accounting_help
Discussion List
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Any of the following thoughts ever crossed your mind? I’m worried about the end of the year How can I keep track of receipts?* I hate reconciling my accounts* I am so far behind in my bookkeeping* My books are a mess and I don’t know how to fix them* I’m not sure how much I have spent on…. Have Peace of Mind! My name is Vania, I am InSync's busi…InSyncBookkeeping_1 13 views 0 comments 0 points Started by InSyncBookkeeping_1 December 13, 2021 2:59PM Pro Network Listings
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Is there a way to attach a photo to the invoice? I have an art gallery and would like to attach in the description a picture of each artwork. Thank youAzel 708 views 7 comments 2 points Most recent by Bobbi_LadyAmore December 9, 2021 1:28AMSales & Invoicing Feature Ideas
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I have received a bill for my vehicle repair but I have not paid it yet. How to record such expenses where the payment has to be made on a future date?ihamid 22 views 0 comments 0 points Started by ihamid November 23, 2021 11:43AM Accounting Technical Support
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Lenders and other often ask for monthly bank statements. This should be added to Wave Money.
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Hi there. I'm new to Wave. I provide legal services to clients (am an attorney), and often need to submit filing fees to government offices, for which I bill the client. How do I accurately record these payments on invoices, so they don't show up as payments to me?MNE 10 views 6 comments 0 points Most recent by MNE November 11, 2021 4:19PMSales & Invoicing Feature Ideas
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Hi folks, I'm hoping you might be able to help me resolve a minor, but very frustrating, accounting snafu caused by Amazon. I have an Amazon Business Prime Amex, and attempted to use accumulated points to pay in full for a personal purchase from Amazon.com. This should have netted out to zero. To cut a long and extraordinarily aggravating story…jayjay16 5 views 0 comments 0 points Started by jayjay16 November 11, 2021 2:38AM Accounting Technical Support
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I would like to know how to record a chargeback as a business expense in order to write it off. I didn't use a wave invoice for the service I got the chargeback from.diegol 22 views 3 comments 0 points Most recent by Mikeg November 7, 2021 1:55AMAccounting Technical Support
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As we all know, Wave no longer works with BMO. Their error message says we need to contact our bank. I did so and got this reply: "I wish to advise that BMO currently has no partnership with Wave. As a result, while it is possible that changes to our security protocols has impacted the ability of this software to connect to our services, we …UserNameisTaken 72 views 5 comments 0 points Most recent by StrugglingIC October 26, 2021 2:34AMBank Connections
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Not sure if there is a bug or they changed the system. I am no longer able to mark payments made directly to me by my clients as Owner Investment/Drawing when selecting the account for paid invoices. Can anyone check this?CharlysAngels 13 views 1 comment 0 points Most recent by HelpIfICan October 18, 2021 7:28AMAccounting Technical Support
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Hi, I've been using Wave for nearly a decade and have not run into many issues. I have my business bank account connected to my account and transactions are automatically imported. Over the last month and a half, I have had over 20 unexplained transactions that all say UNREPORTED_DETAIL_TEXT. These transactions are not on my bank statement and…5KeysYoga 17 views 0 comments 0 points Started by 5KeysYoga October 13, 2021 7:55PM Help Center Discussion
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Hi Everyone! I don't know why it's happening when I check my Tax Account Transaction on cash base (Paid) it's showing 195.90 total payable and when I open Accrual Base (paid + Unpaid) it's showing 23.02. it's incorrect. Can anybody explain? Because as per my understanding accrual should show all those expenses in Cash base also. ThanksShuaibAhmed 13 views 0 comments 0 points Started by ShuaibAhmed October 4, 2021 9:23PM Technical Support
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Dmar Consulting LLC is an accounting, tax and consulting firm located in Barrington, Il. We specialize in assisting small businesses with day-to-day operations relating to accounting/finance. We work with various industries to include health care, landscaping, medical practices, dog grooming, supermarkets, manufacturing (food, cosmetics, hair …Dmarconsultingllc 15 views 0 comments 0 points Started by Dmarconsultingllc October 3, 2021 3:18PM Pro Network Listings
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I have a question regarding how to categorize my income tax payments I make each year in wave, but specifically due to the fact that my income tax gets paid immediately. When my tax professional informs me of my tax owed, it is paid at that very moment. Therefore, my tax payments cannot even be considered a long term or short term liability. How t…
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Hey Guys, Is there a way to show an outstanding balance on the next Invoice I send the customer; and if not, what would be the best way to work around this? Example: I have a customer who only paid $450 towards a $500 invoice. On the next Invoice I want to display a "Balance Carried Over/Outstanding Balance" for $50 so that they pay wh…AsheAUS 162 views 4 comments 2 points Most recent by Cooliotto September 7, 2021 10:31PMSales & Invoicing Technical Support
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How do I setup a transaction in my ledger to show a refund for a purchase that has been placed onto a gift card. This is not something that would show on my bank statement since the refund went directly to a gift card. I created a journal entry (see journal entry). Would this be an accurate way to show the transaction?
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Hello, my name is Christopher Massey. I have 10+ years accounting, bookkeeping, and finance experience. I am available in Central New York (Syracuse Area) in person, but would be capable of providing remote bookkeeping services as well. I'll help you set up your Wave Business Portfolio and provide ongoing support in the form of bookkeeping service…cdmassey987 16 views 0 comments 0 points Started by cdmassey987 September 2, 2021 2:42PM Pro Network Listings
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My Business account had surplus funds I did not need to use, so I opened an investment account under it and invested some of the surplus in a balanced mutual fund. I know the tax implications but any post-tax return is better than the money sitting idle. 1) In wave app, where should I create this new investment account? I will have to move money …sanjeevj 5 views 1 comment 0 points Most recent by sanjeevj August 31, 2021 2:50PMAccounting Technical Support
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If I have made a transaction for credit card for fuel purchase. Then I made a payment using by checking account for that specific fuel purchase. Should I create just a transfer for that then delete the transaction. Or should I keep that fuel transaction and create a transfer for credit card payment.jc_123 3 views 0 comments 0 points Started by jc_123 August 31, 2021 1:36PM Accounting Technical Support
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I have accepted multiple payments via wave invoicing in the past and now all of the sudden on the most recent 3,I get an email saying all future payouts are denied. Never had a returned payment or anything to indicate risk. I can provide contracts, receipts, real humans to verify their intent to pay and for what services. I just don't understand.…Judson212 7 views 0 comments 0 points Started by Judson212 August 16, 2021 12:16AM Sales & Invoicing Technical Support
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Been using Wave for about a year now for expense and income tracking, and looking to set up the initial vendor takeback financing on a property purchase, as well as the legals fees, etc that started the business. Also looking for some guidance or tips on how to handle the GST aspect of things. You don't need to be located in BC, but need to be fam…Alton 33 views 5 comments 1 point Most recent by Gabriel_Krozkin August 12, 2021 11:54PMFind a Wave Pro
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Hi, My corporation has taxes due soon, with the proper amount currently in the Taxes Payable liability account. However, I need to pay the taxes, then record it a non-operating expense, since income taxes in Canada are not considered an operating expense (expense that affects the Income Statement (or P&L)). Is there any way to record this tra…
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I deleted an invoice, but the amount still shows on the P&L. When I click on the income account for the details, there is no activity. There is absolutely no transactions/journal entries for this income account, but it still shows on the P&L. Any suggestions to help correct this?MichelleAR 244 views 12 comments 0 points Most recent by SamHarb July 24, 2021 12:02PMAccounting Technical Support
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Hello, my name is Leandra and I'm the owner of Stingray Advisory Group LLC. We're based in Michigan but support clients 1-on-1 throughout the country with their bookkeeping, marketing, and planning needs. We're currently supporting many small business owners with questions about general accounting best practices, COVID-19 funding programs and fund…StingrayAdvisoryGrp 6 views 0 comments 0 points Started by StingrayAdvisoryGrp July 20, 2021 8:44PM Pro Network Listings
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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 allocating …Violanation 898 views 10 comments 0 points Most recent by LukeVanderlinden July 3, 2021 8:52PMAccounting Technical Support
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3B Accounting is a full-service, world-class accounting and management consulting firm fiercely focused on satisfying clients like you as we guide you to attain your financial freedom. We take the dullness out of the facts and figures by deciphering the numbers' messages so you can have the best lookout for your hard-earned money and get the value…3B_RS 7 views 1 comment 0 points Most recent by Sch_Electric_Sol June 26, 2021 6:45PMPro Network Listings
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Roy Schneider, CPA is an incredible CPA who helped me get my business started and all my company and personal finances in order. He helped me with bank management, budgeting, reporting, transaction planning, and so much more! He is excellent in legal tax savings, management consulting, branding, and goes way beyond what I've seen other accountants…Sch_Electric_Sol 24 views 1 comment 1 point Most recent by 3B_RS June 26, 2021 6:07PMFind a Wave Pro
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I'm having trouble reconciling my account. I've crossed-checked my statement and the Wave transactions multiple times and it says I have a difference of $42.03 but I can't see that anywhere. Does anyone know what this could be and how to fix it? Thanks!elisethemisfit 1 view 1 comment 0 points Most recent by NancyC June 8, 2021 7:04PMHelp Center Discussion
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My business is not making enough money for me to pay subscription fees from my business account. So, I use my personal credit card for such purchases. In hindsight, I can see how that was a bad idea. How do I record those business transactions from my personal credit card? I have been using the following: Account: Owner Investment / Drawings Dep…AlexC_AU 602 views 16 comments 1 point Most recent by KarlAviu June 4, 2021 3:36AMAccounting Technical Support
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Hi there, I am a bookkeeper and currently taking on more clients. I am in bay area and work remotely and would love to discuss your bookkeeping requirements.Sandos_Bookkeeping 16 views 1 comment 1 point Most recent by RanjanSivam June 2, 2021 8:17PMPro Network Listings
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Can’t find a way to generate po’s or track payments to suppliers and sales people. Is this critical features STILL missing from the app? Is there a zapier integration that would compensate? What about inventory management and other tie in needs? I’m not thrilled with having to login to 2 different crm modules but IF wave doesn’t have it I’m wil…SmartNotHard 235 views 8 comments 0 points Most recent by MJKGroup May 18, 2021 9:59PMSales & Invoicing Technical Support
