Accounting

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  • Hello, Is there a way to export the details of receipts entered in addition to the images of the receipts? When I go to Data Export and choose receipts, it only includes images of each of my receipts, but none of the details such as Notes. Additionally, I see that when a receipt is uploaded, a transaction is created that is linked to the rec…
    nickman55 11 views 5 comments Most recent by Ryan_W November 13, 2018 8:55PM
  • I'm new to Wave and am totally clueless when it comes to accounting (probably shouldn't be doing my own books!). I've just linked up my bank account to my personal profile on Wave and am now trying to transfer over the various business expenses that I've incurred on my personal bank account. How do I do this? I've searched for articles but none of…
    Carey_S 378 views 7 comments Most recent by Ryan_W November 13, 2018 8:27PM
  • I would like to break the marketing expenses associated with different income sources into categories and subcategories. What would be the best way to do so? John
    clancularius 25 views 3 comments Most recent by Ryan_W November 13, 2018 5:03PM
  • As 25th May looms closer, I need to get my GDPR information into line. Does anyone know how Wave is dating with GDPR? As you may know, if you deal with any personal data concerning someone in the EU (customer, supplier or anyone), GDPR applies. Breaches of GDPR mean a fine of 4% of your global turnover for the first offence, where you are ba…
    Innopsis 886 views 29 comments Most recent by JamieD November 12, 2018 8:54PM
  • Hi all, I am wondering if there is a way to reorder the memory of services/items in the drop down menu when you create a new invoice? I found the Products&Services tab under sales, which allows me to edit or delete previous services/items... but I cannot delete the now irrelevant service/item without editing old invoices and removing this i…
    ER_Clapham 1 view 1 comment Most recent by JamieD November 12, 2018 8:41PM
  • I need to print a receipt and mail to the customer on a monthly basis as email is not available to him. I can find the function to print an invoice but where is the print function for a receipt? Thanks.
    eliteacchk 290 views 5 comments Most recent by JamieD November 12, 2018 4:54PM
  • Does anyone know if you can change the font and color of text in your invoices, statements etc?
    ggdesigns 33 views 1 comment Most recent by JamieD November 12, 2018 4:09PM
  • My client receives deposits from online services like Square that take out their fee from the deposit. Is it possible to split the transaction into the full amount of the deposit and charge the expense for bank fees?
    jkomoto 21 views 1 comment Most recent by JamieD November 12, 2018 3:49PM
  • Does anybody know if Wave are talking to the UKs HMRC with regards to the pending new reporting regulations that are coming in in 2019. That is the fact that the UKs HMRC are going to expect any company (or individual) who's income is greater than the UK VAT Registration threshold (currently £80K pa) and those that voluntarily register for VAT …
    kirby 295 views 1 comment Most recent by CamulTree November 12, 2018 2:48PM
  • Hi, I wonder what's the best way to hanlde a receipt that has been paid with multiple payment method? How about a receipt that has multiple category items? Maybe post it and then split the created transaction?
    Morayfield 13 views 3 comments Most recent by Sahapoom November 12, 2018 2:04PM
  • dondon
    Hi, I'm just trying out Wave to manage my small home-based business expenses. I'm really only using it (so far) to manage my expenses and keep track of receipts. I'm wondering, how easy is to go back and look up/search and view a receipt a receipt that I entered in the past. I know I can run a report to tally the total for that expense category…
    don 156 views 7 comments Most recent by ReportingIn November 11, 2018 9:01PM
  • I found wave because I was looking for the ability to send an invoice to a client after my computer died. I do freelance work for a few people who do town planning and environmental assessment. My job is to submit applications to local authorities, and then do follow ups as per the status of such applications. I also do a lot of collections/…
    Montague 70 views 9 comments Most recent by Erik November 9, 2018 5:35PM
  • Hi All, Our business is a partnership LLC. The partners receive distributions directly from one of the companies checking accounts each month. I am trying to get help on how to classify those distributions so they still count towards our net profit as were taxed by passthrough. Right now I have them all classified as a special line item until I…
    pmcintosh26 26 views 1 comment Most recent by Erik November 9, 2018 3:40PM
  • This discussion was created from comments split from: Which Invoice Template is right for you?.
    System 31 views 3 comments Most recent by NWTC November 9, 2018 9:23AM
  • Hi there, I'm still learning to use the software and accounting terminology... Please could someone tell me how to upload a receipt for "materials" purchased to do a project? and also how to allocate that expense to a client invoice number? Thank you in advance, Kind regards Ty
    Ty_7140 11 views 3 comments Most recent by ArthurMak November 8, 2018 8:22AM
  • Hi, I'm new to Wave and was wondering if there is a way to split an expense into 2 or more different categories?
    Maggied 22 views 2 comments Most recent by Maggied November 8, 2018 8:20AM
  • I'm helping a friend manage the finances of her MLM business. The MLM company collects the sales tax from the independent consultants. So when the consultant purchases inventory, it includes Sales Tax. When I enter a Bill for inventory purchase, I add the appropriate tax. However, when I run the Balance Sheet, the Inventory balance now include…
    rmbk 11 views 1 comment Most recent by Tyler November 8, 2018 12:48AM
  • Hi, my name is Sarah baird, I have just started using Wave this past week. It has been great. I got stuck with adding Account Opening Balances, and have now just worked that out. But as we are a new Business and only in our second year, our first year ran at a loss e.g Our Purchases and Expenses were more than our Sales/Income. So we have a Lo…
    sarahjane_3 65 views 5 comments Most recent by apples November 7, 2018 3:36PM
  • Hi, I thought when goods are purchased, the money converted from bank to the inventory account. When goods are sold, the inventory value goes down and COGS value goes up. However it seems for the bills created in wave, when the bill been paid, the whole value has been transfered into the COGS account right away, not sit in inventory accou…
    Morayfield 22 views 1 comment Most recent by Morayfield November 7, 2018 12:17PM
  • As you can see in the snapshot, there's a lot of rolling reserve been released transactions imported from PayPal. PayPal will hold a portion of the money you received as a reserve, for a certain time. They release it when time goes by. Those transactions will not appear in PayPal account activity. But Wave will import those. I guess I'l…
    Morayfield 12 views 1 comment Most recent by Morayfield November 7, 2018 12:17PM
  • How do I enter expenses without copying a receipt ??- for example: payed for items on a different credit card
    bjristow 12 views 2 comments Most recent by bjristow November 5, 2018 10:34PM
  • I need to allocate expenses from a personal bank account to a loan account in the business account? I have scanned the receipt and need can attach it but there seems to be no automated way to achieve this transfer.
    graeort 13 views 1 comment Most recent by JamieD November 5, 2018 7:51PM
  • When viewing a transaction and expanding to where you can add a note there’s a field selection option regarding tax. Is this for matching the tax charged on the transaction/receipt? What is the purpose of doing so? Is it mandatory? What are the pros and cons of doing vs not doing? Will it remember that you've done so or will you have to do it repe…
    clancularius 1 view 1 comment Most recent by JamieD November 5, 2018 7:43PM
  • Hello, I have a client who has entered a number of sales invoice payments to cash rather than bank. My question is, is there an easy way to bulk change these?
    JudeRose 54 views 3 comments Most recent by JudeRose November 5, 2018 7:28PM
  • I have data of receipts of 1 year from another accounting system in csv and pictures and would like to import it into wave. What is the best way to do this?
    valeriukks 23 views 7 comments Most recent by JamieD November 5, 2018 5:10PM
  • Once I read the epic wave guide here it mentioned this feature. http://thesmartkeep.com/blog/epic-wave-accounting-guide However it seems wave will just create an extra transaction in the account, waiting for the user to manually merge it, not automatically merge, not auto matching, not let the user pick one transaction from the bank feed.
    Morayfield 13 views 1 comment Most recent by RRTS November 5, 2018 3:54PM
  • What are the advantages of using the receipts app? How does it impact receipts in general?
    clancularius 11 views 4 comments Most recent by Morayfield November 5, 2018 1:19PM
  • Hello, I have entered many receipts into the system, and need to edit several that are in the "done" category. Is there a way to do this without deleting the file and redoing it? Thanks
    davjoin 23 views 1 comment Most recent by Morayfield November 5, 2018 12:38PM
  • Does the Sole/Partnership vary from a Limited Liability Company when using the accounting software? if so, How to change "Type of Organization" in the Business Settings from Sole/Partnership into a Limited Liability Company? Thank you in advance to anyone who would respond to this query.
    FD Assistant3 126 views 2 comments Most recent by HOSPM November 4, 2018 10:57PM
  • Hi, I'm new to Wave and I have a question about VAT. I do a lot of pop up shops and use card readers like iZettle. Obviously iZettle take their commission and then deposit the money into my account. (e.g. 44p on £25) Wave sees that £24.56 has gone into my account and calculates 20% VAT on that figure, not £25. Meaning that every VAT calculation co…
    Barney1 23 views 5 comments Most recent by Barney1 November 3, 2018 12:32PM