How do I handle trust account payments with Wave?
I have two accounts - a trust account and an operating account.
When I process credit card payments, they go through the operating account and then are transferred to the trust account. These payments are NOT income until I remove them from the trust account when they are earned, which occurs later on . My questions are as follows:
1) How should I categorize these payments in Wave when they are deposited into my operating accounting (currently categorized as income)?
2) How should I categorize these payments in Wave when they are withdrawn from my operating account to my trust account (currently categorized as expenses)?