor never asked for the rest of the payment. These bills are marked as unpaid and they still appear in the "Aged payables". Obviously, 2016 is a closed yea…
    GroJ 29 views 1 comment Most recent by Charlotte November 1, 2018 2:21AM
  • Hi. If I get paid for more than one invoice on the same day from various sources (not direct via Wave) I've found that Stripe will deposit these as a lump sum. So for instance I had 2 invoices paid on the same day, 1 for $495 and 1 for $185.90. The $495 was paid via my website and the $185.90 as a credit card payment via WAVE. After stripe fee…
    DaveyG 20 views 1 comment Most recent by Charlotte November 1, 2018 2:12AM
  • I stuck at the second month, no idea where it went wrong, please help, no one in support replies my email See Aug 2018 I have -89.65 different. I assume it's opening balance carry from July. I went in add an income, Personal net worth, as below: but I made it worst: I've checked every single transaction on my statement are matc…
    waveisawesome 51 views 1 comment Most recent by MerlinAccounts_UK October 30, 2018 11:31AM
  • Kindly advise me as to account purchased materials return to vendor and sales return from customers. Thanks and Regards
    suguspic 50 views 3 comments Most recent by suguspic October 25, 2018 2:34PM
  • How to do vat reverse charges in Wave?.
    ThePlayground1 45 views 4 comments Most recent by MerlinAccounts_UK October 25, 2018 1:12PM
  • Hi looking for some advice. I have two businesses setup in Wave. These two businesses are just additional branches but have their own journals, debt and are located in different locations. They also deal with some different location based expenses and vendors. It is essential to have them setup as two businesses so that we also have accurate r…
    ryanA 22 views 2 comments Most recent by ryanA October 25, 2018 11:37AM
  • I have a product that I digitally pay for an account balance, then buy different services from that account balance. Money leaves my account when I fund the supplier account, then when someone purchases an item from me, i need to process that somehow in the accounting. Can someone help me with the way i should process this Kind Regards S…
    StuartBlack 78 views 2 comments Most recent by StuartBlack October 25, 2018 6:43AM
  • 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 8 views 1 comment Most recent by Charlotte October 25, 2018 2:48AM
  • Hi, trying to understand how to enter custom-made inventory, for example art that was custom-made, not purchased. I understand the costs need to be accounted for in the COGS account as an expense and the item needs to be added to the Inventory account as an asset, but how is it recorded? It isn't a purchase or a sale, per se - is it a deposit or a…
    anarch 18 views 1 comment Most recent by Charlotte October 25, 2018 2:31AM
  • I have just started using Wave for doing our accounting for a community group. I want to start it from 1.7.18 but I am having trouble setting up my bank account with it's starting balance. It seems to only let me start my banking records from today's date. Any help appreciated.
    Marcy 39 views 2 comments Most recent by Marcy October 24, 2018 11:18PM
  • Hey Team, Just posted over here about following this help centre article, and I want to know, if I still want a bill for this item, even though it was paid for from my personal account, how do I add a payment? I followed the instructions to do the Journal Transaction, and then I thought I would just be able to add a payment to my bill and se…
    dpDesignz 19 views 4 comments Most recent by Tyler October 24, 2018 10:59PM
  • I am using the free version of waves accounting and I have noticed that my income Chart seems outrageous for some reasons unknown to me. This month however, it was quite obvious that income attributed to my business isn't so. What am I not doing or doing to make it so?
    Nini_75 14 views 2 comments Most recent by Charlotte October 24, 2018 10:49PM
  • Can you enter a loss and gain account
    barbarabritto 8 views 1 comment Most recent by apples October 24, 2018 10:47PM
  • We don't quite understand the reconciliation function. We enter the bank ending balance and statement date and sometimes find a difference for uncashed checks but no way to mark them as still outstanding in the Wave statement. It seems that the process works backward, instead of reconciling the Wave statement to the bank's, we reconcile the bank's…
    Delta_Fly_1976 27 views 4 comments Most recent by Delta_Fly_1976 October 24, 2018 10:45PM
  • Maybe I am confused... Is Wave meant to keep track of my PERSONAL finances / accounts using separate bank connections? Or is everything clumped together? For example: I have some personal savings accounts, checking accounts, and stocks. I would like to - if possible - keep things separated so that it is easy for me to see what is personal an…
    Just_Mark 150 views 1 comment Most recent by James_Hudson October 24, 2018 10:45PM
  • I currently have my TD Business Account and TD Personal Account tied to my wave back office when i move money/transfer funds from TD Business Account that are dividends to my personal TD account, how should i record these transactions, right now, it shows as a transfer between the two
    MMaynard 82 views 1 comment Most recent by apples October 24, 2018 10:05PM
  • Is there a way to change the settings to reflect an account that only sends quarterly statements? My savings account only sends qtrly, not monthly, but my other accounts are all monthly. If not, how would you handle reconciliation?
    Suzetteml 7 views 1 comment Most recent by Katie_Wave October 24, 2018 9:52PM
    barbarabritto 5 views 1 comment Most recent by Charlotte October 24, 2018 9:47PM