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  • 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
  • Hello. My name is Diyor and I'm new to business accounting. I imported goods and received an invoice from customs broker including GST for the goods purchased. In order to record it properly, should I create entries that reflect separately the services of a customs broker and GST and GST for Goods as a separate entry? Please kindly advise what wou…
    Diyor 27 views 3 comments Most recent by Diyor November 30, 2018 6:13PM
  • Help, please. I have two accounts one in CAD and another in EURO. I made a purchase of EURO from CAD acc and debited EURO acc. After that, I paid to the supplier in EURO and did customs clearance in CAD. Obviously, I have an exchange rate difference as well. Please kindly advise how to record these transactions. Thank you in advance, Diyor
    Diyor 15 views 2 comments Most recent by Diyor November 30, 2018 6:08PM
  • My credits/payments are showing under my debit tab and the debits under the credits tab when i look in account transactions. Has any one else had this issue and how did you rectify? Thanks!
    studiob_246 17 views 6 comments Most recent by JamieD November 30, 2018 4:12PM
  • Hi there! I own several properties and I employ a property manager. The PM collects the rent, they take their percentage and then cut me a check for the rest. My question is how do/should I track that in the WavesApp? Since the app is linked to my bank, the transaction is good but not sure how I should add PM Fees. Example: Rent: $500…
    UpInThisJoynt 91 views 5 comments Most recent by UpInThisJoynt November 29, 2018 2:13AM
  • Hi, I record all my invoice from the supplier I use in Bills. But I often end up receiving refunds from them for returned goods. I create a new transaction ("Add Income") and categorize it under "Refund received for a bill in wave" and select the correct bill the credit is associated with. When I go back to the original bill the refund was issued …
    Babs 27 views 1 comment Most recent by Erik November 28, 2018 8:47PM
  • Good Day, I am in my first year using Wave. I don't have a ton of cash flow but have enough I wanted to track it. There are times where I need some money out of my personal (home) checking account and deposit it into my business account to cover a purchase. I set up an "account" Called Owner Income in Other Income category. I th…
    durwoodghib 15 views 2 comments Most recent by durwoodghib November 28, 2018 1:56PM
  • Hi, I own a rental property through a limited company. When the company bought the property it had to pay a substantial amount of Stamp Duty Land Tax (SDLT). This tax is sufficient to cover profit for the next several years (I don't know if it's permissible to count it against profit though when calculating corporation tax?). When doing the acc…
    Andorin 162 views 6 comments Most recent by trelimon November 27, 2018 4:41PM
  • Hi, I have followed the instructions in this article to adjust both accounts for the business expense. I have debited the appropriate expense account, however, when I go to Transactions and pull up that Category, there's no record of expense there. Eg, I paid for lunch with a client using my personal account. I recorded the expense in my persona…
    velvetinkmedia 54 views 3 comments Most recent by velvetinkmedia November 26, 2018 3:20PM
  • Hi I'm new to wave and accounting in general. Im a small sole trader based in the UK and having trouble working out what to do when taking money from "The Business" ]I understand that as a sole trader I am the Business, but for the purpose of getting my accounting figures to look correct i am having a little trouble recording when I move money…
    JKCWS 70 views 11 comments Most recent by JKCWS November 25, 2018 6:16PM
  • Hi there! I run a travel agency and I am facing some difficulties as below: Assuming I sold a tour package worth $1000 to a customer in January, I issue an invoice to the customer and the customer pays in full My tour operator (let's call him ABC operator) sends me a bill of $800, which I would like to record under Purchases > Bills …
    Kenbong 38 views 1 comment Most recent by James_Hudson November 23, 2018 10:02PM
  • I have a receipt for business equipment that should be categorized as an asset. It appears Wave only allows me to categorize a purchase as an expense!? Sure I can categorize it as an expense and then go edit the transaction to change it to an asset, but that is a hassle when it would be so much easier if Wave let me select an Asset account. D…
    sageacy 26 views 1 comment Most recent by JamieD November 23, 2018 9:38PM
  • Hello I had a machine go down and insurance covered the cost to replace. How do I record this transaction? I have a check from them to deposit, and then will need to pay contractors.
    zkaufman 23 views 3 comments Most recent by Samd November 23, 2018 9:38PM
  • How does Wave flag duplicates?
    PaulHH 92 views 1 comment Most recent by Samd November 23, 2018 9:31PM
  • I have been splitting a lot more transactions lately and I have noticed some of them insert the secondary category into the transaction view whereas others show the primary category; surely it should always show the first category selected as this is more than likely the most prominent one? For example if I split the transaction into: Computer …
    cyphix333 16 views 3 comments Most recent by cyphix333 November 23, 2018 9:01PM
  • My "Other" is somehow a bit high, how can I find which transactions are they? Thank you
    waveisawesome 27 views 1 comment Most recent by JamieD November 23, 2018 8:59PM
  • Hi, I'm new to Wave - loving it. However, I'm getting duplicate income entries. I am connected to my bank account and it seems that might be part of the issue? When I get paid and tell wave an invoice is paid, that shows up in accounting but then the credit into my bank account shows up too. I'm not sure how to correct this? I'm guessing I…
    CoachSteve 28 views 2 comments Most recent by CoachSteve November 23, 2018 5:27PM
  • Every so often I have extended money to my business so that I can issue bill payments. I am not sure which of the 2 above accounts to use. Essentially, I want to see the chosen account in the drop down menu when I am recording a payment.
    VichayaC 89 views 1 comment Most recent by VichayaC November 23, 2018 3:22PM
  • Hey Wave Folks! I paid a company for services rendered. My biz partner reimbursed me for his share of the bill. How should I book this entry?
    BRAINANVIL 14 views 1 comment Most recent by JamieD November 22, 2018 10:59PM
  • Hi, can anybody help, i need to display both my and my clients tax registration nos on my invoices, but theres no field for it, is there anyway i can edit 1 of the field names?
    Atishj 14 views 1 comment Most recent by JamieD November 22, 2018 10:38PM
  • hello wave community, I want to swith to Wave software and i want to know if it is possible to upload an excel file with all the transaction since the beginning of financial year (8 month of operations). Thanks
    Mynou 17 views 1 comment Most recent by Samd November 22, 2018 7:41PM
  • I am a customer in Trinidad and Tobago, and I enjoy the convenience of Wave Accounting. However, you do not offer the payroll option to us. Is there a suggestion as to how I can creatively ACCOUNT for that?
    AdeStudee 28 views 1 comment Most recent by JordanFromWave November 21, 2018 5:45PM
  • Hi, how do I categorize a corporation income tax payment to CRA in my transactions? Thanks
    cazzi24 149 views 1 comment Most recent by JordanFromWave November 21, 2018 5:39PM
  • Hello All, Wish to start using the account software. Any idea how I should do this? Any help appreciated. Ylee
    YLee 26 views 1 comment Most recent by JordanFromWave November 21, 2018 5:32PM
  • Hi people, I run a property rental company... Rent comes in and Mortgages, Repairs, wages goes out... When I run my monthly report for Invoice by customer, all is ok (all rents show up) When i then run my monthly expense by vendor, not all my expenses show up (mortgage payments are missing) Any idea how to track this problem down &g…
    VinceCoombs 15 views 0 comments Started by VinceCoombs November 21, 2018 2:57PM
  • So...before I make my 1st post here; can someone illuminate me...on how to break a paragraph, using Markdown??
    HTSPOS 57 views 5 comments Most recent by Charlotte November 20, 2018 10:33PM
  • When I select the reconcilliation option it only gives me the most recent month, starting from todays date, even though my transactions date back over a year. I think this has happened because I disconnected my bank account and then reloaded it (I had set it up in the wrong category so had to start over). How do I set the reconcilliation start d…
    melbuy13 17 views 1 comment Most recent by Samd November 20, 2018 6:50PM