Accounting

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  • Hi guys Help on this one if possible! Sales Tax owed in Wave $153.95 In the real world - Sales Tax with Tax Office $154 Penalty with Tax Office $210 Credit with Tax Office $460 Balance with Tax Office $96 Sales Tax refunded to bank account in Wave $96 Questions - 1. How do I balance out the $153.95 correctly calculated by Wa…
    Chris_SHCC1 7 views 4 comments Most recent by Chris_SHCC1 February 19, 2019 11:31PM
  • Hello all, I hope that this in the correct section. I had a PayPal working Capital loan from July 18-December 18', that was paid off. A % of sales were taken from my PayPal account automatically. I have the loan set up in my Chart of Accounts, It seems like it is backwards as it is showing a negative balance. I did read the article from a goo…
    ScorpionCoatingPlus 43 views 3 comments Most recent by Charlotte February 19, 2019 11:28PM
  • We're a small NGO so does the application do the job and can it be customized for nonprofit?
    hhajj 447 views 6 comments Most recent by Peace_RCUS February 19, 2019 10:25PM
  • How would I set up each transaction with Wave: * Purchase of iPhone from Apple using Citizen One (24 monthly payments) * Monthly payments to Citizen One from Business American Express * American Express statement paid by Business Checking I have accounts for: Business Checking Business American Express Citizen One Loan Machinery Eq…
    ecamhi 28 views 2 comments Most recent by ecamhi February 19, 2019 8:15PM
  • 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 3.9K views 38 comments Most recent by JamieD February 19, 2019 8:11PM
  • I realize there is no automatic recurring payments, but when adding a monthly payment on a bill like auto insurance can I simply click "Add Payment" on the existing bill or do I need to create a new bill each month? Same thing with 1099 contractors, can I just click Pay Contractor or do I need to create a new bill each week?
    Chipfo 19 views 2 comments Most recent by Chipfo February 19, 2019 5:20PM
  • How can I export a customer listing to excel
    Yelena 2.2K views 3 comments Most recent by Ryan_W February 18, 2019 9:41PM
  • On occasion I will pay a contractor to do a small odd job for me; for example, I recently hired a student to write a simple computer program, and a professional artist to do a custom illustration. Neither one made me an invoice or receipt; I just paid them in full as soon as the job was done. And I don't have SIN numbers, which is required if I wa…
    lzr9000 5 views 1 comment Most recent by Ryan_W February 18, 2019 8:12PM
  • Hi I changed the fiscal year end to June 30th and when you go to report for the firs time it takes the correct date duration from previous year to this year, (please check the attach images) but when we select different year or even the same year again it start and end dates change to Jan 01 to Dec 31st
    VinR 39 views 6 comments Most recent by realize February 17, 2019 5:01AM
  • Hi, I have an invoice that has been raised on 10 Feb 2019 Paid via stripe on 14th Feb 2019 It's not showing in accounting?
    snappyfish 5 views 1 comment Most recent by snappyfish February 16, 2019 9:42PM
  • I'm new to wave and new to accounting, and just trying to figure this all out, so forgive my ignorant question...but is there a way to earmark or "save" some money toward a known future expense? Can I set aside a certain amount for maybe property taxes I know come once a year, and I want to save a portion each month toward that. I see in the bui…
    TrapDoor_Creative 32 views 2 comments Most recent by TrapDoor_Creative February 16, 2019 2:54AM
  • Hi, I am brand new and want to have separate pages to log my transaction categories from the personal page and business page. Can we do that? Also, I don't understand why the account balance report page doesn't allow you to pick out multiple categories to review and print. It seems to only retrieve all expenses or just one.
    Acoffman 21 views 2 comments Most recent by Acoffman February 15, 2019 9:31PM
  • Hi - Has anyone every had invoices that are missing in the Transactions section? I'm looking in the invoices section and I clearly see them there and marked as paid, but they are not found in Transactions at all. I have everything in Transactions already categorized so now I have no idea where these "missing" invoice records are. The only records …
    ctdook 22 views 8 comments Most recent by JamieD February 15, 2019 4:30PM
  • I had requested an amount XX to buy an asset on behalf of the company where I provide consulting services. So the the company transferred the agreed funds to my savings account, but later decision was made that the purchase had to be done by the company itself and thus I returned the funds transferred to savings account. Kinldy advise how do i r…
    Nilay_Shah 5 views 1 comment Most recent by Mikeg February 15, 2019 12:21PM
  • Hi! I am new in the community so hope I post my question to the right discussion chain! I was going though my bank account in wave and noticed that my bills are credited twice: the date I created the bill and the date the bill was paid. Screenshots bellow: I tried to correct it though Transactions, but there is no option to credit a …
    Julia1 28 views 4 comments Most recent by Julia1 February 15, 2019 7:49AM
  • I am trying to following the guidelines here: https://support.waveapps.com/hc/en-us/articles/115004964423-Bookkeeping-changes-to-Payments-by-Wave However, it's not working properly as I have NO Payments by Wave account. So, when I get paid through Wave, I have 3 transactions but all three are associated with my Cash on Hand account. I'm…
    TrueFireDesign 14 views 3 comments Most recent by TrueFireDesign February 15, 2019 5:01AM
  • Hi there guys. I have sold two items online and have posted them. I am trying to see where I can categorise the price of my postage costs but can't see anything. I was going to create a postage expense under operating expenses but according to google the postage costs isn't considered an operational expense, its considered an administrative exp…
    accounting4me 35 views 7 comments Most recent by accounting4me February 15, 2019 2:17AM
  • I rented a shop as barber I gave the landlord four checks to be paid across the year ( Jan, Apr, Jun, Oct). When I record the expense on these months the P&L shows a drop due to the transaction amount. Is these a way to spread the checks over the months. Eg if I pay a $3000 check I want to have it recorded $1000 for Jan, $1000 for Feb, $1000 f…
    Khaled 17 views 4 comments Most recent by amandak February 14, 2019 10:47PM
  • Hi, On dashboard in the box below "Bank Accounts & Credit Cards" it shows £2,266.59 Under Accounts > Transaction in the drop down box it shows £1,973.46 Why are they different?
    snappyfish 33 views 5 comments Most recent by JamieD February 14, 2019 6:13PM
  • How we can create one payment for two or more Invoices , because client is paying multiple Invoices in one payment and when we create payment there is single selection of Invoice.
    adminfb 20 views 1 comment Most recent by JamieD February 14, 2019 4:12PM
  • I am unsure how to characterize guaranteed payments made to my husband. He works full time for the business, while I do not. So he has a set $ amount in guaranteed payments above our profit split. We’ve done the paperwork on that as part of our partnership agreement to be on the right side of the IRS. But what is the right way to show his guaran…
    gudst01 21 views 3 comments Most recent by PaulC February 14, 2019 3:36PM
  • Is there a way to make the COA list accounts numerically, not alphabetically? It's pretty frustrating to add numbers to the accts that don't file numerically.
    blown572 12 views 4 comments Most recent by MitchellGillespie February 13, 2019 11:12PM
  • Hi, I have some questions regarding duplicate transactions. When I receive a payment in Check or Credit Card, there is a transaction for that Payment. And When my check/credit card payment clears, there is another duplicate transaction. How am I supposed to clear up this transaction? For example, 1. When I receive payment (Check) from a custo…
    rbtjd 46 views 5 comments Most recent by JamieD February 13, 2019 10:14PM
  • how does one account for the HST paid on a capital asset that will be depreciated?
    suekeetch 26 views 1 comment Most recent by JamieD February 13, 2019 6:43PM
  • Hi, I'm new in all this so sorry for newbie questions. I register Ltd. in the UK on January 28th this year, and I'm not sure when (my) fiscal year ends, on Jan 28, on Mar 31, April 5,6,... I suppose on Jan 31 2020?
    Cartmann 16 views 2 comments Most recent by Cartmann February 13, 2019 5:23PM
  • My organization uses Wild Apricot, a non-profit membership database. They have just recently added Wild Apricot Payments as their preferred method of payment to organizations who use Wild Apricot. If we do not switch to this new payment method, we will be charged an Payment Processing Fee that is quite steep. Wild Apricot does have integrations…
    NCLCA_Treasurer 18 views 1 comment Most recent by PaulC February 13, 2019 4:59PM
  • 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 13 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 18 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 3 views 1 comment Most recent by Charlotte February 13, 2019 2:17AM
  • How do I find my cash on hand and the receipts I sent from wave for my clients?
    alleypat 17 views 1 comment Most recent by Charlotte February 13, 2019 1:58AM