Accounting

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  • I am wanting to attach a list of receipts to an Invoice that I'm planning on sending a partner, but I don't see that option. With that being said, what's the purpose of receipts in Wave Apps? Is it just for storage?
    altjx 25 views 3 comments Most recent by Stokes December 10, 2018 10:55PM
  • the purchases that I made and entered with the GST sales tax is not showing up on the Sales Tax Report under Purchases Subject to Sales tax and Tax amount on Purchases...I am unable at this point to do my GST reporting to the government ...I have the GST on invoices that I sent out...but not the one that I paid...
    Larrybob_1057 50 views 2 comments Most recent by Larrybob_1057 December 10, 2018 8:00PM
  • Hello - thanks in advance for any help. Really would like to be able to use Wave more - Hate QB! I am a corporate concierge so I run errands for my customers. I normally have 2 items in products - the item I buy and then my time charges - i have created the "time charge" in services but know would like to run a report on that service ie. time c…
    donebyandy 4 views 1 comment Most recent by Ryan_W December 10, 2018 7:46PM
  • Hi, How can I get an overview of my income and expenses in different currencies?
    wave82 35 views 1 comment Most recent by Ryan_W December 10, 2018 5:21PM
  • Background I have a small property portfolio of 4 properties with a 5th property half owned by a relative which we jointly inherited at no cost. Questions I have recorded the 4 fully owned properties as Asset expense transactions in a separate account for each property belonging to "Long Term Asset" section. What should I do about the 50% own…
    trelimon 26 views 7 comments Most recent by MerlinAccounts_UK December 9, 2018 4:58PM
  • I flip houses using other peoples money (loan) secured by a lien position on that property. When we open escrow at our title company to make the purchase, the title company opens an escrow account at a bank. The lender funds are deposited in that escrow account (which the title company controls). During the escrow process, expenses are deducted…
    epitoma 28 views 1 comment Most recent by eliteacchk December 8, 2018 11:56PM
  • I am new to wave and also to my business. I have incurred some business expenses that i have paid out of my personal funds. Now i have added these individual expenses into wave accounting transactions and associated to a personal account in lieu of my business checking account. Now to balance my books, how do i make an entry to get reimbursed from…
    ProSmartConsulting 78 views 1 comment Most recent by eliteacchk December 8, 2018 3:44PM
  • Hi, I'm trying to figure out the best approach for recording the lending of money to my company. When I've lent money I had been adding an income to the Checking Account and categorising it as Shareholder Loan, but this doesn't look right in the reports. Should I add an income to the Shareholder Loan account then create an expense Checking Acc…
    trist 72 views 1 comment Most recent by eliteacchk December 8, 2018 2:58PM
  • I have 3 businesses that i have open on wave and 2 demo ones I used to test out the software. I cant seem to remove them and they are currently cluttering and confusing our system users. How do i remove them without removing all our businesses.
    chan_lee01 25 views 1 comment Most recent by eliteacchk December 8, 2018 11:35AM
  • Can I use Wave to file my GST (goods and services tax) return for India?
    muditdr 50 views 4 comments Most recent by Larrybob_1057 December 8, 2018 12:38AM
  • I have to pay excise tax payments quarterly and I was wondering what is the best way to enter my payment to the state in wave? Thanks so much!
    JeffersonVisuals 24 views 1 comment Most recent by Samd December 7, 2018 6:12PM
  • My accounting knowledge is very very minimal. Sit on a curling club board and doing this as volunteer work. Inherited an accounting program on Excel that has numerous errors and have so far successfully re-entered information in Wave. I need to know how to create fixed assets, more importantly how to get values assigned to these assets. The asse…
    Eric_1977 33 views 1 comment Most recent by Samd December 7, 2018 2:30PM
  • I just started using Wave. I drive trucks for work and have expenses for taxis, public transportation, hotels, flights, and other deductible categories. When I add a receipt, the drop-down list does not have any option for travel expenses. Is there a way to add custom categories for my business? I'm surprised that such common expenses would not…
    truckandrun 48 views 2 comments Most recent by truckandrun December 7, 2018 2:46AM
  • Hi All, I'm a little clueless to bear with me... I have a couple of properties that I rent out, they are managed by a 3rd party to collects the rent and fixes any problems on my behalf. Each month I receive a "statement" from them, this tells me what outgoings there have been that month and tells me what remaining money (the rent minus thei…
    mushroomgodmat 14 views 0 comments Started by mushroomgodmat December 6, 2018 9:28PM
  • nearly all my transactions come into wave via an auto import from my corporate card. What I’d like to do is be able to select a handful of transactions that are already in Wave and then create an expense invoice populated with those transactions. Is that possible? Thanks, Mike
    Marrahm 27 views 2 comments Most recent by Marrahm December 6, 2018 3:12PM
  • How to record office equipment in Wave? When I add new item (Aircon) but the category can't set under office equipment.
    AngelsBud_2018 49 views 1 comment Most recent by Samd December 6, 2018 3:12PM
  • Hi everyone I'm just getting started with Wave. So far I'm really impressed by the interface and ease-of-use! I have run into one error though that I really can't wrap my head around. I'm a complete accounting novice, so sorry in advance in case I don't understand some of your advice! Background I am a sole trader working in the music in…
    alexjones_26 110 views 2 comments Most recent by JordanFromWave December 6, 2018 12:26AM
  • I followed this article: https://support.waveapps.com/hc/en-us/articles/208621616-How-to-create-a-transfer-between-two-accounts-e-g-categorize-a-credit-card-payment- But when I get to step #5, it doesn't let me locate the line matching the transaction for the other side of this transfer. The only thing that shows up after clicking Transfer is 'Ca…
    TedStevens 13 views 0 comments Started by TedStevens December 5, 2018 7:16PM
  • Hi Community, I've bought some equipment to be rented out but I'm curious as to the accurate way to record this within Wave. When I upload the receipt, wave automatically suggest (correctly I suppose?) that this goes into (debit) an expense account and comes out of (credit) an asset account. That's all well and fine, but I believe this shoul…
    CenusHinds 13 views 1 comment Most recent by Ryan_W December 5, 2018 7:01PM
  • Can anybody talk me through how to record a transfer between my personal account and my business account in Wave? Sometimes I need to move money from my personal account back into the business to help pay for a large expense etc. and I'm not sure how this should be recorded. When I look under the 'Transfer to bank, credit card, or loan' category,…
    PersephoneC 920 views 22 comments Most recent by Ryan_W December 5, 2018 5:47PM
  • Hello, I switched banks and moved all my money. How do classify the category in Wave? I only have one income account right now (membership fees), but when I use that category it looks like my membership fees increased on the reporting. Do I create a new income account or post it some other way? Thanks in advance for your help
    sidefly 13 views 1 comment Most recent by Ryan_W December 5, 2018 5:29PM
  • I cant remove a business. I have 3 current businesses running and set up 2 demo ones which i cant remove and they are cluttering my wave. how can I remove them without taking down my account.
    chan_lee01 27 views 2 comments Most recent by chan_lee01 December 5, 2018 1:35PM
  • I am considering migrating to Wave from Quickbooks to save money, but the task of migrating all my data is quite daunting. Will I need to manually enter everything (customers, invoices, list of accounts, etc.) from scratch?
    TechieSophie 24 views 9 comments Most recent by Wave_Pro_Ecuador December 5, 2018 1:12AM
  • Hi there and a new wave user question: The dashboard cash flow report/preview shows only cash in our case, so the majority of payments we get from paid invoices does not show up. Most of our clients pay with credit cards using waves payment processing. To see the real number I have to see the cash flow report, set the time frame and and set the pa…
    RvAndrian 20 views 0 comments Started by RvAndrian December 4, 2018 6:19PM
  • Hello, This may because I am fairly new to Wave's accounting software but something very interesting is happening. I linked a Credit Card to the Wave app because that's what is used for all business expenses other than expenses that need to be drafted from a checking account. When the expenses come through, I categorize them as appropriate (…
    BFSolutions87 14 views 1 comment Most recent by JamieD December 3, 2018 6:39PM
  • mzpmzp
    i would like to ask, because im new to wave apps, new to business, and got confuse to record my business transaction. im not too good in english too, pardon me. 1. to start my business i register account at bank, let say $ 1000. how to record it? i think it should be categorize at equity... but at what account? cash on hand or owner investment? …
    mzp 322 views 16 comments Most recent by JamieD December 3, 2018 5:48PM
  • I am new to WAVE, very new. I have used Quick books for years and I want to simplify things so that is why I started WAVE accounting. I need to assign the value of our fixed assets that are on our books now in WAVE. I have them entered but I can't figure out how to put the value to them.
    BC_58 39 views 1 comment Most recent by JamieD December 3, 2018 5:41PM
  • Hello I'm the Treasurer for a school PTA, so using the free version of Wave. Nothing particularly complicated and I've been using it for a couple of months and have a basic handle on it, but I don't see how I can add a .pdf to a transaction (i.e. a receipt and other documents linked to the transaction from the bank reconciliation) like you can …
    IainM 28 views 1 comment Most recent by JamieD December 3, 2018 5:12PM
  • I've done a search and can't find any questions or answers that come close to what I am looking for, so here goes. I am a maker and I just set up formal business and accounting structures for my work this year. As of right now, I am only recording material costs as an expense and product sales as income. My sales volume and product variety doe…
    ohiobliss 50 views 1 comment Most recent by JamieD December 3, 2018 4:52PM
  • Hello. As a charity, we have to treat some of our funds as restricted. How do you do this in Wave?
    aeolai 4 views 2 comments Most recent by aeolai December 3, 2018 8:27AM