Accounting

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  • Hello, I am dealing with a nuance with my bank in the UAE. Since Jan 1, 2018 VAT (5%) has been introduced. Since then, my business bank charges me the monthly banking fee as a separate line from the VAT. So I get two transactions from automatic download: 100 for banking fees, 5 for VAT / sales tax on banking fees. Wave sees the "5" as "uncate…
    MontiCo 28 views 1 comment Most recent by James_Hudson February 20, 2018 9:25PM
  • Both entries in the knowledge base, do not specifically address the payment recording by collaborators with max privileges. Thought it is possible for invoices, we don't find the way to record bill payments. Please advise. https://support.waveapps.com/hc/en-us/articles/208624336-What-is-the-difference-between-an-owner-and-a-guest-collaborator- h…
    evanssuzie 28 views 1 comment Most recent by James_Hudson February 20, 2018 9:00PM
  • I would like ask you to help me in regards to change of business name. I have changed Business name but I can see in Reports old Business name.
    Bojan 193 views 1 comment Most recent by Alexia February 20, 2018 7:28PM
  • I would like to see a list/graph of all the expenses and income for the previous year for just one of the accounts that I have registered with Wave. At the moment it shows transactions from both of the accounts
    pampasdeer 4 views 1 comment Most recent by Alexia February 20, 2018 7:22PM
  • Is bulk printing option available ?
    tarun 15 views 3 comments Most recent by Alexia February 20, 2018 7:10PM
  • I just recently added the Wave Receipts app to my android phone. When I went to log in as an existing customer, instead of "sign in" at the bottom on the log-in details it said "reset password." Can you help please? Cheers, Brynn
    brynna 37 views 1 comment Most recent by Alexia February 20, 2018 4:43PM
  • Just curious as I have not been able to find any info about this one. I am an accountant and if I wanted to set up some of my clients on to Wave, and then transfer the ownership to them once all set up, is that possible? I would then remain only as a collaborator.
    Bryce 67 views 8 comments Most recent by Bryce February 20, 2018 10:28AM
  • hi we need vendor statement is it possible???
    refitanimalcare 21 views 1 comment Most recent by UHRP3 February 19, 2018 10:37AM
  • In the transactions page, I assigned a transfer of money from a different account to Personal - Cash on Hand. Why won't this money come up in the income section? How can I add cash payments that go into my account as a bank transfer or cash at the bank to my income statement?
    anna 326 views 3 comments Most recent by Charlotte February 18, 2018 9:56PM
  • Hi, I have accounts in several currencies and my business currency is UAH. The problem I am having is that all accounts (not matter the currency) are displayed in UAH. So, I made several transactions from UAH to USD account, let's say total 10k USD. When I want to transfer those 10k to another USD account, weave shows me that some money is left…
    lumaks 41 views 0 comments Started by lumaks February 16, 2018 12:05PM
  • Hi. I purchased inventory items using a credit account; however, the money was refunded back to the same account without ever receiving the inventory items. The purchase transaction is categorized under Inventory assets. My question is: how do I categorize the refund itself so that it negates the original inventory purchase? One of the existing op…
    cor_mann 24 views 2 comments Most recent by cor_mann February 14, 2018 10:00PM
  • How do I add an alternative email address to always be copied in on the emailed invoice and NOT my email address so the customers email and another cc email besides my email
    Ursula 13 views 1 comment Most recent by Alexia February 14, 2018 7:39PM
  • Hello! Ive been running my freelance practice for 4 years or so and used Wave for my basic accounting needs, and was registered as NAME X (as sef-employed, with a business name). Ive officially registered and incorporated the company in April 2017 bearing the same NAME X, but I carried on using the same business on Wave app... Now I want to do ev…
    naylag 53 views 1 comment Most recent by Alexia February 14, 2018 3:00PM
  • Hi My company is in USA. I just created my account with Wave while I am at the moment travelling in Switzerland. The currency showed up as CHF. How can we change it to USD?
    Baader 247 views 1 comment Most recent by Alexia February 13, 2018 9:49PM
  • Hi, My company is incorporated in Switzerland but we work mostly across the border and all expense receipts are in €. However, when scanned into Wave, all receipts turn up with their amount in CHF (Swiss Francs). Is there a way to change the "default" currency for scanned receipts? I have already set my business currency to € and I do not wa…
    rogiervdheide 52 views 1 comment Most recent by Alexia February 13, 2018 9:32PM
  • My new client is in farming, she only has paper bank statements and paper everything, invoices, gas bill. Obviously, no online banking. How do I even start importing the data?
    buchhatler 27 views 2 comments Most recent by Alexia February 13, 2018 6:41PM
  • I share my saving account between two businesses. (photography and renting out a property) For the property business I created bills in Wave that I want to pay. I paid the actual amount from my savings bank account which is connected to my photography business. I selected the transaction(bank synced) and moved it to my 'property business account'…
    Rusticus du Preez 17 views 2 comments Most recent by Rusticus du Preez February 13, 2018 5:04PM
  • I am renting out a property and have created monthly invoices to the lessor for the rent amount. There are other ( variable) costs like electricity that they are responsible for too, however I have to pay those bill and then pass on the cost to the lessor. What is the best way to do the accounting for that in wave? My first stab at a solution i…
    Rusticus du Preez 73 views 1 comment Most recent by Alexia February 12, 2018 8:44PM
  • I want to buy assets and prepay purchases but Wave doesn't seem to allow direct purchases into balance sheet accounts? It isn't good practise to use a journal entry.
    RitaAbogaa 91 views 1 comment Most recent by Alexia February 12, 2018 7:02PM
  • Dear, We have sold a car which was bought 28k, and for which we took into account 8k of depreciation charges. We sold it for 24k and need to know how to take this disposal into account on wave please.. Many thanks, Rgds.
    hfayaz 272 views 1 comment Most recent by James_Hudson February 12, 2018 6:23PM
  • I need to archive my business and it needs to hold payroll this is the message " Before you can archive this business, you must take the following actions. Put the Payroll service associated with this business on hold When you’re finished, reload this page to continue archiving this business. " How can I do this
    anas 38 views 1 comment Most recent by James_Hudson February 12, 2018 6:18PM
  • I have a small relative new home based bakery. I do everything by one credit card, no business checking account yet. Here's the problem, when I make a payment to that credit card for money owing, it shows up as income. So if I have $1000 in sales and have made $1000 in credit card debt payments, it shows I have $2000 in income. I've tried to a…
    kelli1b 1.2K views 1 comment Most recent by James_Hudson February 12, 2018 6:09PM
  • Hello, Is there any way to make prices VAT inclusive? Thanks.
    nimonogi 163 views 1 comment Most recent by Alexia February 12, 2018 5:25PM
  • I love the idea and how the bank recon is performed. Very intuitive. However I am having issues, when placing the date and amount for the bank statement, it will load one day forward. ie. If I put a date 31 May 2017, it will load as 30 May 2017. Because my bank chargers and items are on the 31 May 2017, last day of the month, my bank account s…
    CFO_Hire 60 views 9 comments Most recent by majohnboy February 12, 2018 10:05AM
  • I have downloaded the Jobs and Tax Act and I'm going through it now. But does anyone have a beat on where it discusses whether Hobby Losses will still be allowed?
    TaxLab 4 views 0 comments Started by TaxLab February 10, 2018 4:13PM
  • Is there a way to put into transactions money billed but not paid?
    JulieJoanes 16 views 1 comment Most recent by Alexia February 8, 2018 3:00PM
  • Hi all, Sorry I am a bit noob in accounting. Just want to know the appropriate way to keep account records if cash transfers to bank and vice versa. What I did at the moment is use income/expense in a specific category but just change the Account type. Thanks for helping me out.
    Ikhwan Burhanuddin 23 views 3 comments Most recent by OMB February 6, 2018 7:30PM
  • how do I include clients and products that I have created on the transactions?
    mherzog 22 views 1 comment Most recent by Alexia February 6, 2018 3:45PM
  • We just re-branded our company and consequently have changed our email domain name. How do I get this to reflect this in the emails and connected accounts. Both are thru G Suite and we still have the alias of the previous domain.
    Anand Panangipally 9 views 1 comment Most recent by Alexia February 6, 2018 2:08PM
  • My centre collects refundable deposit for each new student. It need to be itemised in the invoice. When I set up the item, it only allow me to tie the item to an Income account. The problem is, the deposit has to go to a Liability account as it must be refunded eventually. I can't seem to do that in Product set-up nor post directly to a lia…
    kitsky 168 views 2 comments Most recent by kitsky February 6, 2018 6:29AM