Accounting Release Updates
All you need to know about the latest feature releases from our Accounting team!
Discussion List
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Hi, Wavers! We’re developing several new features to make your accounting experience faster, easier, and more flexible. These upcoming features are based on feedback from customers about how they use Wave and what you need to make managing your business faster and easier. We listened, and we heard you say you need efficient, powerful solutions t…Tara_V Announcement 4K views 31 comments 5 points Most recent by mcfarlandsamuel April 3, 2020 8:38PM
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We’re investing in cutting-edge ways to use machine learning technology to deliver a faster, more insightful experience in Wave. You can see this at work with new automatic categorization on your bookkeeping transactions. (Image) Wave now learns from your categorization behaviours, as well as the preferences of other people using Wave, to autom…
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Hi Wavers! Our team has been hard at work completely reimagining Account Reconciliation. It’s now easier than ever to get your accounts reconciled, and feel confident about the accuracy of your reports at tax time. Watch the video! To get started, head to Accounting>Reconciliation from the left-hand navigation in your Wave Account. You’ll s…
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Hey Wavers! We’ve updated the bulk edit tool on the Transactions page to include accounts. Now, you can update the account on multiple transactions at the same time. To use bulk account edit, select at least two transactions from the transactions list using the check boxes on the left-hand side of the page. Click Edit, and select Account from th…
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Accounting is often seen as difficult territory for those of us non-CPAs out there, but learning how to perform the management accounting for your business is easier than you think (we promise)! With our Fearless Accounting With Wave guide, you can take the accounting for your business into your own hands and gain a better understanding of your bu…James_Hudson Announcement 963 views 12 comments 8 points Most recent by Hot_Glass July 6, 2019 4:39AM
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We hope you'll love a faster, easier experience for our Accounting platform. We're really excited to share these updates with you. If you don't see them now, we're working hard to make sure you see them soon. * Cash-based reporting - View your business’s performance on a cash basis, and see how much cash you have coming in and going out in any gi…
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Wave+ are in-house paid services to assist you with accounting and bookkeeping. These services are completely optional and are not required to get the full functionality of the Wave experience. Accounting Coaching is for entrepreneurs who either want an expert to help them set up their accounting from the start, or are looking for an expert to ad…
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Hey Wavers, We know that as a small business owner, cash basis financial reporting is essential to understand how your business is performing and to file your taxes. We heard your feedback, and we’ve released an update to your reports in Wave that allows you to choose either Accrual Basis or Cash Basis when you run most reports. Both Cash Basis …
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Hey Wavers, We’re currently doing some maintenance on the Cash Flow report in order to make the report more accurate and easier to read. While we’re making these updates, you can still run and export any of the reports in your Wave account. The improvements include the following changes: * We’re replacing the two calculation methods available i…
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Since we launched the ability to search by description earlier this year, we’ve had numerous requests to enhance this functionality to allow you to search by transaction amount. (Image) This functionality currently searches all transactions in your business currency. To search for a foreign currency amount you must first filter to that account,…
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We sent 11 invoices to a Travel Agency that we have been working with regularly. As all invoices were overdue, we phoned and asked them what the problem was. They replied that they had not received any of the 11 invoices, all sent via Wave with copy to me. Copy to my own inbox arrived immediately (and in previous months also arrived @ accounts dep…
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Two duplicate credits. Same date, same amount, same account, same category. When selected the merge button does not appear as available. Why?
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Hey Wavers! We’ve updated the edit account tool on the Chart of Accounts page to allow movement between different types (with some restrictions). To change the account type click the edit icon: (Image) Then select the account type you want to switch to from the drop-down and Save: Note: Due to the way the system is built, movement is only a…
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Hi Wavers! On November 18th, we’ll be kicking off a planned upgrade to the Wave Accounting database. We'll update this forum post to let you know when maintenance has started, and when it has concluded. In your account, this means that you’ll experience two brief periods when your data will be in read-only mode. When this happens, you’ll see a b…
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Previously, journal entry line items associated with sales tax accounts were assumed to be payments to the government. We've listened to your feedback that you need the ability to add journal entries to increase your sales tax collected to increase your liability, as well as the ability to increase your sales tax paid on on purchases. We're pleas…
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You've been asking for this functionality, and we're happy to report the wait is over. Search transactions by description to group them to streamline your bookkeeping. (Image) You can use this feature with the bulk edit functionality to quickly categorize, add sales tax, and mark transactions reviewed in one go. What do you think of this featu…
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Uploaded a receipt and have your bank account connected? Marked an invoice paid and have the payment import from the bank as well? Duplicated income or expense transactions are now easier than ever to manage with the merge function. (Image) Simply select two transactions that are both deposits or both withdrawals, with matching amounts and acco…
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Another new feature to streamline your workflows, keyboard shortcuts! When you’re ready to save the details of a transaction, simply hit “Ctrl + S” (Windows), or “⌘+S” (Mac). What do you think of this feature? Has it been useful? Anything you think we can improve? Other common actions you'd like to see us introduce keyboard shortcuts for? Let u…
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If you have your bank or credit card set up to import transactions to Wave automatically, you may have noticed that some transactions were already categorized when they imported. We know this is a time saving feature, but in talking with customers and using the automatic categorization ourselves, we knew we could do better. We're pleased to annou…
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Noticed your historic reports have changed and struggling to track down the root cause? Good news! We've introduced a modified date filter to the transactions screen to make it easier to isolate these transactions. (Image) Click More Filters to access the date modified filter. We've also added this information in the details panel for each t…
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We're happy to announce a new time saving feature for those repetitive transactions. Duplicate in a single click to save time on your bookkeeping. (Image) Please note that you must save changes to the transaction you're editing before you will be able to duplicate it. Also note that payment transactions and transfers are not able to be duplicat…
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A new feature to improve your expense by vendor reporting. You can now add a vendor on transactions. (Image) This will allow you to get a more complete picture of your relationship with your vendors without having to create a bill for every expense. Note that vendors can only be added to expense and refund for expense transactions. What do yo…
