Upgraded Accounting Experience

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  • I have a starting balance entered back in 2014 which I believe was accurate, and the system has been maintained since, and used for tax filings in the previous years. My current accountant needs a balance sheet for Dec 31 2018. When I run this report, I do not get an accurate 'snapshot' of the state of the accounts at that time. Half the numbers i…
    SRW87 27 views 3 comments Most recent by troympapa August 23, 2019 8:12PM
  • In the old Transactions page, I was able to enter a negative value when splitting a withdrawal while reconciling a statement from a supplier. IE. a credit for a returned item. I don't seem to be able to do that on the new Transactions page.
    TheAutoSparky 49 views 9 comments Most recent by James_Hudson August 5, 2019 1:27PM
  • Our owner is freaking out about the Balance Sheet and Income Statement displaying figures down to the cent. He wants it rounded off to the nearest whole dollar figure. Is Photoshop my most expedient route, or can this be done from within Wave?
    SFWaver2016 16 views 3 comments Most recent by Zoe_caff July 26, 2019 6:34PM
  • I am really sorry I am so frustrated with the upgrade. I just want to cry. The old version was perfect for me and now I can't move anything, I can't find anything, I can't print ..... why does everything have to change for the worse.
    Clarkey 36 views 7 comments Most recent by Barsin July 26, 2019 5:43PM
  • Hello I have linked bank feed with Wave for previous financial year and have the transactions to organise. It's a fairly simple property business but as I want it done quickly for tax reasons .. Am I able to go to Transactions and simply Check/edit description / dates etc Categorize (most of them are accurate) Add Customer or Vendor as applica…
    AngeMG 18 views 2 comments Most recent by AngeMG July 22, 2019 2:26PM
  • Hi everyone! I wanted to provide a bit more detail about the adjustment entries that you may have noticed since we’ve updated your Wave account to the upgraded accounting experience. We created these entries to account for discrepancies between how we calculated things in the old accounting experience compared to the new upgrade. These include t…
    JustinA 139 views 8 comments Most recent by Barsin July 4, 2019 8:11PM
  • Really struggling with the new WAVE layout. Is there a walk-through, video or how-to section? I have regular amounts that are transactions between credit cards and main account, main account and paypal etc. Previously I was able to just select those two identical amounts and mark them as a transfer. I have no idea how to do that in the new WAVE …
    nadworks 23 views 1 comment Most recent by ckeen_1244 June 28, 2019 8:49PM
  • I would like to be able to print individual transaction entries. I have been unable to find out how to do this. I have been told that this is not possible yet. I hope that a program enhancement can be made to allow the printing of individual journal entries.
    ChuckBunn 39 views 6 comments Most recent by ChuckBunn June 25, 2019 5:26PM
  • rsbrsb
    My company is new and hasn't made any income yet, but myself and my partner are spending money on expenses such as travel and conferences. What is the appropriate equity account to place these expenses? A separate owner equity/investment/draw account, or shareholder loan? We want to be reimbursed when the company starts to recieve income.
    rsb 77 views 4 comments Most recent by Jacqui_EN_2018 June 25, 2019 2:55PM
  • So I'm confused about how to categorize cc payments. It feels as though I would be recording 2 payments. The first being categorizing the itemized expenses and the again as a lump pay down of the credit card balance. How do I go about recording the pay down of my credit card balance? Also, I'm confused why some appear in red and others appear in g…
    tmurray 40 views 2 comments Most recent by Jacqui_EN_2018 June 25, 2019 2:50PM
  • Hello, I am new here and to Wave, I am in the process of setting up our Chart of Accounts but need to track 2 separate entities. Here is the background, I am managing 2 Furnished Corporate rental suites, each suite is owned by a separate entity which I will need to have a separate PNL and Balance Sheet for. What would be the best way to manage …
    VLS_106 24 views 4 comments Most recent by Kimpton June 9, 2019 1:46AM
  • Hi everyone! I wanted to provide a bit more detail about the adjustment entries that you may have noticed since we’ve updated your Wave account to the upgraded accounting experience. We created these entries to account for discrepancies between how we calculated things in the old accounting experience compared to the new upgrade. These include t…
    JustinA 203 views 10 comments Most recent by alexlewiszarkos May 20, 2019 5:16PM
  • Hi How can I record the inter accounts transfer, so it reflects in my assets accounts
    BritoAlesio 11 views 1 comment Most recent by Ryan_W May 9, 2019 5:07PM
  • When working through the transactions, it would be really helpful if there was an icon to show if the entry is from a receipt or from the bank - this would help with matching up to merge
    Echeb 30 views 4 comments Most recent by Samd April 13, 2019 6:48PM
  • If I'm not mistaken, the only way to export at this point is to request the giant compressed spreadsheet, right? Like the one you'd download if you were planning on switching away from Wave to use a different service? The one I requested 10 minutes ago and am still waiting on an email for? You definitely don't want people thinking about switching…
    jotcreative 44 views 2 comments Most recent by jotcreative March 7, 2019 11:02PM
  • My bank seems to report "Bill Pay and Date" but it does not specify the payee. This requires going back to my bank statement for each transaction in order to categorize. It would save a lot of time if we could sort by the transaction dollar amount. Then we can manually categorize easily. For example: My auto payment is $462 so if I could…
    Mtnwolf 66 views 1 comment Most recent by Ryan_W February 18, 2019 7:17PM
  • When clicking on a transaction the right column expands and there is the option to click on REVIEWED or SAVE. If i click reviewed do I also have to click saved..why are both options there? Thank you...Eric
    Eric_CSM_1 9 views 1 comment Most recent by JamieD February 14, 2019 9:07PM
  • Hi all! I've been using WaveApps since I was a part time Sole Prop, and switched to S-Corp. As an S-Corp, I need to reset a bunch of the accounts from the last few years, I am past the point of 'creating a new account' as my 'Scorp' launched in 2018, and the sole prop ended in 12/31/2017. Now that I'm working on wrapping up the books, I need to g…
    HeftyHolyCarp 29 views 2 comments Most recent by MitchellGillespie February 13, 2019 11:26PM
  • I have years of pdf receipts linked to every purchase transaction. However since the update when I go into an existing transaction there is no longer anywhere to view the receipt. Or I can not find out how to do this. Can anyone help me? (ps all the receipts are still in Purchases/Receipts, just not linked to the transaction). Thank you.
    Loki 17 views 1 comment Most recent by Erik February 13, 2019 10:48PM
  • T4HT4H
    I have completed all the necessary accounting activities and reconciled all transactions, balances, and ledger accounts for 2018. I need to "close the year" and provide my accountant the "year end back up file". So, ummmm, how does one generate a year Accounting Year end back up file? Here's what I'm being asked for: * A bac…
    T4H 60 views 1 comment Most recent by Katie_Silkina February 12, 2019 7:03PM
  • I understand the concept of the starting balance, but I have a couple of questions 1. Do all of the accounts need a starting balance or just some of them 2. Should the starting balances be $0 or should it be what is actually in the account....for example, I have a business loan account that I pay every month on, and I see the balance reducing with…
    dkettelkamp 75 views 1 comment Most recent by Katie_Silkina February 12, 2019 3:42PM
  • I used to sort transactions by description all the time on the old version. Seems like a simple/practical feature to bring back. Please revive it. Thanks.
    TheDude 22 views 1 comment Most recent by Ryan_W February 11, 2019 11:42PM
  • I have had an account for the last few years but didn't really use it properly or regularly. I now want to use it but need the features of the upgraded version (I'm on the old). Can I therefore cancel my account and then make a new one with the same details, email, banks, paypal etc... I realise I will lose all the previous info but that's fine, I…
    Union9 28 views 1 comment Most recent by JamieD January 31, 2019 5:23PM
  • For my own small business, I manage my Bills freqently. With the new UI update, the website looks fresher but I have discovered some areas that might need a bit more tweak and improvements. First of all, I am accessing WAVE site on my Windows 10 machine via Google Chrome browser (1080p screen). I manage my transactions/bills/invoices 99% of time o…
    chj915 80 views 6 comments Most recent by chj915 November 19, 2018 11:19PM