Accounting

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  • Hello! One of my customers is large company, in which I have various contacts to whom I send invoices and estimates. Is it possible to create one Customer with Multiple Contacts?
    mcfarlanej 187 views 17 comments Most recent by alexlewiszarkos April 16, 2019 6:44PM
  • Basically, businesses are not allowed to use spreadsheets for accounting because data can be deleted at anytime. Instead, all transactions must be posted. If mistakes are made, edits themselves will be posted. https://www.verksamt.se/en/web/international/running/accounting/do-accounting-yourself-or-hire-help
    MXMLLN 23 views 2 comments Most recent by MXMLLN April 16, 2019 6:28PM
  • Hello! I wonder if anyone has come across this: I am using wave for a small business owned by my husband and I, we are a band. Last year we donated income from a concert to two organizations, one for the fires in sonoma and one for earthquakes in Oaxaca. I cannot find a category for donations. I wonder if there is any way to deduct this on our sch…
    cascadadeflores 146 views 3 comments Most recent by Mikeg April 16, 2019 2:06AM
  • I use Wave on my iphone but I want to start using it on a dedicated iPad. I can't find this app on the app store. Is wave not offered for iPad?
    Chinebo 419 views 3 comments Most recent by alexlewiszarkos April 15, 2019 9:46PM
  • Can I create sub-accounts, as well as accounts?
    Valerie Kabat 849 views 39 comments Most recent by emf2 April 15, 2019 5:01PM
  • Need help with accounting for 'drawings' or taking a draw by the owner. When I try to do this and try to take from my main checking account Wave says that all of this type of transaction must pass through a equity account. Say What?
    paul_logan66 143 views 8 comments Most recent by Mikeg April 15, 2019 10:28AM
  • hi we have different buildings each building have many apartments how to manage the income and expense of each & every apartment, separately in this software is it possible? please guide me
    Omerrealestate 51 views 5 comments Most recent by JamieD April 13, 2019 8:44PM
  • Im not sure what to do in this situation. I purposely did not add my credit card to my wave account because I wanted to add reciepts and didnt want to worry about duplication. I dont want to have to go through hundreds of reciepts and pair them with the credit card transactions. Too time consuming. When I go to pay my credit card wave counts that …
    BuenoBox 12 views 3 comments Most recent by Mikeg April 13, 2019 4:28PM
  • I frequently have expenses/income in a different currency from my primary business currency. Is it possible to select a different currency when entering an expense/income transaction? I thought this was a feature of Wave but have been unable to find a way to do it. Any advice? Thank you.
    sockfight 59 views 4 comments Most recent by Samd April 13, 2019 3:16PM
  • Hello, Does anyone know a way to download a full list of expenses? I can see in 'Account transactions' lots of subcategories of expenses e.g. Accounting Fees, but not an option to see a full list. Is this possible? Thanks
    Paul_Illo 24 views 2 comments Most recent by Paul_Illo April 13, 2019 12:05PM
  • Cross-posting from https://support.waveapps.com/hc/en-us/articles/208623466-How-to-handle-sales-tax-returns-and-refunds-from-your-government. I am in the process of migrating to Wave from Simply Accounting–going back to the start of 2019. One of my first transactions in 2019 is my HST remittance to the Receiver General. In SA, I recorded a gene…
    Juggler 10 views 1 comment Most recent by JamieD April 12, 2019 11:58PM
  • mpimpi
    How i can print the chart of accounts? And export to Excel?
    mpi 44 views 5 comments Most recent by bossmommatSharkOFF April 12, 2019 11:47PM
  • My bank recon shows a different balance on a particular date than it shows on the report. Anyone else had this problem?
    LittleFish 43 views 10 comments Most recent by Samd April 12, 2019 10:00PM
  • Hello, I am having difficulty in understanding waveapps ending balance. All the transaction I entered through Journal transaction as I just started the business. The amount it is showing 19,200 is correct but it is negative. if this figure is positive then all will be good. can anybody explain how to get this figure in positive.
    essam 24 views 1 comment Most recent by Samd April 12, 2019 8:20PM
  • If I go through the "expense by vendor" report, it shows the totals for all Vendors with a recorded transaction....but there doesn't appear to be any way to see transactions that don't have a vendor listed. I know that some of my transactions have been entered without a vendor....due to error or oversight, as it requires an extra step. I just woul…
    TimK 11 views 1 comment Most recent by Samd April 12, 2019 6:13PM
  • Need help on creating Share Capital Account , common shares and class preferred shared account
    MMaynard 27 views 1 comment Most recent by Samd April 12, 2019 5:43PM
  • I am an estate sale agent. I have estate sales for people inside their homes, selling furniture, etc owned by the client. For this service, I retain a commission on total sales. For example: I conduct a two-day estate sale, sell $10,000 and retain 35% commission - writing the client a check for $6,500. How do I categorize total sales (all money, i…
    AshMay 9 views 2 comments Most recent by AshMay April 12, 2019 5:24PM
  • I'm woefully new at accounting and freshly on my own with a small restaurant... please use small and simple terms! lol. I will catch up! I'm setting up Wave but how can I use the system to record my daily sales since it is implausible to record each transaction. Any advice on how to best use Wave for a restaurant setting is helpful!
    blt178 226 views 4 comments Most recent by MerlinAccounts_UK April 12, 2019 9:55AM
  • I am having trouble finding documentation on how to document income taxes paid (as in, I owed taxes to the government and paid them)...I am assuming this is similar to sales tax...using journal entries, but I am not seeing specific instructions on the names of accounts and how to make it all balanced in the balance sheet (which I assume also is so…
    Caryl 17 views 1 comment Most recent by Mikeg April 11, 2019 5:56PM
  • Hi, How should the following two transactions in an S Corp's Wave account be categorized and/or handled? Transaction #1: A $50 personal expense is mistakingly made with the business debit card Transaction #2: In an effort to correct transaction #1, a $50 deposit is made to the business checking account from the owner's personal bank accou…
    HOSPM 11 views 5 comments Most recent by Mikeg April 10, 2019 12:58AM
  • Hi All, I am trying to set up a mortgage and payments as at date and move forward. I am having some issue with this. These are the following steps I've deduced I need to follow: 1. need to setup an Asset account with value $xyz at date 1 - April 2. need to set up a long term liability account $xyz - $100,000 3. need to setup principal mon…
    DShan 13 views 3 comments Most recent by Mikeg April 9, 2019 12:07PM
  • I found the following article: https://support.waveapps.com/hc/en-us/articles/360000099163-Entering-mileage-in-Wave However, what I do not understand is why I credit the Owner's Equity account for the same amount as the mileage. Can somebody explain this? If I use the method in which I create a vendor called "Business Mileage," as explained in…
    wynnel 23 views 1 comment Most recent by Mikeg April 9, 2019 11:31AM
  • My company is not limited by stock value, and thus doesn't have Equity per se. Since account names are arbitrary in Wave, I have classified a liability as Member Contributions, and another as member Capital. I have placed these in 3500 and 3600 accounts respectively. When I donate money to the Company. I am really adding capitol, so do I put it in…
    grysmith 13 views 1 comment Most recent by MerlinAccounts_UK April 9, 2019 9:19AM
  • Hey everyone. I use Monzo as my personal bank account. I also use this bank account currently for incoming and outgoings as a self-employed/sole trader. I've just begun going through my receipts and adding all those in. My plan is to add every expense from my Monzo bank account as receipts with the invoices into Wave. Would this be accept…
    joebloom 20 views 1 comment Most recent by alexlewiszarkos April 8, 2019 9:47PM
  • Hi, Very new and confused. My checking account earns interest and tax is paid on that line 1: INTEREST - CR.INT .012c line 2: IRD:TAX ON INTEREST .01c I have assigned "line 1 Interest:"to category "interest income" How do manage the line 2 "IRD tax"? Do I create a new category in Chart of Accounts and to what? Liability? I'm in New …
    mikeldub 23 views 1 comment Most recent by alexlewiszarkos April 8, 2019 9:18PM
  • I'm an international user (there's no option to link my bank account to Wave), with not much accounting experience. I'm trying to find out how to enter my credit card information in Wave Accounting. I created an account for my Cash Back Credit Card under "Liabilities and Credit Cards". What I'd like to know is what is the best approach to…
    Acumen3 11 views 5 comments Most recent by Mikeg April 8, 2019 5:56PM
  • Hello, I was wondering if possible for Wave to make it possible to report on Fiscal years? I understand it's possible to select custom dates, however, a 'fiscal year' option would be great. It could take the date for the 'settings' page. Chris
    JudeRose 16 views 2 comments Most recent by Wapperer April 8, 2019 12:40PM
  • As a sole proprietor, I have set up a solo 401(k) that I plan to contribute to both as employer and employee. I assume that I should record employee contributions as owner drawings, but I'm curious as to how I should record employer contributions. I see there has been some discussion of this in the past, but with recent updates to Wave's interfac…
    Carrie_W 16 views 1 comment Most recent by Mikeg April 6, 2019 1:55AM
  • Hello. The VAT on sales invoice is showing on the sales tax report but the vat on purchase invoices isnt. I've checked the dates etc.. cant understand why the purchase vat is not getting picked up.
    discountfoot 14 views 2 comments Most recent by Samd April 5, 2019 3:00PM
  • How should I handle cash back rewards from the credit card I use for my business? The cash back reward gets automatically applied to my balance, reducing what I owe. I don't want to chart it as Income. Should I create a new chart of account in the Assets or Equity section specifically for the cash back reward? Any other suggestions?
    BernieB 68 views 5 comments Most recent by Carole April 4, 2019 2:47PM