Accounting

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  • Several hundred of my business income transactions are erroneously showing up in my personal profile. Is there a way to batch move NUMEROUS transactions from this personal Account in to the appropriate Business Account(s)? I only see a way to do them one at a time (using the dropdown menu on the far right hand side). If I check the checkb…
    Just_Mark 40 views 2 comments Most recent by madkoch December 28, 2018 4:47AM
  • robrob
    I can't seem to find any way to enter business mileage. I haven't found a way to create the category under expenses, nor any way to enter business mileage. I know there are other apps (MileIQ, TripLog, etc.) that can track mileage, but I'm wondering how self-employed people enter their business miles as expenses. I use my car, as well as my wife…
    rob 1.7K views 14 comments Most recent by MissRosie December 28, 2018 1:32AM
  • Hi, I was looking for suggestions on whether or not I should open multiple accounts for the different services I provide or make 1 general one. Currently I provide 3 non related business services however I receive my payments in 1 bank account and most expenses are on 1 credit card as well. Typically expenses are shared between all businesses (…
    hj527 30 views 2 comments Most recent by hj527 December 27, 2018 6:00PM
  • My company is a Rental Company. I'd like to be able to see P&L by property side by side , and Balance Sheet for the LLC as a whole. I have been thinking of setting up properties as Products to which I can attribute Rent (Sales Revenue) as Income and Repairs, Prop Mgt., Mtge Payment etc. (COGS) as Expense for individual property P&L, whil…
    shawali2009 29 views 1 comment Most recent by JordanFromWave December 27, 2018 5:07PM
  • I've connected my business checking account, but I wanted it set as "cash on hand". On the drop down, that isn't present. What gives? Would appreciate some guidance. Kind Regards
    beehjae 15 views 2 comments Most recent by beehjae December 27, 2018 3:57AM
  • Hi there! I'm selling items on Amazon Seller Central. After 2 weeks, Amazon transfers the money to my Bank Account. Meanwhile, my bank account spends money on shipping, etc. for Amazon. This means that for 2 weeks, I don't have an accurate display of the current profit. This is why I wanted to use an accounting software life Wave. So, both…
    PlentifulEarth 45 views 3 comments Most recent by Samd December 26, 2018 9:31PM
  • I'm just setting up Wave (converting from Quicken Home & Business), and I'd like to know how other people use Wave for the personal side of their finances, or if they don't, how you interface with a personal finance program. The business side of Wave is working well for me, but as a solo businessperson, I also need to manage my cash flow on th…
    nbsf 28 views 0 comments Started by nbsf December 26, 2018 8:32PM
  • Hi, I am Canadian but my major client is US and pays in US dollars. They will be sending my business checks that I plan to deposit into a US-dollar account. To save on the exchange fees charged by my bank, I hope to first transfer the money to my personal US account, do a Norbert's Gambit, and then transfer it back to my business in CAN dollars…
    shday 47 views 3 comments Most recent by Samd December 26, 2018 7:27PM
  • Trying out Wave and brushing up on accrual basis accounting... I had a balance sheet where Cash and Bank + To Be Received - To Be Paid Out = 0. When I added an expense for purchasing a piece of equipment, the bank account reduced properly and the equipment shows as a long-term asset. However, the top line of the balance sheet is now negative by th…
    dgwd 12 views 1 comment Most recent by Samd December 26, 2018 7:22PM
  • I have a camera lens, one of my fixed assets, that I have disposed of but as it is less than a year old have not applied any depreciation. I sold the old lens by trading it in but in doing this got more than I paid for it . The Seller has issued me with a receipt showing the new lens and the old as traded Part ex. How does Wave handle a fixed …
    Trunxson 14 views 1 comment Most recent by Mikeg December 26, 2018 3:41PM
  • SLSSLS
    I was sent payments for invoices, by check, in November and December. However, I have been out of the country since before they were sent to me, and will not be back till January, so I won't actually get the checks and be able to deposit them into my account until then. I operate my business on a cash accounting basis, so I'm assuming I'll just ac…
    SLS 40 views 1 comment Most recent by Mikeg December 25, 2018 10:07PM
  • PjmPjm
    Hi im wanting to send my invoices as a PDF. Is this able tobe done
    Pjm 23 views 3 comments Most recent by Brent_Ontrax December 25, 2018 1:13AM
  • Greetings, all! This is my first - and surely not my last - post, as I bravely try for the first time to do my own accounting - ulp! The instruction for "How to create a transfer between two accounts" is not working for me when I want to transfer money from "Business Checking" to "Cash-on-hand," aka petty cash. I am getting a message that says:…
    ScottShuster 102 views 6 comments Most recent by ScottShuster December 21, 2018 5:43PM
  • Hi all, I'm new to Wave and accounting in general, so please forgive any 'duh!' mistakes or questions! MY BANK ACCOUNTS I work online and travel constantly. For the first time, I've decided to get my accounting ducks in a row and sort out invoicing ect. My main bank account used to be in South Africa (ZAR), but now I've switched to Revolut so …
    Claire_H 104 views 4 comments Most recent by Claire_H December 21, 2018 10:15AM
  • My company provides products for clients. Products earn sales income but also incur production expenses. I've registered my products in "Products and Services" . Each product has invoices and when posting expenses, I choose in the ITEM collumn, the product which the expense is related to. Now I want to evaluate the profit of each product and calcu…
    Sandra_R18 40 views 2 comments Most recent by Sandra_R18 December 20, 2018 10:56PM
  • I am needing to track an expense made on behalf of another company and then I need to track the lump sum reimbursement from that other company in Wave.
    gcicconebiz 16 views 1 comment Most recent by Erik December 20, 2018 7:06PM
  • Hello, I wondered what I should put a car park ticket as in my expenses? I'm a wedding photographer and had to pay to park at this particular venue. I could only see car insurance, fuel and similar as separate sections. I've just decided to go from my silly spreadsheet to this and am finding it massively helpful already. TIA
    sophieannphotography 16 views 1 comment Most recent by Erik December 20, 2018 7:04PM
  • So I attemped weave but alas I was an unorganized mess..... so I just shipped my boxes to the book keeper and she completed 2017 and 2018 for me. I want to start from scratch for 2019. Is there a way to wipe out all my transactions, all my posts and such to start fresh 2019?
    TanyaNT 36 views 1 comment Most recent by JamieD December 20, 2018 5:14PM
  • I tried to create an asset account for my recoverable expenses (things like travel and meals that I get paid back for in full, including taxes). However, whether I put it under Expected Payments from Customers or Other Long Term Assets, it doesn't show up under the categories for classifying receipts. Note: there is another thread on using receipt…
    dklem 17 views 1 comment Most recent by Erik December 19, 2018 7:29PM
  • I created an account for my PayPal transactions, and initially brought in transactions by downloading into CSV and then importing them. Now I'd like to link my PayPal account so that I don't have to do CSVs anymore. But whenever I try to create the link, I end up having to create a new PayPal account. Is there no way to link an existing account…
    Grapthar 35 views 0 comments Started by Grapthar December 19, 2018 3:02AM
  • Unfortunately it's too late for us to take on new cases that are wanting their 2018 returns done and filed by the deadline BUT we're always looking to engage new clients, even if it means you are going to be late with your 2018 return. Indeed, if you sign up with us in January we will guarantee filing your 2018 return BEFORE the daily penalties ki…
    MerlinAccounts_UK 62 views 0 comments Started by MerlinAccounts_UK December 18, 2018 10:56PM
  • wbnwbn
    So, Wave was able to import my Wells Fargo bank statements back to September 9, 2018 for a new account. I went in to Wells Fargo to try to get a file showing all transactions from January 1, 2018 to September 9th, 2018, but the file format won't upload into Wave. Is it possible to enter the transactions from January 2018 to September 2018 manually…
    wbn 15 views 3 comments Most recent by nancyindenver December 18, 2018 4:13PM
  • Are Waveapps financial statements generated with International Financial Reporting Standards?
    seatiger 95 views 1 comment Most recent by Mikeg December 18, 2018 4:03PM
  • I taught myself some bookkeeping basics so I can have intelligent conversations when I can finally pay for a bookkeeper. Like many, I started a small business using personal credit cards to pay for everything. As a thought exercise I was thinking about how I might do things differently with the knowledge I have now. I could have liquidated the …
    epitoma 25 views 2 comments Most recent by epitoma December 18, 2018 4:29AM
  • I'm currently connecting: * Paypal * Amazon Seller Central * Stripe * Bank Account I'm running into an issue of duplicate charges between my PayPal and Business Bank Account, also between Stripe and my Business Bank Account. PayPal is used to buy goods, and sometimes, PayPal pulls from my Bank Account -- this causes duplicate transa…
    PlentifulEarth 58 views 2 comments Most recent by PlentifulEarth December 17, 2018 11:08PM
  • Our company has two main currency accounts CAD and USD. The challenge is that we don't want to calculate the exchange on the day a purchase or payment is made. The reason is that we collect and pay for services in USD as well. If I convert money when I receive it and pay the same amount to a supplier a few days later, the amounts are off. We don't…
    travelguy 15 views 1 comment Most recent by Erik December 17, 2018 7:50PM
  • Hi, How can I review multiple transactions in one click. In the previous transactions page I could highlight all transactions and then verify all. This button seems to be missing on the new layout.
    Monkey_6025 13 views 1 comment Most recent by Erik December 17, 2018 5:51PM
  • I have expenses for a small enterprise that are to be reported separately from my main business but are run through the same bank account as my main business. There is an other income account type category but no other expense account type category to create accounts in. If I create another account called other income it will just be totaled with…
    Mowally 29 views 1 comment Most recent by Erik December 17, 2018 5:12PM
  • I am trying to record a mortgage payment in Wave. I am following the instructions where I am debiting my loan account with a pricipal of 1027.19, I am crediting the bank accoount with 2003.68 and interest expense of 976.49 but the balance in the bak account only falls by 976.49 not 2003.68 what am I doing wrong?
    Karma 35 views 1 comment Most recent by Erik December 17, 2018 4:32PM
  • I need to close my 2018 fiscal period but not sure how to do this. Please help
    Trickydicky_44 52 views 2 comments Most recent by Trickydicky_44 December 17, 2018 10:46AM