Discussion List

    Is there any way to memorize a transaction in Accounting? I have a monthly transfer that needs to be split amongst 10+ categories, and it's a hassle to have to input each one by one every month. It would be easier to memorize the transaction and then change the amounts each month.
    MSR 151 views 12 comments Most recent by Myron August 9, 2019 7:20PMWave Features
  • I have connected my bank to wave and it suppose to recognizes when a specific amount is transferred from "Payments By Wave" account to "Bank" as a WITHDRAWAL and it creates a another transaction to "Bank" account from "Payments By Wave" as DEPOSIT - which is all good. The problem is when I see a REFUND, the transaction is shown only as a one-wa…
    ephraim 25 views 4 comments Most recent by ahwern August 6, 2019 5:25PMAccounting
  • We own 2 companies: Our company "A" and our company "B", which was recently incorporated. We've been recording most of our purchases of "B" in the books of "A", so in essence "A" has been loaning the money to "B". Therefore, in "A"’s books any purchases made on behalf of the new company or any monies transferred from "A" into the new company’s b…
    Clau 11 views 2 comments Most recent by MerlinAccounts_UK August 5, 2019 9:06AMAccounting Technical Support
  • As if you hadn't already noticed, the first VAT quarter end that is subject to the new MTD for VAT regulations is due for filing by no later than next Wednesday (7 August). If you haven't already done so make sure you are signed up for filing under MTD now as it can take 72 hours before you'll be able to file. If you are going to be late with …
    MerlinAccounts_UK 20 views 0 comments Started by MerlinAccounts_UK August 3, 2019 12:02PM Accounting
  • Is there a way to lock past year accounts after they have been closed to prevent unauthorised changes?
    stephencheah 13 views 3 comments Most recent by stephencheah August 1, 2019 12:47PMAccounting Technical Support
  • NatNat
    I have marked an invoice as paid, however, while doing so I assigned the wrong transaction to the invoice. I'm unable to edit it and attach the right transaction to the invoice, does anyone know how to do this?
    Nat 15 views 1 comment Most recent by Zoe_caff July 30, 2019 4:20PMSales & Invoicing
  • Before RBC bank, we used to work with TD bank (both Canadian business accounts). We never had an issue with TD but now that we are using RBC, the transactions are not syncing. I do see both the RBC account and the Tangerine credit card in my dashboard but when I check my transactions under the accounting section, I don't see the transactions that …
    Sergio 6 views 1 comment Most recent by Zoe_caff July 30, 2019 3:16PMBank Connections
  • Hi! In my invoices I need to create a tax code that is being deducted rather than added to the amount outstanding. Can you please guide me? Thank you!
    C_Constructions_1 60 views 5 comments Most recent by MerlinAccounts_UK July 29, 2019 8:09PMSales & Invoicing
  • How many of you have decided to stay with Wave despite the severing of the bank connections (from September) and the decision not to support MTD for income tax when (if) it comes into effect in 2021? Whist ever there are UK users of Wave we're more than happy to provide support to those users in processing their accounts and vat returns, as wel…
    MerlinAccounts_UK 20 views 0 comments Started by MerlinAccounts_UK July 29, 2019 9:42AM Pro Network Listings
  • Hi! I have several issues with the receipts app on IOS. First of all, it randomly goes offline, and all receipts entered will not show up in the accounting even when the app goes back online. Then, the app is very slow and several things randomly don't work. Sometimes, it is impossible to view the photo of the receipts as they are constantly…
    Ramy 14 views 1 comment Most recent by Barsin July 24, 2019 8:50PMMobile Technical Support
  • I created an invoice in June & charged my client sales tax. They just came back with their sales tax exemption form. The invoice has been paid. How do I refund the sales tax in the system?
    Oceanside 15 views 1 comment Most recent by JamieD July 24, 2019 7:37PMSales & Invoicing Technical Support
  • 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 31 views 6 comments Most recent by JamieD July 22, 2019 2:39PMSales & Invoicing Technical Support
  • Greeting from Account Specialist PLT, We provide outsourcing accountancy,bookkeeping and taxation services to small medium enterprise and individual. Should you face any accounting (group accounting, backlog case) or tax issue, please do not hesitate to reach us at our email.
    CSLIN88 10 views 0 comments Started by CSLIN88 July 20, 2019 12:50PM Pro Network Listings
  • Would like to make wave more usable with some add on features such as 1- Discount tab with % or amount under Invoice 2- Purchase Invoice integration so while making Sales Invoice the maker know what is my buying cost 3 - Can added option of Any Advance amount received from client before Invoice made , later once its done advance amount can b…
    siddhiworld 7 views 1 comment Most recent by alexlewiszarkos July 17, 2019 7:52PMWave Features
  • SriSri
    I have deposited some amount into business checking account in emergency. And now I have taken same amount back to my personal account. Both transactions showing now as "Uncategorized Income" and "Uncategorized Expense". How manage category them in transactions?
    Sri 13 views 1 comment Most recent by ckeen_1244 July 17, 2019 7:09PMAccounting Technical Support
  • I specialize in helping small to mid-sized businesses with many professional services including but not limited to the following: - Tax - Accounting - Bookkeeping - Financial Coaching - Other Consulting Opportunties My game plan is to take a wholistic approach, and evaluate your business to see where I can save you time, money, and he…
    lallen52 18 views 2 comments Most recent by lallen52 July 6, 2019 10:04PMPro Network Listings
  • 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 98 views 2 comments Most recent by NFayyaz July 6, 2019 9:39PMPro Network Listings
  • 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 51 views 4 comments Most recent by Sergio July 5, 2019 11:16AMAccounting Technical Support
  • Why is the Cash flow statement/report only available as an overview of a selected time period, yet on the dashboard one can see (but not access or print) a month by month comparison? I need to be able to access the month by month comparative. Without it I'm afraid this software s useless to my small business. I came across because of recommendatio…
    Troy_M 29 views 1 comment Most recent by thomssi July 2, 2019 10:02AMAccounting Technical Support
  • s2cs2c
    Hello, as a single member LLC owner I pay $300 of Franchise Tax annually to the state of Delaware. How should I be categorizing that expense?
    s2c 10 views 1 comment Most recent by Mikeg June 30, 2019 12:35AMUsing Wave
  • Quickbooks has an excellent function inwhich you can auto-categorize transactions based on rules, such as transaction CONTAINS "GoDaddy" and/or "hosting" etc... (for example) How to do this with Wave? If not available I will be EXTREMELY disappointed in Wave
    catlc 1.9K views 50 comments Most recent by JordanFromWave June 26, 2019 4:38PMWave Features
  • What's Wave's best practice for reimbursing employees for business expenses? Does Wave have built-in functionality or a workflow that supports employees submitting expense reports for reimbursement? These expenses are incurred on an employee's personal credit card or paid out of pocket with cash. I've read the reimbursable expenses FAQ, but that u…
    [Deleted User] 1.5K views 20 comments Most recent by Pip June 23, 2019 10:23PMPayroll & Employees Guidance
  • 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 103 views 5 comments Most recent by Mikeg June 19, 2019 8:05PMAccounting
  • The owner purchases something with a personal credit card for the purpose of the business. Following this, an e-transfer is done from the company bank account to reimburse the owner. How do we track taxes paid by the company? There's this article, (…
    js_does_taxes 22 views 1 comment Most recent by alexlewiszarkos June 18, 2019 9:19PMAccounting
  • So Wave have announced they're pretty much back stepping from UK & EU customers - all bank links to be terminated from September for users with UK/EU based banks, and a clear decision too to abandon all hope of MTD for Income Tax compliance (potentially to come into effect in April 2021). Where does it leave you, the UK user then? Well, th…
    MerlinAccounts_UK 63 views 0 comments Started by MerlinAccounts_UK June 18, 2019 2:27PM Accounting
  • It doesn't matter where in the UK you are based, you've already leapt into the cloud to do your day to day accounting on Wave so why not stay in the cloud and deal with an accountant that can happily work with you in the same way too? Feel free to get in touch to arrange a FREE non committal consultation - by email to [email protected],…
    MerlinAccounts_UK 17 views 0 comments Started by MerlinAccounts_UK June 17, 2019 10:25AM Pro Network Listings
  • Hi I have a 2 part question, 1. Since Wave accounting does not close accounts, and use accounts like income summary, how do we properly update Owners Equity? Without making the December Profit and Loss account wrong, which happens if you use closing accounts? 2. A separate issue, how do we categorizes Interest Expense? Since it is not an operat…
    ddme 32 views 3 comments Most recent by Kimpton June 11, 2019 7:22PMAccounting
  • Hello,I am a professional full time accountant that does bookkeeping/consulting on the side. I work remotely, but am based in sunny Sarasota FL. You will have my personal phone number to call or text with questions. This is done on the side so I charge much lower than a CPA or full time bookkeeper. I am also available during the evenings and wee…
    troympapa 125 views 8 comments Most recent by HuskyLogic June 9, 2019 7:07PMPro Network Listings
  • I need to submit my business return to CRA and because my first year was very simple (zero revenue, very few expenses), I don't want to use my accountant for this (I have another business that is much more complicated and he and my bookkeeper use Quickbooks to manage bookkeeping and accounting for that). From what I can tell, Wave doesn't have …
    Mikebrcic 74 views 5 comments Most recent by greenwave June 8, 2019 3:16PMAccounting
  • I'm a small business owner in Ohio with limited accounting expertise. I'm trying to create an accurate balance sheet but having trouble. I'd like someone to help clean things up, reconcile my books and create a balance sheet.
    johnmoul 38 views 4 comments Most recent by magicwill June 5, 2019 1:52PMFind a Wave Pro