accounting_help
Discussion List
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Contact us if you need assistance setting up your books in wave, or have bookkeeping and accounting questions that we can help you resolve. Contact: [email protected] Website: www.rpcassociates.coRPCaccounting 4 views 0 comments 0 points Started by RPCaccounting July 3, 2020 6:18PM Find a Wave Pro
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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the P&L. When i click on it says - The page you tried to visit doesn't exist This is usually caused by an incorrect or outdated link.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 18 views 10 comments 0 points Most recent by Beke2020 July 2, 2020 4:30PMAccounting 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…
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I have my Shopify, Bank and PayPal accounts directly connected to Wave. How should I categorize my PayPal receipts so that they deduct from my "Shopify Money In Transit" account? I am currently categorizing them as Shopify Sales which is causing me to double count my sales. Thanks for the help!GrizzlyBird 9 views 0 comments 0 points Started by GrizzlyBird June 30, 2020 4:05PM Accounting Technical Support
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(Image) Hello. I have a query/feedback as you can see in the pictures above. There are 2 scenarios 1) when posting an expense(withdrawal) + selecting Accounts payable in category (as I'm paying an advance to my vendor w/o posting the bill) the 'Add vendor' option doesn't appear, but when I select Account receivable 'Add vendor' option appears …Paranshu 18 views 3 comments 0 points Most recent by AlexL June 30, 2020 2:07PMAccounting Feature Ideas
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I am a self employed consultant I am using a Fidelity IRA account for my retirement savings. How do I set that account properly up and how do I book contributions to that account properly? I originally set it up as a "long Term Asset" account but it does not appear on the list of accounts to record a transferFritzmar 10 views 1 comment 0 points Most recent by BarsinA June 25, 2020 4:33PMAccounting Technical Support
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I just want to make sure i'm understanding this correctly I'm paying back a shareholder loan from a business bank account. In journal transaction would I Debit to shareholder loan Credit to bank account. Showing that I took money out of the bank account to pay the shareholder loan? Thanks!RubyM55 10 views 0 comments 0 points Started by RubyM55 June 24, 2020 4:26PM Accounting Technical Support
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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 41 views 4 comments 0 points Most recent by CallieP June 10, 2020 3:26PMSales & Invoicing Technical Support
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Dear community, I am already with Wave since 2018 but due to severe handicaps and half year of homelessness I have never been able to consolidate my information in Wave from previous platforms and such. Brief background info 1. Went from Paypal -> N26 -> Transferwise (And now using Wave to consolidate payments across those 3). * Expendit…NoodzakelijkOnline 25 views 2 comments 0 points Most recent by NoodzakelijkOnline June 10, 2020 2:59AMUsing Wave
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Hello to everyone! I am new to the community and business/bookkeeping. I have a car that was purchased primarily for car sharing/car rental. When it is not being rented out, I use it personally. My question is how do I add the car as an asset and the loan into my wave account? Below is the info of the loan: Vehicle selling price: $14,600 TAVT/S…Thuc 24 views 2 comments 0 points Most recent by Thuc June 4, 2020 5:40PMAccounting Technical Support
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Hi, I am hoping there is some helping hand here! Thanks Wave for developing this free accounting system! I am a new user and would like to find out more about the system. I record payment after the invoice is created. However, when I go to accounting transaction look for the payment, the description appears as invoice payment only. There is no fu…twinklm 12 views 1 comment 0 points Most recent by ConnorM May 27, 2020 2:40PMAccounting Technical Support
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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, when I re…youngstreet 267 views 8 comments 1 point Most recent by AlexL May 27, 2020 2:27PMAccounting Technical Support
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Hi, when we started our business the bank we chose only provided us with a debit card that didn't work 9 out of 10 times due to heavy fraud protection (we had to call the bank to unlock the card) so we made many purchases for internet services via a personal credit card. I have all the receipts saved as PDF for these charges. Imported all the cha…RoBeCo 14 views 3 comments 0 points Most recent by Mikeg May 27, 2020 12:19AMAccounting Technical Support
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How to record purchase return and sales return in wave?Ushm 279 views 6 comments 0 points Most recent by ConnorM May 25, 2020 7:53PMAccounting Technical Support
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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 100 views 11 comments 0 points Most recent by AlexL May 21, 2020 9:01PMAccounting 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 211 views 5 comments 0 points Most recent by trevis May 12, 2020 6:52PMAccounting Technical Support
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Make it easier to navigate to Wave Community and lessen the need for live chat by providing a direct link to the community forum right from Wave (already signed in, ready to post)
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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 84 views 8 comments 0 points Most recent by AlexL May 1, 2020 8:50PMAccounting Technical Support
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How do I handle transactions if I have multiple businesses but are using the same accounts (credit card and bank)? For example, I imported my credit card to both businesses/accounts in Wave. Do I delete the transaction in one account, keeping it only in the appropriate account? Or, do I refrain from deleting and categorize them appropriately?rosemaryhitchens 38 views 3 comments 0 points Most recent by EmmaP May 1, 2020 3:16PMAccounting Technical Support
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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?BernieB 647 views 7 comments 0 points Most recent by Kristian_G April 28, 2020 7:21PMAccounting Technical Support
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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 627 views 8 comments 0 points Most recent by Kristian_G April 28, 2020 7:15PMAccounting Technical Support
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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 321 views 7 comments 0 points Most recent by Sachin April 24, 2020 3:29PMAccounting Technical Support
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I buy ingredients in bulk and use them over time. When asked for Expense Account one of the options that comes up is Ingredients under Assets which I then select. One product won't let me do this as the Expense Account list does not include the Asset option. This means that I can't register the purchase of this product on Wave. Why is this happ…Annllien 35 views 4 comments 0 points Most recent by BarsinA April 22, 2020 8:22PMAccount Settings Technical Support
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Hello, I am a single-member LLC operating as an S Corporation. I use Wave for accounting and separate software to run payroll - I am the only person on the payroll. When pay day rolls around there are two transactions posted to my business account - one is for my net salary/wages and the other is for both the employer and employee taxes. Employe…jayjay16 18 views 3 comments 0 points Most recent by jayjay16 April 14, 2020 11:33PMAccounting Technical Support
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Hi All, Does anyone know if Wave has a phone number of someone I can reach out to directly. I just went to login to my Wave account to invoice a client and all of a sudden I'm seeing that my IP has been banned. Here's what I'm suspecting: I have Sonic Fiber internet and last night there was a huge outage across northern California related to DH…Alexis 20 views 0 comments 0 points Started by Alexis April 9, 2020 7:29PM Accounting Technical Support
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I have checking account dividends deposited into my checking and I'm not sure how to properly categorize this. I also have the same issue with my credit card issuing cash back rewards which appears as a credit. Does anyone know how to do this? Thanks!
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Hi Community! I run a boutique Vacation Rental Management Business and I want to set up my accounting correctly in Wave. We currently manage 6 properties, and plan to grow to 30 in one year. To be clear we do not own the properties, we are simply managing all aspects of them. My expertise is with operations, not booking keeping therefore I nee…Stephen_QQ 43 views 2 comments 0 points Most recent by Clickbookkeepers April 8, 2020 2:39PMFind a Wave Pro
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I am a qualified accountant and Wave Pro based in South Africa. Feel free to contact me on 0845822243 or [email protected]gipsymalan 22 views 0 comments 0 points Started by gipsymalan April 8, 2020 9:57AM Pro Network Listings
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I work as an online Bookkeeping, Remote Bookkeeper, Off-Shore & Freelancer to clients from all walks of life. 🔹I am very passionate about showing the discrepancy in results, 💡Inquisitive to learn and grow. I facilitate the primarily for US-based companies all Accounting&Bookkeeping up to taxation right from the scratch with the best fit …Veera_Gogasani 38 views 0 comments 0 points Started by Veera_Gogasani April 4, 2020 9:32PM Pro Network Listings
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We have a vehicle that was originally purchased prior to starting the business. Once the business started, it was used for the business. I have transferred the remainder amount of the loan at the time of starting the business. Some payments are being made directly from the business account while some payments are still being made from a personal a…SouthlandOutdoor 31 views 5 comments 0 points Most recent by magicwill April 2, 2020 8:11PMFind a Wave Pro
