accounting_help
Discussion List
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I'm new to the Wave world. I've just put in all my receipts for the expenses for my small business. I can't seem to find a category for my supplies to make my product. I've put them in office supplies but it's not right to me. The other option I can see is uncategorized expense... Can anyone give me some insight please? Thanks!creations_dina2020 5 views 0 comments 0 points Started by creations_dina2020 March 7, 2021 3:56AM Accounting Technical Support
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I have linked my business bank account to my Wave accounting system. The transactions are importing without problem, but I noticed that my bank balance does not show on the balance sheet under my assets. How can I rectify this? Or do I need to do this manually? Thanks for you help!Steven_Heyman3 43 views 2 comments 1 point Most recent by Steven_Heyman3 March 5, 2021 9:53AMBank Connections
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I have 2 separate accounts within Wave. When I run year end P&L reports, some income items from Account 1 (Compass) are reflected in Account 2 (Mann). When I drill into the details, all transactions are correctly categorized and reflect the proper account. * I've reviewed all transactions * I've reconciled all accounts * I've confirmed that…CompassMann 9 views 0 comments 0 points Started by CompassMann March 3, 2021 3:08PM Technical Support
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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 62 views 4 comments 0 points Most recent by BrushHammer February 26, 2021 12:49AMSales & Invoicing Technical Support
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I had another accountant clean things up in Wave for 2019 but last year was so up and down that I couldn't make the leap to hire someone on a regular basis. That has resulted in my 2020 in need of help I'm sure. I am more of an email kind of guy as I'm trying to learn how to get things setup and run correctly moving forward. I'm also super busy…restorwood 23 views 1 comment 0 points Most recent by AnnVanyo February 23, 2021 7:39PMFind a Wave Pro
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I need an accountant that is available on an as-needed basis to help me with various accounting issues with my business. I have an accounting degree that I
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I have to document a donation we are giving a charity. We have decided to donate a website design template to them but we have to document the price for the template for tax purposes but in a wave, I see nowhere to document or create a credit note.Vontaviushurd 11 views 3 comments 0 points Most recent by NancyC February 17, 2021 3:18PMSales & Invoicing Technical Support
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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 534 views 8 comments 0 points Most recent by peggphoto February 16, 2021 9:53PMAccounting Technical Support
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In this scenario, there are 3 companies: 1. Manufacturer 2. Agent 3. End user/final payer Manufacturer is not licenced to sell in the end user's geography, so bills End User through Agent (which holds appropriate licence to sell). Example: * End user invoiced $100 by agent * End User pays $100 to Agent, for which the Agent earns $30 commission * …
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Hi, I'm self-employed in San Francisco, CA. Every quarter, I pay my estimated quarterly tax payments of which, I understand, half is a business expense. I record them as "Drawing - Allocation for Income Tax". Question: what's the correct amount to input into Wave? a) The full amount of the quarterly payment, or b) Only half, since that'…ZDesign 14 views 4 comments 0 points Most recent by Mikeg January 21, 2021 3:38PMHelp Center Discussion
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Sometime near the end of December, our nonprofit's bank stopped talking to Wave for one of our accounts, (we have two checking accounts.) Then when I tried to reconnect, it wouldn't validate my credentials. So I had to create a new connection and import transactions, which I imported from the date the prior connection stopped working. Now it'…Star044 21 views 1 comment 0 points Most recent by JulianP January 15, 2021 8:31PMAccounting Technical Support
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I have a bunch of transactions that are one-off PayPal payments to contractors. What is the proper way to categorize these transactions? Do I categorize these transactions as payroll or employee expenses?KettZevler 11 views 1 comment 0 points Most recent by Mikeg January 14, 2021 3:18AMAccounting Technical Support
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I just migrated myself from Quickbooks Pro desktop(Windows) to Wave. I'm getting used to the new setup and have a question about work flow. In Quickbooks, when a customer paid me(in person), I would open their invoice, click on "receive payment", then enter the payment. At this point, the (check) payment would go into a Quickbooks acc…burgertime 217 views 8 comments 1 point Most recent by Kellye December 29, 2020 3:49AMAccounting Technical Support
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Hi there, I reviewed my PL summary view for each expense account. I see some accounts have starting balance of $0. Some of them have an amount for starting balance. Did I do that? I want the starting balance to be $0. Could you tell me how to fix? Thanks much.Freds 11 views 4 comments 0 points Most recent by Freds December 24, 2020 2:47AMAccounting Technical Support
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We have/had a sole proprietor business and have now transitioned to an Inc company. A customer incorrectly paid their Inc invoice to the old sole proprietor account by mistake. The owner at the time then transferred this amount from the sole proprietor account to the Inc account. I have matched up the transfer into the Inc account with the invoice…Fawn 1 view 0 comments 0 points Started by Fawn December 16, 2020 8:54PM Accounting Technical Support
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I am a travel agency owner, all the money I receive is from vendors paying a commission that one of the travel planners earned. I want my daily bank account to reflect the money that is actually available - even if I haven't paid my travel planner. Right now I record the commission from my vendor as follows: ACCOUNT: Business Checking, DEPOSIT,…
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:# I'm sure this has been discussed before.. I run a small H.R Admin business. We cater to companies that don't need on site H.R but still need to be compliant, we also do professional translations and virtual assisting. Right now there are only 2 of us and have been extremely busy. My issue is after logging in so many hours on a project we pres…Juani 1 view 2 comments 0 points Most recent by montannalw December 1, 2020 11:50PMGeneral Discussion
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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 an…Mikebrcic 1.1K views 12 comments 0 points Most recent by Barsin November 27, 2020 8:02PMAccounting Technical Support
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I deleted an invoice, but the amount still shows on the P&L. When i click on it says - The page you tried to visit doesn't exist This is usually caused by an incorrect or outdated link. Please assistBeke2020 54 views 19 comments 0 points Most recent by Barsin November 16, 2020 10:54PMAccounting Technical Support
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Good afternoon, I plan on seperating from here on out but I have a bank acct that I was using for both personal and business, Im trying to seperate transactions in wave, but what would I catergorize my husbands paycheck that came from his own seperate job? secondly, I dont want it to show up as income for the business because it is not , so how d…pickinsplinters 1 view 1 comment 0 points Most recent by Mikeg November 16, 2020 9:26PMHelp Center Discussion
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Hear me out. Something very odd happened when I was writing in today's sales. I recorded everything as usual, but then I noticed my cash flow's balance wasn't matching "all accounts" cash, which is the cash on hand shown in the balance sheet. I doubled checked everything, and found out through the Trial Balance that it is unbalanced by t…Aldo 410 views 11 comments 0 points Most recent by AlexL November 9, 2020 3:21PMAccounting Technical Support
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I have entered all of my beginning balances with the exception of my bank accounts and loans. I read the instructions on how to do this, but am a bit confused. Is there a reason why the beginning bank balances are entered as deposits and loans as withdrawals? I would much prefer simply entering them as a journal entry, but then I don't want to …NSIKathie 11 views 1 comment 0 points Most recent by Mikeg October 14, 2020 12:31PMHelp Center Discussion
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As with the situation all over the world, my business has been massively impacted by lack of events and as a result I've had to seek government assistance such as their SEISS scheme and Universal Credit. How should I use Wave to log benefits?Ben_Glasgow 2 views 1 comment 0 points Most recent by Barsin October 5, 2020 5:27PMGeneral Discussion
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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 176 views 7 comments 0 points Most recent by JulianP October 1, 2020 3:23PMSales & Invoicing Technical Support
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I have just completed my year-long Wave experiment and I am (truly) very sad to say I've just ponied up the coin to buy the newest version of QB desktop. :disappointed: Wave is a wonderful platform that I really like, so I would be remiss to not explain myself. The bottomline for me is reporting capabilities. I need to be able to drill down, de…tsfjax 414 views 6 comments 8 points Most recent by tsfjax September 30, 2020 8:46AMGeneral Discussion
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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 614 views 8 comments 0 points Most recent by joss September 20, 2020 3:33PMAccounting Technical Support
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Dear All, I am new at Wave accounting and i have small business in Singapore. I transferred my books and recorded starting balances but there is a difference showing in my actual balance and system balance. My base currency is USD and i also have SGD entries and balances but SGD balances are not showing as per actual may be because of exchange ra…Malpak7679 2 views 3 comments 0 points Most recent by Barsin September 10, 2020 3:12PMHelp Center Discussion
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Hello, I exported accounting transactions through the settings tab. I changed the category of a large number of transactions in MS excel. Can I import this modified file back to Wave? If it's not possible, is there a way to change the category of a large number of transactions in Wave? ThanksSolowing 12 views 1 comment 0 points Most recent by Mikeg August 31, 2020 10:59AMAccounting Technical Support
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WHAT'S YOUR PROBLEM? We solve your bookkeeping and accounting problems. PROFESSIONAL BOOKKEEPING AND ACCOUNTING SERVICES _ FOR SOUTH AFRICA AND SIMILAR TIME ZONE COUNTRIES_ From basic bookkeeping to final year-end accounts and everything in between. We also offer staff training for your day to day admin and bookkeeping tasks. With experience i…AccountsPro 63 views 1 comment 0 points Most recent by AccountsPro August 28, 2020 6:26PMPro Network Listings
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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 235 views 14 comments 1 point Most recent by AlexC_AU August 24, 2020 6:55PMAccounting Technical Support
