Using Wave

For questions about how to use Wave! Everything from getting started, to updating your profile, to understanding navigation.

Discussion List

  • New to Wave. Trying to figure out when paying a bill on a credit card how to change the default general ledger account that shows up.
    Larry_M 3 views 0 comments Started by Larry_M March 7, 2021 9:00PM
  • Hi, I have a liability account "Cleaner Owings" that I'd like to use to track what I owe to cleaners in my cleaning business. When the report below is set to "All Contacts" everything shows correctly. However when I switch to filter for just one vendor "Jesy", it doesn't show the Feb 20th transaction where that …
    jivey 11 views 2 comments Most recent by jivey March 6, 2021 7:30PM
  • hey :) Love Wave! I refer so many of my clients to it. Do you offer a referral program?
    Kallimadesign 2.9K views 12 comments Most recent by Markus_TM March 6, 2021 7:00AM
  • Maybe I'm missing something, but my Fiscal Year End date is Jan 31 and Wave has lots of preset date ranges to choose from when filtering transactions or reports by date range, but none of the year options are based on Fiscal Year, only calendar year. I have set my year end date correctly in settings, so why does it always default and offer only ca…
    DieterDorin 629 views 4 comments Most recent by VSB_Guy March 5, 2021 7:36PM
  • Hi, A newbie here trying to record my Sales & COGS. The sales were reflected correctly in this year, however, the COGS is reflected in the financial year when I bought, instead of this year's. How can I adjust the COGS into the correct financial year, which is in this year? Thanks in advance!
    KrysicaJ 4 views 0 comments Started by KrysicaJ March 5, 2021 2:59PM
  • hi i am in the uk and i tried to add a business today the fields were only canada and usa and no £ currency how do i overcome this thank you ....stevie13
    stevie13 7 views 2 comments Most recent by TerryGTAT March 4, 2021 7:44AM
  • Hello! We are a small business operating as an LLC in the US (if that matters). We make and sell jewelry. In the past year we started working on a new project, basically a new and fundamentally different product line - producing machines/electronics that have nothing to do with jewelry. We would now have two separate brands/product lines. Income …
    Rumi 8 views 2 comments Most recent by Rumi March 3, 2021 11:54PM
  • Anyone know when the banking will be open. I’ve signed up for Novo for my new small business but honestly I’d switch if integration was clean like the rest of the app and payment and transfers happened fast (Novo takes 4 business days to process a check by photo)
    Nnicolaysen 12 views 1 comment Most recent by AlexL March 2, 2021 3:00PM
  • Hello, I am not a finance guy and dont understand some of the basic terminologies. I recently started using Wave for Invoicing and recording my expenses. I am actually confused on how to record my expenses and under which head. For ex, where do I categorize Payements received, Fuel expenses, shopping, utilitiy bills. All I see is Cash on Hand and …
    Harjas 21 views 1 comment Most recent by JulianP February 26, 2021 7:57PM
  • Dear All, Currently, would like to add a business to my current profile, however when selecting the country only Canada and US available, leading to the currency being available for these countries only. When creating the profile, South Africa was available then, would this have changed with the T&C? Your assistance is appreciated.
    NoleneJM 8 views 1 comment Most recent by AlexL February 25, 2021 9:54PM
  • 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 15 views 1 comment Most recent by KristenV February 24, 2021 9:17PM
  • Hi Can anyone assist I have tried to set up a second company but the auto fill won't allow me to change my country or address to South Africa neither will it all me to change the currency to rands. Anyone have an idea how i can solve this. My first company set up perfectly Thanks Brendon
    Maxpaddle_7385 7 views 1 comment Most recent by AlexL February 23, 2021 2:57PM
  • Is it with everyone globally or only in Pakistan? @CallieP @Barsin @ConnorM @AlexL @EmmaP @Charlotte
    mhammadlatifACCA 3 views 7 comments Most recent by AlexL February 23, 2021 2:46PM
  • Thanks for Waveapps to create such a wonderful app I have got a question in relate to this. I am an old user of Waveapps, and recently back into waveapps with its new interface. FINAL OUTPUT I want to import my "PAST OLD" square transactions to waveapps and reconcile / match it to the bank payments, without doubling the income and taxe…
    AussieAussie 89 views 4 comments Most recent by Mw4 February 16, 2021 8:36PM
  • Hi, I have a website design customer who paid his deposit in cash. How do I make a receipt for that? I need to send it to him.
    MartyMc 5 views 3 comments Most recent by AlexL February 16, 2021 4:47PM
  • I've been using Quicken for personal record keeping for over 10 years. Seems like it has worked fairly well and included some great features, but is labor intensive for what I need. Recently Quicken has been fraught with errors and non-performance. I don't have a business or need for invoicing. My question is: 1. Is Wave a good solution for me? …
    Rolom817 1 view 1 comment Most recent by AlexL February 10, 2021 5:01PM
  • Hi I have a few expenses that I still pay for myself. So I create journal entries for each expense (debiting the expense account and crediting the following equity account: Owner Investment / Drawing account). Here is what I am not 100% sure about: The Owner Investment / Drawing account equity account is under Retained Earnings, instead of und…
    generalinq 199 views 6 comments Most recent by generalinq February 6, 2021 9:48PM
  • I've made the changes that I want to customize my invoices. However, the "save all changes" button is greyed out. I have checked to make sure that I have all the required fields completed. What have I missed?
    Brenda_Sinning 2 views 1 comment Most recent by NancyC February 5, 2021 7:48PM
  • I am wondering how to properly categorize items which are to be used for the business? For example, if I was to purchase a stereo to be used for the business only, or a magazine subscription for the business only... Thank you!
    Bc_10 12 views 2 comments Most recent by KristenV February 4, 2021 8:26PM
  • I don't know how to directly transfer money from my personal account to my business bank account. So I use paypal. I see then three transactions, a green transaction in my paypal then a transfer to my bank and a transaction in my bank. How do I categorize each?
    justme 42 views 4 comments Most recent by JulianP February 2, 2021 9:37PM
  • I own a small business where I build and then sell a product. If I make a sale and take payment through PayPal, what is the best way to enter the transaction into Wave? I could enter in each PayPal transaction manually (and also enter in the appropriate sales tax). When the time comes to then transfer funds from PayPal into my bank account (whic…
    Bc_10 70 views 1 comment Most recent by JulianP February 2, 2021 9:01PM
  • I tried searching this question before posting but came up empty. I am curious if anyone knows the best way to create a "tax only" account, or how to record this correctly. Purpose: I am in Canada and import inventory from the US and overseas. When the items clear Canada customs, we are charged HST on the value of the goods. This amoun…
    SynergyK9 12 views 2 comments Most recent by Kimpton January 30, 2021 9:05PM
  • Hi everyone. I'm new here and have a question about how to enter short term securities into Wave. The nature of my business is purely active trading of securities (stocks, bonds, futures, forex, Nadex, etc). I'm in and out of the transactions anywhere from 1 day to a couple of months at the most. I do my trading in a TD Ameritrade account. I'…
    n0stress4me 263 views 4 comments Most recent by AlexL January 25, 2021 8:53PM
  • My business checking account and business credit card are both linked to Wave. When I pay the balance on my business credit card from my business checking account this transaction is Uncategorized. What category should this be? Should it be the drop down category: “Transfer to Bank, Credit Card, or Loan”? Thanks
    Bc_10 22 views 1 comment Most recent by Mikeg January 24, 2021 1:41AM
  • Hi Wave, I'm a non-US user of Wave for a few years. In regards to your recent announcement on the changes that will affect non-US users, may I know how long will you allow me to stay with Wave? I'm currently looking for alternative to migrate but I'm afraid it's going to take some time. Appreciate very much if you could at least let me know the ti…
    Maikeru 35 views 4 comments Most recent by JulianP January 22, 2021 9:21PM
  • I've created Inventory accounts that I don't want to use. How do I get rid of them?
    Eileen 13 views 3 comments Most recent by Eileen January 22, 2021 6:15PM
  • I would like Wave to send an automated email - thanking the customer for making a purchase with a checkout I have set up. I don't see that option. Why not? How can I do this? (*i do see I can send a message once the payment is done - but I want to send an email with a link in it) Is this possible? How do I do this?
    PaulB_1520 11 views 3 comments Most recent by AlexL January 18, 2021 9:21PM
  • Hi All, fairly new to Wave and was wondering if there is a way to show which items are taxed which tax on a line per line basis rather than it just being totally at the bottom. Not all items I invoice are taxed both the GST and PST, some only GST. Customers want to see what taxes they are paying for what items. Any help is appreciated!
    Christine_Friend2020 42 views 6 comments Most recent by StrugglingIC January 17, 2021 7:50PM
  • Hi, I just incorporated my business and spent my own cash to pay the lawyer to get things set up (Corporate registration etc) How do I enter that money into the transactions to show as an owner investment?
    Eric14 137 views 4 comments Most recent by Mikeg January 17, 2021 4:04PM
  • I am new to wave, was using joist since 2018, decided to make the switch for the new tax year so I can keep better track of my invoices with the desktop app. I invoiced a customer yesterday and they ended up paying it right away, but now I cannot see my payment when I click on it. Will my payment still go through? I realize that I need to verify I…
    LIBZBUILDINGSYSTEMS 11 views 1 comment Most recent by JulianP January 15, 2021 4:29PM