Accounting

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  • My bank recon shows a different balance on a particular date than it shows on the report. Anyone else had this problem?
    LittleFish 56 views 16 comments Most recent by JamieD July 3, 2019 3:42PM
  • Hi - I need help with categorization. My siblings and I have a trust for the farm property we inherited from our mother. Would I list distribution payments as "owner equity" payments or in some other way?
    hagcrew 12 views 2 comments Most recent by Mikeg July 3, 2019 2:06AM
  • I really don't understand how you can now not move transactions between businesses. This has completely made the product unusable for me. I have put so much effort into setting up Wave over the years and now all that work is undone as I can not longer use it. What research did you do when you decided to drop this feature?
    Clarkey 12 views 1 comment Most recent by JamieD July 2, 2019 5:11PM
  • Hi Wave Team, How to key-in starting/opening balance for customer? My company just started using wave on Oct 2017 so i need to put in all the starting balance & the most critical part was the receivable/customer part.
    nofbak 441 views 12 comments Most recent by janchavs July 2, 2019 1:33AM
  • 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 113 views 5 comments Most recent by skyking June 30, 2019 11:16PM
  • Hi all! I'm starting a business and I want to buy a Phone and maybe a laptop for it, but I have no revenue yet... how could I mark this so then I can pay with my own cash and then get refunded? I know, pretty basic stuff, but like everything in setting up a business, it's learning by doing! Cheers! Pol
    Lanski 25 views 2 comments Most recent by Lanski June 30, 2019 9:42AM
  • Can I create sub-accounts, as well as accounts?
    Valerie Kabat 1.1K views 42 comments Most recent by GeorgeSyn June 29, 2019 2:58PM
  • I have two businesses under one sign-in. if i link receipts to one of my businesses and later choose to move it to the other , can i do that ?
    sabrina 12 views 4 comments Most recent by alexlewiszarkos June 28, 2019 8:24PM
  • As you may already know, when you accept online payments with Wave, we automatically create a transaction in your accounting records. Once the payout for the transaction is deposited in your bank account, your bank connection will typically import that deposit transaction within two days. When this happens, Wave automatically creates a transfer…
    Erik 42 views 4 comments Most recent by alexlewiszarkos June 28, 2019 7:01PM
  • It is surprising that only some reports have the export button while other do not. I was looking at the reports and noticed that Trial Balance has an export button, but Profit and Loss or Income Statement does not have. Businesses do need to extract these reports for regulatory submissions from time to time. Is this a problem with the browser or…
    Overture Accounting & Bookkeeping LLC 57 views 6 comments Most recent by ckeen_1244 June 27, 2019 6:54PM
  • Hi there, I don't seem to be able to find any information on how to include this tax in expenses... Can someone explain a simple example. Say my profits at £1000 and I owe £200. How do I expense this so that is doesn't change my profits for the year, which are of course still £1000. Thanks Philip
    smallBiz 423 views 8 comments Most recent by Ramon June 27, 2019 6:36PM
  • Hi. I am completely new to Wave, I am used with using Sage/Xero etc. When you look at the VAT100, is there a way of reconciling those transactions so that the next quarter you can somehow run the report which will show any transactions from the previous period which has not yet been included on a return?
    loupet82 31 views 2 comments Most recent by alexlewiszarkos June 27, 2019 3:03PM
  • How do I put a negative amount into an invoice to represent a refund.
    Charlie05 1.3K views 30 comments Most recent by alexlewiszarkos June 25, 2019 7:54PM
  • Hi, Im just wandering what happens to my personal budget data, can i download the information?
    Kevin Snell 20 views 3 comments Most recent by alexlewiszarkos June 25, 2019 4:24PM
  • Hi, I have processed a vendor invoice, paid $535.62 which included 10% GST of $48.69. I have paid the full amount and marked the invoice as paid $535.62 however, Wave is showing $48.69 the GST element as a liability? Does anyone know if I am doing something wrong? Seems wierd...would be grateful for any advice, thanks
    Curtinpsjodien 10 views 1 comment Most recent by alexlewiszarkos June 25, 2019 4:09PM
  • This was actually a question. Which one of these Methods are best? Are there any issues with using Method 2? I am confused and after reading several of these posts I am not sure I have been doing this correctly. We have a couple short term rental properties and when getting them set up we have used our personal credit card to One get points and T…
    tcmccormick 34 views 0 comments Started by tcmccormick June 24, 2019 6:04PM
  • I have an operating corp and a holding corp. Holding corp owns operating corp. I own holding corp. Operating corp dividends its income up to holding corp. And holding corp dividends out to me, How should these dividend payments should be captured and categorized? It is unclear in the UI.
    johnt 16 views 1 comment Most recent by Mikeg June 23, 2019 2:01AM
  • Hi Wave Community...first post here. I invested in a software and training in order to start my LLC recently. I paid for this before starting the LLC. I paid with my own money. How would I track this to mark it as a start-up expense in Accounting?
    Micah 23 views 2 comments Most recent by Micah June 22, 2019 9:36PM
  • Bills should be downloadable as a document & Payments (expenses) for any transaction should have the option to be documented, just like sending receipts to customers from the invoices.
    epicaventure 9 views 1 comment Most recent by Barsin June 20, 2019 4:21PM
  • Hi, I suggest there is option to create payment receipts for income that does not have invoices, such as deposits.
    epicaventure 11 views 1 comment Most recent by Barsin June 20, 2019 4:18PM
  • Hi all, I'm looking at my Profit & Loss statement and I'm seeing that Wave is recording: Payroll Gross Pay + Payroll Employer Taxes + Payroll Salary & Wages as operating expenses. This means it shows the payroll amounts twice as an expense and this expense is duplicate. When I look at Payroll Gross Pay, it shows in the books as…
    peng_o 78 views 5 comments Most recent by Mikeg June 19, 2019 8:05PM
  • I'm new to wave and am trying to figure out how to a)categorize a tax payment or b)add a tax payment as a category. I've searched to forums and am not finding answers. Thank you in advance!
    Nadia 2K views 8 comments Most recent by Mikeg June 19, 2019 6:20PM
  • Wave is an excellent software package for the self employed (proprietor) entrepreneur. It easily keeps track of billings, collections and disbursements. It allows the entrepreneur to see his or her income at a glance. The income of a proprietor is revenue less expenses. There is no T4s issued for a proprietor - although a proprietor can have em…
    Bruce_C49 49 views 4 comments Most recent by JordanFromWave June 19, 2019 5:43PM
  • when I report my invoice as paid I merge it with the bank transaction and change the catagory to the service that the payment is for. The problem is when I go back into the invoices its back there again showing as not paid. If I leave the catagory alone the income does not show on my profit and loss report because the invoice has its own unique ca…
    Poochrunner 11 views 3 comments Most recent by JamieD June 19, 2019 4:45PM
  • Hello! New to accounting. I'm trying to figure out how to 'set money aside' for a big bill at the end of the year. Licensing fees, for example, I have to pay every year and I'd like to make sure I have the funds available. Or lets say I want to put money aside every week to cover new furniture. How would I do that?
    hopeplacetx 11 views 1 comment Most recent by alexlewiszarkos June 18, 2019 9:44PM
  • The owner purchases something with a personal credit card for the purpose of the business. Following this, an e-transfer is done from the company bank account to reimburse the owner. How do we track taxes paid by the company? There's this article, (https://support.waveapps.com/hc/en-us/articles/208622836-Handling-business-expenses-with-a-person…
    js_does_taxes 21 views 1 comment Most recent by alexlewiszarkos June 18, 2019 9:19PM
  • Hello, I'm new to USA and need advice If I want to deposit checks in which taxes are already withheld. How can I write them down in Wave, so that I do not have to re-pay tax on them? thank you
    aleks_verholak 11 views 1 comment Most recent by Mikeg June 18, 2019 9:07PM
  • Hi, I do a significant number of purchases online using paypal as my payment method. Typically I receive an email receipt, however it is in the body of the email and not as an attachment. Any solution or workaround here for sending it on to [email protected]? Thanks James
    jamesdawsondesign 18 views 1 comment Most recent by JordanFromWave June 18, 2019 9:01PM
  • The link in the email you sent me does not work. I need webinars and I need customer support. I have sent and do not get any response.
    PeggyLee 66 views 5 comments Most recent by alexlewiszarkos June 18, 2019 7:33PM