accounting_help
Discussion List
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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 33 views 0 comments 0 points Started by MerlinAccounts_UK June 18, 2019 2:27PM Accounting
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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…
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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 111 views 8 comments 2 points Most recent by HuskyLogic June 9, 2019 7:07PMPro Network Listings
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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 …
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Getting Error trying to save add end of month balance totals in Wave, driving me mad.. any ideas please? EDIT: I can only update certain months, others throw the error
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Hi guys! Does anyone know an Estonian accountant using WaveApp? Thanks for the recommendations.
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Hi there! I have operated a very small business since 2015 and I have never kept track of things like: inventory, assets, liabilities. My transactions have been extremely minimal, though I do have inventory and I have filed taxes and kept bad records. I want to start a fresh set of books from 2018 onwards, but I am lost as to how I account for…
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Hi all. I am a new consultant that just incorporated and I recently started a contract with a client. I am new to being a business owner and know nothing about accounting. I'd like to list off what I'm going to be doing and I hope someone can tell me if Wave can take care of these items. 1) I know that Wave can connect to my Business Bank Acc…BrianH 17 views 3 comments 0 points Most recent by alexlewiszarkos May 31, 2019 4:04PMWave Discussion
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Small business based in London looking for accounting services familiar with Wave. Would like help with HMRC filings, VAT (if applicable), and PAYE (for 1 employee).
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The transaction are appearing after the invoices are paid. However for the past 5 days they are still in transit and are not being sent into my bank account. The bank connection has no errors and I have updated it multiple times over the past few days. Could you help in resolving this issue. Thank you.
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so I don't normally use account reconciliation, should I? I run a small self employed business with somewhere between 50 and 100 transactions occur in wave. I have looked back through reconciliation and first month that doesn't match is November 2017 Difference is £52.85 Looks like an invoice was recorded as paid in Wave transactions 25/1…
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Non-recoverable Sales Tax (PST) is acting like a recoverable sales tax, but only for Asset PurchasesHi 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…
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Hola si ocupas ayuda con tu contabilidad y a revisar tu empresa estoy para ayudarte. Vivo en Honduras y he trabajado con contabilidades de Honduras, Guatemala, Panama, Colombia, El Salvador y Mexico. escribeme a [email protected] SaludosJacinto_Cho 7 views 0 comments 0 points Started by Jacinto_Cho April 21, 2019 10:15AM Find a Wave Pro
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Jacinto Cho Honduras, Centro America Hola, trabaje en auditoria en Deloitte una de las 4 grandes firmas del mundo. Luego trabaje en Tesoreria en Louis Dreyfus Company, unas de las 4 grandes empresas de Commodities del Mundo. Ahora trabajo en Grupo Cadelga como analista financiero. Tambien tengo mi propia empresa que se llama Desarrollo Emprended…Jacinto_Cho 12 views 0 comments 0 points Started by Jacinto_Cho April 21, 2019 10:02AM Pro Network Listings
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Need help on creating Share Capital Account , common shares and class preferred shared account
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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 you
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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…
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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…
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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 55 views 1 comment 0 points Most recent by MerlinAccounts_UK April 8, 2019 11:45AMFind a Wave Pro
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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 24 views 0 comments 0 points Started by MerlinAccounts_UK April 8, 2019 11:36AM Pro Network Listings
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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 …
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How should I handle cash back rewards from the credit card I use for my business? The cash back reward gets automatically applied to my balance, reducing what I owe. I don't want to chart it as Income. Should I create a new chart of account in the Assets or Equity section specifically for the cash back reward? Any other suggestions?
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Hi all, I have been recording my expenses in wave apps using cash on hand before I made any deposits into a bank account. So, I have been running a negative balance for a few months. I have recently made a deposit into a bank account and would like to withdraw money from the business account back to my personal account covering the expenses I h…
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Hi everyone, I'm a new Australian-based small business owner and I'm struggling with a problem with Wave. Everything has been working well, however I have noticed that my 'All Accounts' balance is inaccurate because it contains duplicate transactions. For example, my 'Payments by Wave' page will show "Invoice payment for Invoice 5" and then my b…
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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 12 views 0 comments 0 points Started by JustinIyizoba March 29, 2019 4:21PM Pro Network
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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 27 views 1 comment 0 points Most recent by ClaireWryghtAccounts March 26, 2019 7:34AMFind a Wave Pro
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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 30 views 5 comments 0 points Most recent by MerlinAccounts_UK March 25, 2019 1:04PMAccounting
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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 allocatin…Violanation 21 views 3 comments 0 points Most recent by JamieD March 20, 2019 9:52PMHelp Center 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?
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Hi Guys, Wondering how we can integrate or merge invoice payments which we submitted as Cash on Hand to reflect E-Transfer payments which we received directly to our bank. The payments are showing as duplicates for our Sales and causing a conflict with our imported bank data. We don't want to delete the invoice or e-transfer payment and not …
