Accounting Release Updates
All you need to know about the latest feature releases from our Accounting team!
Discussion List
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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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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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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…Charlotte Announcement 374 views 7 comments 1 point Most recent by virgilwashere August 19, 2019 4:08AM
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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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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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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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Hey Team WAVE -- Users need an option to ARCHIVE (vs. delete) Estimates. While I feel that down the road we (our unique business) may find a use for archiving Contacts and maybe Invoices, archiving Estimates is a must-have to "clear the noise/clutter" of the unnecessary past and focus on what what Business Owners need to focus on... live…
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I want to give access to a colleague to do invoices... but don't really want to give access to bills and reports. Is it possible to restrict access? Chris
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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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Sure would be nice if we could add a budget... better yet budget vs actual.
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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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The Dashboard has some minimal graphics, but being able to see Income, Expenses, or Net over several years it helpful. It could be as simple as a table or fancy like a double line graph. The pie chart on the Dashboard is great for expenses, but it only shows current year. Would be good to have a drop down menu so I can look at prior years. But…
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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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Hello, I'm still on the old version on Wave so I'm not sure if any of these features are in the new version but these three things would make Wave so much smoother for me: * Can you identify on the line of the transaction whether a receipt/document is attached? At the moment I merge the receipt with the automated download to make the one transac…
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Hello! I'm new to Wave. I Imported this year's bank statements for a client and now I need to associate quite a few recurring expense transactions with the appropriate vendors, but I don't want to have to make the matches individually. Is there a way of doing this in bulk?
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Precondition: 1. Invoice was sent via Wave. 2. Supplier deducted and withheld WHT at source. 3. WHT Receivables account is on Chart of Accounts. Steps to follow: 1. Tap Sales and then Invoice. 2. Click on particular invoice sent to Supplier and tap 'Receive Payment' 3. Input the WHT value, Bank Account payment was made by Supplier. Don't send th…
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It looks like accounts are listed in the income statement (within their overall section eg expenses) in random order. E.g. Accounting Expense might come after Vehicle Expense. From what I can tell, it relates to when the account was created (i.e. the accounts that were created first appear at the top, those created last appear at the bottom). Thi…
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Hi, With the new brand update, it would be nice to get an improvement on some of the neglected features, primarily search. Currently, there's no way to search keywords in the project/job name or item descriptions. I've had a few clients in the past ask for clarification on old estimates or I've had to follow up on older invoices to get paid. The…
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Receipt Processing - Order Category and Payment Account by use frequency or last used time I guess most people will use the same payment account for a business, when there's a lot of payment account, pick up one by scrolling down the list everytime is not efficient.
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At the moment receipts are ordered by uploading time. Filter is only available by processing, ready and done. Hope wave can add order receipts by receipt date function. Also if add a search function/filter by merchant, date range, status, category, paid method etc that will be great.
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I am new to wave and I am using it as my accounting software for my business. I do have a pos system that is currently running on my shop. I do provide my customers with gift vouchers on on my POS system. I have entered my daily transactions which are either cash or credit cards payments on the wave system as total daily transaction. How can I rec…
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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…
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New Charts of Accounts was announced on 20-Dec-2017. However i dont see those options even now. Below is screenshot taken today. (Image)
