Using Wave
For questions about how to use Wave! Everything from getting started, to updating your profile, to understanding navigation.
Discussion List
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In order to have good record-keeping I feel I need to add a Vendor to each transaction. However, since adding the Vendor is an additional step and slows down data entry, I am wondering If I should stop using the add vendor feature and only use it for important Vendors. Would be nice if the vendor could show up in-line with the rest of the transact…
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hi. how do i change the options under receipts ? there is no options of expenditure in the farm profile that allows you to allocate expense to packaging. is there a way to create a new allocation? i need a packaging choice for expenses under receipts for a farm profile.
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I use my personal visa/bank accounts or cash to pay for business transactions. What is the best way to account for these in Wave? All expenses need to be repaid to our family account as this is where the above visa accounts are paid from. Any help greatly appreciated. Just spent half a day uploading receipts for April/May and now think I've done i…
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I am trying to create the transactions that it takes to account for giving away a free sample.. Cost to buy is $100. usual retail is $200. I gave away a free unit. I want to expense $100 against advertising what is the other half of the accounting entry in my WAVE accounts? Recommendations? Best practice?
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Hi all. I am a new consultant that just incorporated and I recently started a contract with a client. I am new to being a business owner and know nothing about accounting. I'd like to list off what I'm going to be doing and I hope someone can tell me if Wave can take care of these items. 1) I know that Wave can connect to my Business Bank Accou…
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Hi, I have been using wave for a few years. I would like to be able to see categories in transactions for items i have invoiced. I can see from a recent post from wave, how to attach a category for the items, but can not work out how i can do this for the past items. Thanks tim
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Apologies if this has already been discussed before but I am running out of time to get this sorted. Prior to the upgrade on 31 January 2019, when a payment was made created by the Wave System, it would show in the bank in full, including the merchant fee. Then, about 10 days later when the actual payment was received, it was net of the merchant…
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Thank you, I've been switching owners and emails around my businesses and everything worked as expected, although I was a bit puzzled in the beginning, it still was an intuitive process, I did find my way around "owners" "administrators" connected stuff, etc. It went smoothly, and I am very very picky and hard to please. Thank…
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I own several properties, how to enter individual properties in wave so that I can track expanse and income.
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any tips about how to go about switching to wave? no employees, just handful of independent contractors 1-when should i switch over (jan. 1?) 2-would i need to import all transactions or can i use account statements (for example, some months I may have well over 100 credit card transactions via stripe (income and fees) 3-i have a few outstanding …
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Hope someone can help. Im trying to download a report to excel but everytime I do it comes up with an error report on excel. When I try and download a different report it works fine so I think it much be a particular issue with that file but don't know how to fix it!
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I was wondering if Wave has a payment schedule option. I create websites and i ask for a percentage of the payment to be made on various dates but am unable to find any way to mark this on the invoice.Elusive_Dream_Design 46 views 4 comments 0 points Most recent by Elusive_Dream_Design April 27, 2019 1:34AM
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Do banks charge fees for connecting to Wave? Specifically Chase and Wells Fargo?
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Hi is there a way to issue a remittance advice for payments made to suppliers that will list the invoices being paid and a total amount? Fiona
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I bulk edited the category on a bunch of income transactions and now my profit loss report figures are way off correct - can I undo?
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I have a problem making adjustments to the exchange gain and loss accounts to correct the equity accounts. Any suggestions
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Hi again ... why is there not option (or how do you) split percentage of personal to business ... as is allowable expenses in the UK?
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website is SOOO SLOW!
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We are looking to start using wave, but scared as it asked for my business banking login details. Not even my own bank asks for that. Neither does stripe who tells me when money passes thru. Is this real? Do you really give your most personal bank login details???
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I am the Treasurer for a Cub Scout pack. I have each Scout's parent as a Customer with the scout's name as the account number. Some parents have 2 scouts. What this has done is create 2 Customers with the same number. (Image) * I would like to know if there is a way to pull up all the invoices that the Customer has and send them out in one e…
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If I captured a lot of receipts via android Mobile app and only afterwards realised the "capture details' wasn't ticked, is there any way to get them processed automatically afterwards? Or will I need to recapture all those receipts again? If I need to recapture them all again, is there a way to bulk delete the already captured receipts? …
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auto-categorize works great for expense transactions but does not work for income transactions like bank deposits. Why? Any way to turn that on?
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Independent Contractors, working in CA, that live out of state, are now subject to a 7% tax. This is being withheld by the hiring company upon payment of invoice. How can I incorporate this into my ledger, as the invoice amount no longer matches the payment amount. I want to be able to track this tax as well.
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Hello, I got a vacation rental agency, let me explain a few important things on how it works. We have several channels like Airbnb etc. that we use to promote and rent our properties. One of these is also our own website. We get payments either one or two installments that appear in our bank statements in different time depending the contract we…
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I am a retired Chartered Accountant helping a Rotary Club keep its Waveapps books in order. I assist the treasurer with certain transactions, review the transactions, ledgers and reports for inaccuracies etc. What I want to know is where can I find a comprehensive basic User Manual for Waveapps? Is thee such a thing or is there a site where I can…
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I use wave apps to my manage my 3 family investment property. I just switched over from using quickbooks online (QBO). I found QBO to be complex for my needs and spent an inordinate amount of time trying to keep my books straight. The move was straightforward and I got up to speed quickly and accurately. Here a couple observations I had. * I acci…
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I'm retired, with a small hobby business... meaning it involves traditional hobby subjects (crafts), but is little more than a hobby in the IRS sense... just enough where I feel compelled to do a Schedule C for it. I'm also a brand-new-comer to Wave and accounting, trying to move away from spreadsheet accounting. So I'm a little confused about ho…
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I have a client on Wave with two businesses so I need to track both business with the same Wave account. Is there a way to differentiate the businesses in wave? If yes, can I have access to multiple buisnesses as a collaborator? And finally, can I easily navigate between collaborator businesses?
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Hello I am a freelance marketer and have just started using Wave, so far so good. My issue lies more with the understanding of accounts than wave in itself. I charged a client for my design and print preparation of business cards and organised the print of them. I split these two up on the invoice for my design costs and the external printing cos…
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Is Wave a legitimate company?