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, As we teased in this post back in April, our update to the transactions page to make it faster, more intuitive, and responsive across your devices is almost here! We’ve updated the Transactions page based on your feedback and what you need to make managing your business faster and easier. For those of you who have been with us since t…
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We have several QB bookkeeping clients, some are nonprofit orgs — is there nonprofit accounting with WAVE? Additionally, how do we have an agency or consultant account with WAVE to manage books for clients? Is that doable? Perhaps I should add that as separate post?
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I cannot figure out the merge function when related to transfers. My credit union posts the $2,000 mortgage amount due in my checking account and then our account pulls in money from our BMO Harris account to pay it. In my transactions, it looks like two payments. IN essence, the BMO Harris account is actually paying for the mortgage. In other wo…EllenMadaline_413 5 views 0 comments 0 points Started by EllenMadaline_413 September 18, 2021 11:04AM
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We used to be able to see whether we had accounted for tax (VAT) on each transaction line. Now we have to open each transaction line to see whether tax on the transaction has been accounted for. Why was that removed? It makes no sense!
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User Account Control (UAC) is basically a security feature of Windows that safeguards your system from making unauthorized changes. But, at times if the Windows User ACcount Control Settings are set to high then it might restrict you from QuickBooks Update. And thus, it puts the entire update process at halt and ends up with QuickBooks Error Code …
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I have several people who make purchases for my company. What I love about [email protected] and the Receipt App is that as soon as the purchase is made, the purchaser can upload the receipt without fear of loosing the receipt. I have 6 people who purchase items and they immediately upload the receipt using the email or the app. Then I link t…
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Hi, I would like to know if it is possible to unmatch a number of old transactions in bulk. I am new to the wave program, starting the year in 2020, and these transactions go back almost 7 years. Also, would be able to explain why I would have a bulk on transactions unmatched. Is this due to the account not being set up or synced correctly? Why wo…
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Hi Wavers! We're very excited to announce the official release of the new and improved Transactions page. We’ve leveraged your feedback to develop a new version of the page which makes it faster and easier than ever to manage your bookkeeping in Wave. For existing beta customers, the new page will become permanent on Monday, March 22nd, and will…
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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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I unintentionally clicked the "save" option within the Transactions page. Immediately after clicking "save", the transaction disappeared. Where is it now? What does "save" do?
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How can I add the taxes for my expenses in the transaction page?
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We recently announced we’ll be retiring the Wave Receipts mobile app, and focusing our attention on delivering an optimized receipts experience in waveapps.com. We appreciate the input we received in response, and want to provide more detail on what this upcoming change means for our customers. Our goal is to build one unified experience that bot…
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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. This functionality currently searches all transactions in your business currency. To search for a foreign currency amount you must first filter to that account, then s…
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hi! I am trying to enter an expense and having some difficulty with the new update for Transactions. Has Wave removed the field for entering comments/notes with the expense? I can't seem to find it. Thanks in advance for your help!
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Hi, Since the new transaction update when I have transferred money from my savings account into my tax payment savings account it automatically did the corresponding journal entry in the tax payment savings account but it hasn't changed the "All Accounts" drop-down list to reflect the transfer amount that has been done. The amounts in e…
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Please note that this discussion has been closed, but you can continue to follow the conversation in our updated post here. Hi Wavers! We’re excited to announce that our team has been hard at work leveraging your feedback to develop a new and improved receipts feature. The new receipts feature will launch in June, and with it, we will be retirin…
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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…
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Is there a way for a customer to look up their account to see their balance or how much they have paid?
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Good day, I wish Wave can make the reports smaller. The reports simply take too much space. A simple report normally prints on two pages, other accounting software would probably use half a page. The reports need to look more professional. These reports are shown to customers and suppliers and it does not look very good. Please remove the extra sp…
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Hi. I have two businesses in Wave and realised that the new one has Settings > Payments > payments set to 'Wave Payments' instead of 'Cash on Hand'. I have adjusted that setting to the latter but how do I recover the money from the invoices that have been paid this week to the 'Wave Payments' setting (or will that happen automatically now th…
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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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I am struggling to know how to report a software glitch. I am sure you are onto the big problems that arise because we never see them but small things my pass you by. Currently when I print an invoice it will also print by default a second blank page. Is this just me or do other people have this problem?
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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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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. Simply select two transactions that are both deposits or both withdrawals, with matching amounts and accounts an…
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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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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. Wave now learns from your categorization behaviours, as well as the preferences of other people using Wave, to automaticall…
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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: 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 allowed …
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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. 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 feature? Has…
