Using Wave

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Discussion List

  • For tailored support, check out our chatbot, Mave, in your Wave account. You’ll first need to log in to your Wave account or sign up. Once you’re logged in, you’ll see Mave in the bottom right corner. Mave is the fastest way to get answers about using Wave 24/7. Our Support Team is available through Mave Monday to Friday from 9 a.m. to 5 p.m. Eas…
    AlexL Announcement Closed 15 views 0 comments Started by AlexL April 12, 2021 2:14PM
  • Greetings, For starters, I found this post very helpful (click here). * I have a CC Account that has been synced with Wave since May 2020. * I have a Checking Account that has been synced with Wave since June 2021. * The Checking Account pays down the CC Account. This is how I've handled credit card payments so far... When Checking isn't there…
    Flopbot 4 views 0 comments Started by Flopbot September 25, 2021 1:12PM
  • Greetings, Is there a way to see a projection of what is likely to be in an account for the next 30/60/90 days based on what is currently entered in Wave (bills, invoices, transactions, etc.)? I'm picturing something like this which is how my personal financial software "Simplifi (by Quicken)" handles it. How am I supposed to know …
    Flopbot 5 views 0 comments Started by Flopbot September 24, 2021 7:28PM
  • I copied a transaction (and created one for scratch also just to be sure), and for some reason that line item/transaction is shown as Grey in my list of Transactions. It also doesn't have bolded text in the Date or Description columns like all my other transactions. The original transaction I copied from is not grey. And all the fields are fil…
    Gman 7 views 0 comments Started by Gman September 20, 2021 8:54PM
  • If i only use invoicing, receipts, estimates, expenses & some reports. NO linkage to banks, NO online payments. Would my ability to continue Wave platform as i currently do, from 2021 and beyond change?
    Sean_Eugene1 34 views 4 comments Most recent by Ellapandaaaa September 20, 2021 4:38PM
  • Any recommendations for how I should record Dividend payments from my business to myself? Can I simply set myself up as a Vendor and transfer funds from the business account to my personal account and record the transaction in Wave accordingly or is there a better accounting method to record this transaction? Does Wave have the ability to produce…
    JagSingh 5 views 0 comments Started by JagSingh September 19, 2021 1:22AM
  • Greetings, We have a small Boutique and use Square POS. Sales from the boutique are automatically deposited twice a week (Friday's Sales, Saturday's Sales) and whenever I get around to it, I do a third deposit of any random sales that involved cash & checks. I'm brand new to Wave Accounting and the idea of business accounting as a whole. I…
    Flopbot 18 views 0 comments Started by Flopbot September 18, 2021 8:03PM
  • My company is growing and we're opening another office in a neighboring state. We would like to know how to manage the transactions and customers for the new location. How do we add the other location and can we run reports to see details comparing both offices?
    DonteM 4 views 1 comment Most recent by DonteM September 18, 2021 12:06PM
  • Hi all, The owners of the business recently had a family friend gift them $150, to put into the business account. What would be the best way to categorize this transaction in Wave? The person giving the gift is not a client.
    MH_98 7 views 0 comments Started by MH_98 September 16, 2021 4:26PM
  • Hello, I deal in cash a lot with my business (yoga instructor). My students like to have receipts showing that they paid their money when they pay in cash. So I input the transaction into Square POS. Then I deposit the cash into my checking account. Well I have both square and my bank syncing with Wave so now those transactions are showing up twi…
    chasitypbw 8 views 0 comments Started by chasitypbw September 15, 2021 5:45PM
  • Hello, At the end of the year we transfer all profit to each owner's capital account. On the balance sheet it appears correct. We use Partner's Distribution to move the profit from retain earnings to the capital accounts as you can see below. This makes the retained earnings zero at the end of the year. But the issue I'm having is that on the…
    hhs21 7 views 0 comments Started by hhs21 September 14, 2021 4:15PM
  • Normally, when I see a credit card payment in my transaction list, I select it where it says uncategorized expenses, then I choose transfer to credit card. Then it shows the matching credit card and I select that which then connects them and I can jit the check mark for both. Lately, it has not been showing the matching CC amount, so I don't know…
    jwalter007 7 views 2 comments Most recent by jwalter007 September 8, 2021 6:55PM
  • is there any person who uses this app in Indonesia. please feel free to communicate with each other as I need someone who understands the system. regards Fredy
    Jne_legales 132 views 6 comments Most recent by lecir September 8, 2021 1:07PM
  • Hello everyone , I have a virtual bookkeeping in Florida ( Broward , Miami, Westpalm Beach ) if you are in these areas I can help and also virtually. Thank you
    RiphSimplified 40 views 2 comments Most recent by RiphSimplified September 7, 2021 2:10AM
  • I would like to have a coffee / breakfast with other Wave users in Miami. If you're interested just leave a comment below.
    Cameron 58 views 1 comment Most recent by RafaelP September 4, 2021 11:40PM
  • How do I setup a transaction in my ledger to show a refund for a purchase that has been placed onto a gift card. This is not something that would show on my bank statement since the refund went directly to a gift card. I created a journal entry (see journal entry). Would this be an accurate way to show the transaction?
    kweis 4 views 0 comments Started by kweis September 3, 2021 4:48PM
  • Hello, I'm looking to use Wave for tracking my local Boy Scout troop finances. Does anyone have a guide for this type of tracking? Below is one of the main use-cases I need to be able to support. In general I need to support this type of functionality 1) Track Income and Expenses for Trips 1.1 Track payments (income) from Members for the Trip…
    mlogan 24 views 2 comments Most recent by sdrapeau September 1, 2021 4:33PM
  • As the title asks.
    RockPaper 4 views 0 comments Started by RockPaper September 1, 2021 4:04AM
  • Newbie question: how can I go about syncing with Square to get raw sales values, prior to the 2.75% Square processing fee? As is, I only import my bank info, which includes the deposit from Square. This artificially lowers my sales figures by 2.75%, and I'm not sure how to fix this. Any advice on this?
    HCTR 415 views 10 comments Most recent by Flopbot August 27, 2021 4:25PM
  • Hi, We have recently incorporated and have invested some money in company on various things. I have added two shareholder loan accounts for each of the partners and put the expenses in their names respectively. Now how pay back the shareholders and record the transactions ? I have put the partner's initial spend as expenses ? Is that incorrect ?
    mayank646 16 views 0 comments Started by mayank646 August 23, 2021 12:22AM
  • YunYun
    Hello there, I’m wanting to turn on credit card payments for my clients soon but afraid to do so with all the BMO issues I’ve been reading. Can anyone shed some light on this? Are there currently any issues with credit card processing and paying it out to a BMO business account?
    Yun 7 views 0 comments Started by Yun August 19, 2021 9:08PM
  • My client paid me through Wave on July 28th. First I had to link my bank account. Then I had to wait for it to be verified by Wave. Then my payment was on hold. Now my account is under review. I am so pissed. Online there are reviews saying Wave has kept people's money for months at a time, only to refund it back to the person who sent it. This …
    AlexanderBiega 16 views 0 comments Started by AlexanderBiega August 5, 2021 5:28AM
  • 123123
    please help
    123 16 views 1 comment Most recent by hsquaredbookkeeping July 30, 2021 7:14PM
  • How do I add bills to my Personal account? I dont see purchases or add vendor anywhere.
    waveuser34486 5 views 1 comment Most recent by hsquaredbookkeeping July 30, 2021 7:12PM
  • I began using WAVE on 1st Jan 2019. At the end of 2019, financial reports were compiled for audit and taxation. All are well. But I did not end 2019 as a previous fiscal year. I merely continued inputting data. Now I need to compile financial reports for year ending 2020 and found that balance sheet still shows 2019 figures. How do I go back to en…
    gailgeh 3 views 0 comments Started by gailgeh July 28, 2021 3:33AM
  • I want to create a new business with a fairly empty chart of accounts. I find whenever I create using one of the existing types (ie. Landlord), it fills the chart of accounts with a lot (~30) accounts that I don't need. I can take the time to archive all of these accounts, but it takes a while to do. I'd much prefer to fill the chart with the acco…
    Armindilo 2 views 0 comments Started by Armindilo July 25, 2021 1:15PM
  • I have two short-term vacation rental properties, using two different bank accounts. I am NOT an accounting kind of person, and many of the terms in the software are confusing to me. I'm hoping that there is a template that I can use to set up Wave for my situation. My thoughts on what I would like to do: * I would like to be able to run repor…
    PapiMike 13 views 2 comments Most recent by Coastal_Calm July 24, 2021 1:11PM
  • Hi. I am a UK user. I understand that Wave soon won't be available in the UK? When will I lose access please?
    Speak_Life 51 views 4 comments Most recent by Amberfilm July 20, 2021 1:48PM
  • how do you account on sales invoices for the new UK construction industry VAT reverse charge that started on 1st March 2021.
    mac45 2 views 0 comments Started by mac45 July 13, 2021 10:27AM
  • A client has paid twice for the same invoice. I have allocated the first payment to the invoice but don’t know how to allocate the second payment to their account as a credit. There is no option to allocate this payment to a specific account only an invoice. I am on the free package. Please advise how to do this 😊
    Tinks_Ewing 1 view 0 comments Started by Tinks_Ewing July 9, 2021 5:17AM
  • Hi All Understanding Stripe features are removed from 30th June. We don't use stripe or credit card payment features. We use Wave for Invoicing only and bank reconciliation. All clients direct deposit. Details on Invoice Footnote. Will i still be able to use Wave in this capacity after 30th June ??? Can i still access all previous invoices if the…
    Tania17 13 views 4 comments Most recent by Tania17 July 7, 2021 11:39PM