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  • Hello, Is there a way to automate BILL NUMBER creation when creating new bills? Instead of adding the BILL NUMBER manually?
    TheZeee 9 views 3 comments Most recent by alexlewiszarkos June 18, 2019 7:03PM
  • As 25th May looms closer, I need to get my GDPR information into line. Does anyone know how Wave is dating with GDPR? As you may know, if you deal with any personal data concerning someone in the EU (customer, supplier or anyone), GDPR applies. Breaches of GDPR mean a fine of 4% of your global turnover for the first offence, where you are ba…
    Innopsis 984 views 32 comments Most recent by JamieD June 18, 2019 6:34PM
  • So Wave have announced they're pretty much back stepping from UK & EU customers - all bank links to be terminated from September for users with UK/EU based banks, and a clear decision too to abandon all hope of MTD for Income Tax compliance (potentially to come into effect in April 2021). Where does it leave you, the UK user then? Well, th…
    MerlinAccounts_UK 55 views 0 comments Started by MerlinAccounts_UK June 18, 2019 2:27PM
  • Hi there, where can I find information about term deposits accounting? Do I need to create a new account in Charts of Accounts? Will I need to do a journal entry for the interest? How will I need to categorise it once the expense is imported from my current bank account transactions? Thank you
    Joya 13 views 4 comments Most recent by Mikeg June 18, 2019 11:07AM
  • Where is the "Payment for an invoice in Wave" option? It doesn't show at all on my USD or EUR accounts.
    antz29 15 views 1 comment Most recent by JamieD June 15, 2019 2:17PM
  • I have a client who likes to pay me in advance, and I just bill all her invoices to that pre-payment. Is there a way to create a credit memo where when I create an invoice for that customer, I can use the credit member to pay it?
    HuskyLogic 31 views 1 comment Most recent by JamieD June 15, 2019 1:30PM
  • I want to enquire how does one record the assets and liabilities in wave as I am struggling to capture the new assets that was bought by my client? I recently started using Wave so I am still learning how to use it.
    bkkclient 1.5K views 19 comments Most recent by MKK June 15, 2019 8:29AM
  • Hello all, after days of trying I give up on how to add personal items such as my van, zero turn mower, chain saws etc. to the handyman service I'm about to start. I have no idea how to enter $50k in items to a business so it shows the business still owes me $50k and it doesn't show up as an asset. Any help gratefully accepted.
    Studio208 16 views 5 comments Most recent by ckeen_1244 June 14, 2019 8:18PM
  • Hi there. I have receipt for parts purchased that have been returned. How do I input them to the system? It says total must be larger than taxes when inputed in the the form.
    jonnymechanic 12 views 3 comments Most recent by ckeen_1244 June 14, 2019 7:57PM
  • Hi guys, I'd like to put cash purchases through my accounts without uploading a receipt, how would one do this? Thank you.
    ArtisanCrafts 11 views 5 comments Most recent by Mike_85 June 14, 2019 6:44PM
  • 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 25 views 0 comments Started by jamesdawsondesign June 12, 2019 9:15AM
  • This discussion was created from comments split from: Making Tax Digital (MTD): Digital record-keeping and filing in the UK.
    System 8 views 4 comments Most recent by JordanFromWave June 11, 2019 8:00PM
  • Hi I have a 2 part question, 1. Since Wave accounting does not close accounts, and use accounts like income summary, how do we properly update Owners Equity? Without making the December Profit and Loss account wrong, which happens if you use closing accounts? 2. A separate issue, how do we categorizes Interest Expense? Since it is not an operat…
    ddme 25 views 3 comments Most recent by Kimpton June 11, 2019 7:22PM
  • I need to submit my business return to CRA and because my first year was very simple (zero revenue, very few expenses), I don't want to use my accountant for this (I have another business that is much more complicated and he and my bookkeeper use Quickbooks to manage bookkeeping and accounting for that). From what I can tell, Wave doesn't have …
    Mikebrcic 54 views 5 comments Most recent by greenwave June 8, 2019 3:16PM
  • My apologies if this has been answered before. I searched, but could not find a discussion on this. To manage payments made on a website through credit cards, I have added a payment gateway (account) as a Cash & Bank account. I now: * Record a payment against an invoice as paid by credit card into the payment gateway account * Pass an…
    MohanVeme 4.2K views 39 comments Most recent by jgitta June 7, 2019 4:55AM
  • I am looking for some best practice advice wrt merging transactions. I have the same dolar value transaction shown from my connected bank account and also shown as a receipt from Wave. Do I merge these?
    jamesdawsondesign 16 views 1 comment Most recent by Barsin June 6, 2019 6:01PM
  • I have photographed all my receipts on my phone and can not access them to match my expenses, they are only accessible on my business tab, but I am using them for my personal, there is no place in setting to place these receipts in the right area. Personal and business do not seem to work together at all. Also my accounts are the same I have to d…
    Margot 8 views 1 comment Most recent by Zoe_caff June 6, 2019 6:01PM
  • I have a question hope wave's admin can help. How do I save the previous year and start with a new financial year on wave?
    Fazel 15 views 1 comment Most recent by MerlinAccounts_UK June 6, 2019 12:19PM
  • Has anyone gone through the steps of backing their old quickbooks file into Wave. This includes invoices, estimates, item list, and customers list ?
    rboussatta 1.2K views 7 comments Most recent by MarkWavePlus June 5, 2019 8:29PM
  • Hi All, My partner is a sole trader (UK) and I am helping her with wave - she is a freelance artist. There aren't a lot of transactions yet but most of the purchases that she's made through her business account are for paint/brushes etc - I've been marking these down under the "Office Supplies" Expense Category. Is this correct?
    beanhammer 34 views 1 comment Most recent by JamieD June 5, 2019 3:22PM
  • I have a dropshipping business and need to record the purchases I make, I don't hold inventory. Just confused where to do this as if I click on Chart of Account / Expenses - I can see Cost of Goods, but there is no selection for this when trying to allocate transactions. I assume I'm missing something simple but would appreciate assistance.
    clucker 26 views 1 comment Most recent by Mikeg June 5, 2019 11:25AM
  • Hi guys! Does anyone know an Estonian accountant using WaveApp? Thanks for the recommendations.
    SaraG 10 views 0 comments Started by SaraG June 5, 2019 10:56AM
  • Hello, everyone. I'm new here and having a hard time understanding how to use this site. I linked my bank account, which worked out fine. However, once I integrated my Etsy account, all of my Etsy payments are showing up twice in my Transactions. They are coming in as individual sales through Etsy, but I've already had the money deposited into my …
    kawaiikloth 61 views 7 comments Most recent by ClaireWryghtAccounts June 5, 2019 5:31AM
  • So paypal seems a no go to use with wave via sync. So I currently upload statements. I have my bank account as funding source for paypal. Using eBay they took 0.83p out via paypal using direct debit so straight out of my bank account. Wave records in accounting 1) DIRECT DEBIT PAYMENT TO PAYPAL PAYMENT REF (bla bla bal) MANDATE NO 0002 …
    snappyfish 20 views 3 comments Most recent by alexlewiszarkos June 4, 2019 7:35PM
  • Hi there, I am looking for a way of emailing many statements to many clients at the same time. Currently I have to email one by one. This is quite time-consuming if one has 532 clients. I am imagining of having a possibility of you selecting all customers (and deselect a few who do not require to receive statement) and then select the time frame,…
    Okapi 20 views 1 comment Most recent by JamieD June 4, 2019 4:37PM
  • OK - here is the scenario. I have a customer that after viewing the Customer Statement of Accounts shows that they have a credit balance - money that they have overpaid. How would you handle this? My thought would be to set up a new account under Chart of Accounts / Liabilities / Customer Prepayments and Customer Credits. How would I sho…
    scout_treas 30 views 7 comments Most recent by JamieD June 4, 2019 4:30PM
  • Is it possible to set the category of a transaction automatically based on the description? Having to manually set hundreds of transactions/month is laborious and boring. In some cases the category name is identical to the description, in my instance uploaded PayPal fees have the description PayPal Fee and the category is PayPal Fee. In most in…
    Booga 13 views 2 comments Most recent by alexlewiszarkos June 3, 2019 10:03PM
  • Still struggling with PayPal over here. My PayPal account is integrated with Wave. Transactions don't seem to automatically import; I have to manually go to the PayPal integration page, click Save (even though I don't change anything), and then the transactions are imported. However, a total of four separate unsplit transactions to my PayPal accou…
    HandymanHeadlee 37 views 2 comments Most recent by HandymanHeadlee June 3, 2019 3:22PM
  • dondon
    Hi, I'm just trying out Wave to manage my small home-based business expenses. I'm really only using it (so far) to manage my expenses and keep track of receipts. I'm wondering, how easy is to go back and look up/search and view a receipt a receipt that I entered in the past. I know I can run a report to tally the total for that expense category…
    don 234 views 9 comments Most recent by wildmercury June 3, 2019 2:21PM
  • Hi there! I have operated a very small business since 2015 and I have never kept track of things like: inventory, assets, liabilities. My transactions have been extremely minimal, though I do have inventory and I have filed taxes and kept bad records. I want to start a fresh set of books from 2018 onwards, but I am lost as to how I account for…
    KathleenEmilyAnne 17 views 1 comment Most recent by Mikeg June 3, 2019 1:09PM