Accounting

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  • Hi, I have duplicate transactions as a result of scanning receipts and downloading through bank connect. I merge these, but was wondering whether there were any plans for this to be (semi-)automated? For example, if there are two transactions of the same amount with dates within a few days of each other, Wave querying whether they are the sa…
    Ubergeeksov 12 views 1 comment Most recent by Reza February 13, 2019 4:43AM
  • Hello All, I'm running a web Design business out of my house and I'm wondering how much I should be reimbursing myself for internet and cell phone expenses as they're both critical for the business. -Thanks in advance! Curtis
    embersmithllc 12 views 2 comments Most recent by Mikeg February 13, 2019 3:33AM
  • I am a day nursery owner in UK. We are expanding by acquiring a day nursery. Is it possible to record revenue and expenses by site so that I can see the profit and loss for the sites separately. Both the sites are under the same company and bank accounts. Thanks
    karsrim 9 views 1 comment Most recent by Charlotte February 13, 2019 2:17AM
  • Hi, I have been using waveapps for the past two years and I loved it. I used waveapps for my personal finance. I try to upload my bank statement to waveapps using .csv format. It usually works with sometimes I have to re-save the file in .csv format again to ensure no error. But now it does not working. It keeps give error that "Something went …
    alhakam88 17 views 1 comment Most recent by Charlotte February 13, 2019 12:02AM
  • Hi, Please see screenshot, from today 28th Jan. I've had "money in transit" since 1st Jan? This money is already in my bank?
    snappyfish 14 views 4 comments Most recent by snappyfish February 12, 2019 10:57PM
  • Hi everyone, Is it possible to set certain merchants to automatically go to certain categories? Also is it possible to make an account your default receipt account? I'm putting in travel expenses so the bus company will always be travel, cash in hand. Thanks in advance. Joe
    JoeCM 16 views 1 comment Most recent by Charlotte February 12, 2019 9:36PM
  • Hi, I'm a childminder and need to record meals taken by children as an expense (not charged for separately to care). Is there a way to do this easily as a reoccurring expense as I need to add different numbers of meals on different days.
    NatalieM 11 views 3 comments Most recent by Charlotte February 12, 2019 9:23PM
  • ytayta
    Hi, I gained some interest in a savings account, Wave categorized that as 'uncategorized income'. What's the right way to reconcile this? Thanks!
    yta 6 views 2 comments Most recent by yta February 12, 2019 9:12PM
  • My purchases entered in to Accounts Transactions with GST/Sales Tax that is sales tax on purchases are not showing in Sales Tax Report. Please advise any way to rectify. Refer to screenshot below. .
    emeraldtrans 31 views 8 comments Most recent by greencloverfarms February 12, 2019 9:01PM
  • Do you have a french version of your application?
    cdesbiens 472 views 16 comments Most recent by Sophia February 12, 2019 8:59PM
  • The fees are taken out before the sales deposited into my account. How do I make a correct record of sales?
    oldoakpm 22 views 4 comments Most recent by Katie_Silkina February 12, 2019 7:57PM
  • My bank recon shows a different balance on a particular date than it shows on the report. Anyone else had this problem?
    LittleFish 30 views 6 comments Most recent by Katie_Silkina February 12, 2019 6:19PM
  • Hi i would like to know why can i export invoices to pdf but not reports?
    Erik1Du2Preez3 18 views 4 comments Most recent by Katie_Wave February 12, 2019 6:06PM
  • This is accounting 101, I'm sure, but I can't figure out how to ask this question to find the help article. I earn commission monthly. I pay a "professional fee" for an upgraded commission rate. I also pay for other expenses incurred (i.e. mailing). So commission - professional fee - expenses = deposit How do I account for all this in Wav…
    dnkubica 12 views 1 comment Most recent by Charlotte February 12, 2019 4:58PM
  • Hi, how do I record credit card payment that came out of my bank account to payoff the balance? Also, how should I record any credit card rewards? Thanks
    rbtjd 38 views 7 comments Most recent by Katie_Silkina February 12, 2019 4:56PM
  • Hi, I have a particular situation where you purchase something as an asset, but under the bill option there is only expense / COGS. Where can I add my purchase to an asset account? 2) If my purchase is for COGS item, I purchase it, it goes to COGS as expense, but at the same time doesn't it need to balance the inventory asset side? Which is we…
    Justin 532 views 34 comments Most recent by Katie_Wave February 12, 2019 4:34PM
  • I have two accounts - a trust account and an operating account. When I process credit card payments, they go through the operating account and then are transferred to the trust account. These payments are NOT income until I remove them from the trust account when they are earned, which occurs later on . My questions are as follows: 1) How sh…
    wynnel 9 views 1 comment Most recent by Sophia February 12, 2019 4:17PM
  • I just started using wave and so far I am very happy with it. One think I am having trouble with to reconcile accounts. I own a vacation home rental business and have 10 properties. I own 4 of those properties and operate them from 1 bank account, 1 own the remaining with two different partners and operate those from two bank accounts. I will have…
    beyatli 28 views 2 comments Most recent by Katie_Silkina February 12, 2019 3:35PM
  • I have been using Wave for very simple purposes of categorizing and recording expenses and income for several years. I have not reconciled and now I want to start from ground zero. Is there a way to NOT have totals carry over from last year? Thanks. geri
    geri 16 views 1 comment Most recent by Katie_Silkina February 12, 2019 3:04PM
  • How do we account for purchases of new equipment within wave, obviously i use receipts for all my regular bits and pieces, i also have a long term asset (van) under Depreciation and Amortization account, but i also have relatively small purchases of equipment that would be expected to last a few years, laptops, machines etc, £200-£500 max, these w…
    whistlingdixy 11 views 1 comment Most recent by Katie_Silkina February 12, 2019 2:27PM
  • Just like the title says...... I've been debating using the Accounting Coach to just put a second set of eyes on my account. I want to insure everything is set up correctly etc....... Who has used this service and what are your thoughts?
    Old_Yankee_Co1951 13 views 2 comments Most recent by amandak February 12, 2019 2:22PM
  • Hello! So I've been using my accounts as personal/business but I'm going to set up a full business account so I don't have this mess. Anyway, I'm wondering what I should be putting personal/family payments through as? For example me sending my wife some cash for shopping etc. I'm going to go back over all of those transactions to correct them b…
    ryanjohnstonco 12 views 2 comments Most recent by Sophia February 12, 2019 2:14PM
  • The Balance display in Transactions is not updating on transaction entry. The Balance Sheet similarly is not updating whilst the added transaction is there in the detail. The situation corrects itself in time but it is very poor in the mean time. I have also found that receipts duly processed are sometimes taking a long time to appear in the tr…
    Mike_C1 33 views 8 comments Most recent by Katie_Silkina February 12, 2019 2:13PM
  • Hi, I and a bank error that appeared on my bank transaction. For example, I deposited $100 of checks, but it made an error and made $1000 deposit. The difference, $900, later came out of my bank account. How should I categorize this $900? Thanks
    rbtjd 13 views 1 comment Most recent by Katie_Silkina February 12, 2019 2:09PM
  • Hi guys, I'm new to WAVEAPPS and have alot of things to ask particularly on the categorizing all the debit and credit / inflow and outflow. The business have the norm activities like : * rental * utilities * loan repayment * invoicing as far as i know, points 1-3 are the debit and 4 is the credit. but how do i categorize these thin…
    whynot_wedding 12 views 1 comment Most recent by Sophia February 12, 2019 2:06PM
  • As an ecommerce company we sell on several platforms that handle sales differently. For instance amazon handles all the transactions and deposits the end result into our bank account twice monthly. One the other hand shopify uses both stripe and paypal to manage payments. Stripe has a daily deposit but paypal holds the money till I transfer it. …
    ToddL 32 views 5 comments Most recent by Katie_Silkina February 12, 2019 2:04PM
  • Hi everyone, I'm a new Australian-based small business owner and I'm struggling with a problem with Wave. Everything has been working well, however I have noticed that my 'All Accounts' balance is inaccurate because it contains duplicate transactions. For example, my 'Payments by Wave' page will show "Invoice payment for Invoice 5" and then my b…
    brightstar123 9 views 0 comments Started by brightstar123 February 12, 2019 4:44AM
  • Hi Transactions that are automatically created in the Wave system can't be edited or deleted is a notification I get on a few invoices. I need to edit this as the bank account it is automatically going to is 'cash on hand' however, the rest of my accounting does not go to this... I have no idea how the transactions were automatically crea…
    customlogoshop 40 views 7 comments Most recent by elisemartinson February 11, 2019 11:23PM
  • hello everyone. is there anyone able to create recurring journals? I have the same journals posting twice a month, and was wondering if there is away to copy the journals or save them as template so I don't have to enter all the details every time.
    MrLalo 15 views 1 comment Most recent by Ryan_W February 11, 2019 10:33PM
  • I'm wondering if anyone else has noticed that some old merged transactions no longer have receipts attached to them? Prior to the UI update, all my old transactions were a merged pair of transactions and I could find the receipt associated with each bank transaction. Very handy. Now, when I look back to transactions older than about 3 months …
    msheldon 20 views 5 comments Most recent by bonnyd February 11, 2019 9:56PM