accounting

Discussion List

  • Hi, Please fix your sales tax reports so that they tally the totals based on monies COLLECTED as opposed to just invoiced. We do not pay sales tax on invoices that have not been paid yet, as we have not yet "collected" that amount. Sales tax is a pass through that we "collect" from the customer and then pass on to the state. Thank you.
    WhiteGlove 11 views 2 comments Most recent by JamieD April 23, 2019 3:41PMSales & Invoicing
  • Hi there, I live in BC where we have both two sales taxes: GST (recoverable) and PST (non-recoverable). When I record an EXPENSE using Wave (see my Shopify transaction), you can see only GST is marked as recoverable, even though I accounted for both taxes in my entry. For expenses, my sales taxes are behaving as expected. However, whe…
    youngstreet 10 views 4 comments Most recent by youngstreet April 23, 2019 2:55AMAccounting
  • Dears Wave's team as non profit business I still examining this software and for non profit accounting it is important to have extra classification for the income and the expenses this can be added in many ways 1- make product and services provide sub items/services , this can help to classify the services as restricted or unrestricted for th…
    eyadkat 6 views 1 comment Most recent by Charlotte April 22, 2019 9:19PM
  • Hi there, I recieved my first credit card payment the other day and noticed that a transaction was credited immediately under the Account "Payments by Wave". That Account appears under the heading "Money in Transit. That makes sense because it has to be process via Stripe first before hitting the bank account. When it did come into the back …
    rainwlilds 18 views 6 comments Most recent by HandymanHeadlee April 18, 2019 11:16PM
  • Hi, How should the following two transactions in an S Corp's Wave account be categorized and/or handled? Transaction #1: A $50 personal expense is mistakingly made with the business debit card Transaction #2: In an effort to correct transaction #1, a $50 deposit is made to the business checking account from the owner's personal bank accou…
    HOSPM 11 views 5 comments Most recent by Mikeg April 10, 2019 12:58AMAccounting
  • I'm an international user (there's no option to link my bank account to Wave), with not much accounting experience. I'm trying to find out how to enter my credit card information in Wave Accounting. I created an account for my Cash Back Credit Card under "Liabilities and Credit Cards". What I'd like to know is what is the best approach to…
    Acumen3 11 views 5 comments Most recent by Mikeg April 8, 2019 5:56PMAccounting
  • 6 April 2019 kicks off the new tax year (2019-20), but this is also when the 2019 tax returns (covering the 2018-19 tax year) can start to be filed. . Returns done on paper MUST be filed by 31 October whilst returns filed online have until 31 January 2020 to be filed. Your self assessment tax payments are due in January and July each (save for …
    MerlinAccounts_UK 20 views 1 comment Most recent by MerlinAccounts_UK April 8, 2019 11:45AMFind a Wave Pro
  • New tax year has started so we're now open for new client's, and where better to start than by inviting our UK Wave user community to get in touch. We're experienced not only with Wave but with several other accounting solutions, not to mention 3 decades of practical experience in the accounting world. . Size doesn't matter - its true! We are h…
    MerlinAccounts_UK 12 views 0 comments Started by MerlinAccounts_UK April 8, 2019 11:36AM Pro Network Listings
  • I would like to have a coffee / breakfast with other Wave users in Estonia. If you're interested just leave a comment below. I'm in Tallinn.
    Cameron 10 views 0 comments Started by Cameron April 7, 2019 12:34PM Local Groups
  • As a sole proprietor, I have set up a solo 401(k) that I plan to contribute to both as employer and employee. I assume that I should record employee contributions as owner drawings, but I'm curious as to how I should record employer contributions. I see there has been some discussion of this in the past, but with recent updates to Wave's interfac…
    Carrie_W 16 views 1 comment Most recent by Mikeg April 6, 2019 1:55AMAccounting
  • Good day Wave community, probably an entry level question, here is the scenario: My business model currently includes an Online Event Registration provider that captures attendee information, availability etc, and which uses Stripe as a payment gateway My Event Registration provider currently allows me to capture each Client registration in …
    Fpal 13 views 1 comment Most recent by Samd April 4, 2019 5:35PMHelp Center Discussion
  • Many of my receipts might have multiple categories within a single receipt. I was surprised that I can't create multiple 'split' categories while editing a receipt. The only way I could seem to do that is to select a single category then go edit the transaction splitting it for the multiple categories. Would be nice if it could be done directly…
    sageacy 23 views 2 comments Most recent by Aug April 1, 2019 1:19AMAccounting
  • Hello. In the previous version of Wave you could check the current reported bank balance against the balance Wave calculated based on transactions. After the migration I believe it showed a way to do this quick check still, without having to do a full reconciliation - this was very useful to me. I have searched the forum and quick help guides, but…
    Jfirey2001 17 views 1 comment Most recent by JamieD March 29, 2019 6:25PMAccounting
  • Hi am a new wave user looking to file my business taxes for the year and I looking for an accountant or booker keeper who is using wave. You can reach me on [email protected]
    JustinIyizoba 6 views 0 comments Started by JustinIyizoba March 29, 2019 4:21PM Pro Network
  • ATSATS
    Hi! We are hoping to receive some much-needed assistance from a Wave Pro/Wave Experienced Accountant in Australia. We are a small Not-For-Profit animal rescue and education organisation and have recently been victims of an accountancy scam. We are hoping for a Wave Pro accountant to perhaps donate a little bit of time helping us fix our system …
    ATS 23 views 1 comment Most recent by ClaireWryghtAccounts March 26, 2019 7:34AMFind a Wave Pro
  • A similar of the scenario is in the below post. https://community.waveapps.com/discussion/comment/15336#Comment_15336 My immediate thought is to have a separate section before the "Post to Accounting" button, and show related transactions from bank (of same amount, from same payment account) so that I can combine the following three action…
    jacksunwei 17 views 0 comments Started by jacksunwei March 25, 2019 6:41PM Accounting
  • I was just wondering where I would put a bank loan in the accounts? And for the monthly repayments too, where should I put that? The same thing for a grant given by the government. Thanks in advance!
    Kadthulas2004 27 views 5 comments Most recent by MerlinAccounts_UK March 25, 2019 1:04PMAccounting
  • Hello all, I was wondering what the process would be if I’d like to setup my ETF investment accounts on my wave bookeeping accounts. Basically amounts are debited via my checking account and then ported over to an investment account. Since this isn’t really a withdrawal and more of a deposit into another account, how should i go about allocatin…
    Violanation 17 views 3 comments Most recent by JamieD March 20, 2019 9:52PMHelp Center Discussion
  • Hi, I'm just wondering how to enter a Start up Government Grant into my wave accounts, which Category. Is it a "Capital Interest" or anything else? I also need to know where and how to enter Personal Investment into my wave account? Which category does it go in?
    Kadthulas2004 15 views 1 comment Most recent by Samd March 19, 2019 7:21PMAccounting
  • Hey guys, I just went through tons of accounting apps over the past couple weeks and finally found Wave. It's really great! Love the design. I just signed up and linked my accounts but I have no idea where to start when it comes to categorizing my expenses and reviewing the reports. What would you guys recommend for reading to get started wi…
    Cameron 56 views 1 comment Most recent by Zoe_caff March 18, 2019 3:51PMAccounting
  • SriSri
    Last week we had a payroll transaction and amount was deducted from account. There was a mistake on payroll and bank reverted the money back to account. Now it is showing deducted amount as "Uncategorized Expense" and reverted money showing as "Sale". How to category them? I cannot put them as "Transfer" because both from same account.
    Sri 22 views 1 comment Most recent by Ryan_W March 15, 2019 10:26PMAccounting
  • I wondered if you could help me find a way to mark invoices as paid without there being an actual income written on the account? The nature of our business means that we invoice our tutors for a commission for their private tuition work. These same tutors also get paid for other assignments direct through us. We tend to then deduct the payment…
    RachelAtkins50 15 views 0 comments Started by RachelAtkins50 March 13, 2019 1:50PM Sales & Invoicing
  • Wave is still a great product even though it isn't going to be MTD for VAT compliant - this doesn't impact on you if you aren't VAT registered, nor if you are VAT registered BUT have turnover below the VAT threshold. With developments in the pipeline for downloadable reports that will work with MTDVAT bridging software (VitalTax is a free produ…
    MerlinAccounts_UK 48 views 1 comment Most recent by PaulC March 8, 2019 3:09PMPro Network Listings
  • Hi guys, I upload my bank statements monthly and O was just wondering if there is anyway that I can change the category of everything at the same time? I am upload over 200 separate transactions however they are all for the same category. I am currently having to go into each one and change the category - which is making it more laborious than …
    MayaMercer 7 views 1 comment Most recent by alexlewiszarkos March 7, 2019 5:15PMAccounting
  • Hi all, I'm looking at my Profit & Loss statement and I'm seeing that Wave is recording: Payroll Gross Pay + Payroll Employer Taxes + Payroll Salary & Wages as operating expenses. This means it shows the payroll amounts twice as an expense and this expense is duplicate. When I look at Payroll Gross Pay, it shows in the books as…
    peng_o 30 views 1 comment Most recent by Mikeg March 6, 2019 12:46AMAccounting
  • It's not too late to get your accounts in order for your 2018 (or older!) tax returns. I have extensive experience setting up new accounts and cleaning up existing ones. Visit my site or message me for more details. www.accountingforcreativity.com Boston based, willing to work outside local area.
    StaceySimon 76 views 0 comments Started by StaceySimon March 5, 2019 7:15PM Find a Wave Pro
  • So I run a small business. I have one business account, one business savings account and my personal account. My startup costs came from my personal account and some of my ongoing expenses. Sometimes I move money from my business account to my personal account to cover those expenses. I also move money that I consider profit to my personal accoun…
    Sungover 5 views 1 comment Most recent by Mikeg March 2, 2019 12:50PMHelp Center Discussion
  • Hi started using Wave for my new office. I make a record of purchases by creating bills from a vendor, the payments for these multiple bills are made only at the end of the month through a single bank transaction. Could you assist to record payment of multiple bills using single transaction in Wave? In short - how to record Multiple bills paid…
    Vineeth 14 views 1 comment Most recent by Samd March 1, 2019 7:13PMAccounting
  • I have tried uploading my csv multiple times. Everything goes smoothly and i get this message "Your transactions are being imported from your bank statement. Please check back in a few minutes." i have uploaded a few times and in the past hour i still have no seen the transcations updated. I also tried clearing the cache like it was mentioned…
    bhimabi 22 views 1 comment Most recent by bhimabi February 28, 2019 7:43AMBank Connections
  • We are as near to you now as you are to your computer or favourite mobile device, so whether you're based in John O'Groats or Lands End, Anglesey or Dover or anywhere in between we can provide you with all your accounting needs. . . Need a face to face chat? We're on Skype! (and Skype to Skype calls are FREE! we love FREE stuff). . . Want t…
    MerlinAccounts_UK 38 views 2 comments Most recent by MerlinAccounts_UK February 26, 2019 11:33PMFind a Wave Pro