accounting

Discussion List

  • When we input multiple invoice payment through transaction=>add income, the invoices gets updated but the cash flow does not update accordingly, and if I make any edit from the transaction the invoice I edited is updated but other invoices in the same transaction is getting a second entry, and all the other invoice is showing paid double or tri…
    Cetustone 45 views 4 comments Most recent by Cetustone December 3, 2019 5:10PMAccounting Technical Support
  • Hello, I provide tax and accounting services to single owner businesses and creative professionals across the US. Many of my clients use Wave for accounting; please let me know if I can be of service to you. Daniel Dundon, EA
    ddundon 57 views 0 comments Started by ddundon November 19, 2019 8:44PM Pro Network Listings
  • Hi, This is Jay Patel, Founder of Fintech Professionals (FinTechPRO) from Dublin Ireland. I am new to Wave and just started using for my own personal and business accounts. I want detailed guidance on how can I: * Onboard existing clients on WAVE * How can I be a partner to market WAVE to many other potential clients in Dublin and the rest of the…
    FinTechPRO 92 views 1 comment Most recent by EmmaP November 14, 2019 9:59PMPro Network Listings
  • Hi all, longtime user first time caller. I currently am starting a hospitality business (motel) and I'm trying to update a balance sheet to include the value of the real estate and the liability of the loan and am having trouble creating the right accounts to accuately represent in the reports. Any suggestions on how best to handle? Thank you in a…
    mentalsweat 119 views 3 comments Most recent by Mikeg November 14, 2019 12:15AMUsing Wave
  • Hey there! I have a special situation with bank processing fees and I would like to get some thoughts about the best way to account for it. Let me explain step by step: * I send an invoice for USD1000 * The client sends a wire payment for USD1000 but I get USD950 * I could just mark the invoice as fully paid and then add an expense for USD10 as …
    Isopo 34 views 5 comments Most recent by AlexL November 11, 2019 4:31PMAccounting Technical Support
  • Athar Accounting is your success partner. Beside providing accounting and consulting services we aim to be your success partner by providing you with valuable suggestions supported by detailed reports and projections. Call us to know more about our accounting and consultancy services. Tel: +97339952500 email: [email protected] Manama - Kingdom of…
    Athar_Accounting 64 views 0 comments Started by Athar_Accounting November 1, 2019 1:17PM Pro Network Listings
  • Hi there, we're BusinessHQ, a cloud based provider of bookkeeping, payroll and tax services. Visit us on BusinessHQ.us, to learn more about our affordable fixed priced packages.
    BusinessHQ 47 views 0 comments Started by BusinessHQ October 31, 2019 11:14PM Pro Network Listings
  • We used to be able to click on the headers in the transaction screen and sort by dollar amount. Why can't we do that anymore?
    eporteus 23 views 8 comments Most recent by eporteus October 27, 2019 9:50PMWave Features
  • Hi all, Let's imagine I have a travel agency based in Canada, who sells trips to Greece. In Greece where I do business, there's a VAT sales tax and the tax rate is 24%. When I sell a trip for $1,000, I charge 15% HST (provincial tax). In other words, I collect $150.00 in HST taxes or a total of $1,150. In order to be able to organize that trip, …
    tallspiro 49 views 4 comments Most recent by tallspiro October 26, 2019 2:25PMAccounting Technical Support
  • Hi there, I recieved my first credit card payment the other day and noticed that a transaction was credited immediately under the Account "Payments by Wave". That Account appears under the heading "Money in Transit. That makes sense because it has to be process via Stripe first before hitting the bank account. When it did come int…
    rainwlilds 324 views 13 comments Most recent by marike October 14, 2019 4:18PMAccounting Technical Support
  • I'm trying to switch my accepted currency from CAD to USD but I can't figure out the best way to do this using Wave. My current set up * Wave account is set up in CAD (I live in Canada) * Clients are invoiced through Wave Invoices in CAD or USD depending on where they live * Clients pay with CC using Wave Payments * Clients can technically also …
    helent 50 views 1 comment Most recent by EmmaP October 11, 2019 8:28PM
  • In balance sheet in reports, I see non recoverable tax showing as negative liability for a purchase where in actual it is non recoverable thus shall not show up as credit in liability.
    shivatraders 19 views 3 comments Most recent by shivatraders October 8, 2019 8:45PMAccounting Technical Support
  • Hi, I'm new to wave and just trying to figure this out :) I'm trying to create a contra account, but I don't see anything that says "contra" in the Chart of Accounts. How do I create this account in Wave and make sure that it's marked against the correct asset account where the money actually is?
    Puiyee 184 views 1 comment Most recent by Mikeg October 6, 2019 1:20AMAccounting Technical Support
  • While I think I am familiar with the split functionality, there are use cases in my business that I would like to share to see if it is possible to achieve with Wave. As a real estate agent, I often have a single transaction -- a deposit -- hit my business checking account that actually contains several transactions inside of it. These transactio…
    Traek 95 views 3 comments Most recent by EmmaP October 4, 2019 6:03PMAccounting Feature Ideas
  • Have not used Wave for a while, just coming back to it for a few clients. All changed since I last logged on - looks good and still great package for free
    JudeRose 13 views 1 comment Most recent by AlexL September 24, 2019 5:58PMUsing Wave
  • I recently created a new company. I connected by bank accounts (checking & credit card) with no problem. I imported transactions from 1/1/19. No problems. I then activated Payments. In the activation process the system naturally asked me to connect the Payments account to my bank account, which I did. Now, in the Connected Accounts tab under B…
    Fritz_G 53 views 1 comment Most recent by JordanD September 21, 2019 4:12PMBank Connections
  • Throughout the year, I have been creating invoices for a customer. He paid each time. At the beginning of the following year, he sends me a 1099 MISC. I believe on a Schedule C I have to report the 1099 received but do I have to remove the income from this customer in wave apps for reporting purposes? I’m a little confused. Please provide clarity.…
    mrv717 32 views 3 comments Most recent by Mikeg September 20, 2019 8:22PMSales & Invoicing Technical Support
  • 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 week…
    troympapa 63 views 0 comments Started by troympapa September 16, 2019 4:57PM Pro Network Listings
  • Hello, I have committed an accounting sin of electronically receiving business income into my personal checking. It was easier for the client as electronic transfer of funds was a hassle into my business account. I did diligently electronically transfer all of these income funds to my business checking. Now I am left to sort out the Wave accoun…
    FLDave 60 views 4 comments Most recent by FLDave September 14, 2019 8:35AMAccounting Technical Support
  • Hey team! I've got two accounts importing transactions in to my account here. 1) Checking Account 2) Credit Card Account When a credit card payment processes, in my Accounting > Transactions tab in WAVE, I've got two transactions. one debit and one credit. I'm not sure how to properly classify, or if I should only have the Checking Account c…
    bt50 16 views 1 comment Most recent by Mikeg September 11, 2019 10:09PMAccounting Technical Support
  • We FinancialsBook.com offer Accounting, Bookkeeping, Tax & Financials Reporting related services within very economical budget. Our clientele have diversity of wide businesses and range from startup & SME to corporate companies. Our motto is to provide accurate and robust services to client for an effective decision making.
    adminfb 44 views 2 comments Most recent by adminfb September 7, 2019 6:11AMPro Network Listings
  • So, 7 August 2019 was the deadline for filing the first MTD VAT returns for those businesses that were UK VAT registered with taxable turnover above the UK VAT registration threshold. How many of you had to file under MTD? Did you use Wave's VAT100 report and then link this to suitable bridging software? What did you use and how did you get on? …
    MerlinAccounts_UK 111 views 0 comments Started by MerlinAccounts_UK September 3, 2019 12:38PM Making Tax Digital
  • Hi, Every time I chose to transfer from card, bank, or loan to my PayPal account the mirrored record converts to PHP currency which is not correct. Can you please help me fix this problem.
    joeyb506 20 views 1 comment Most recent by JordanD August 28, 2019 6:48PMTechnical 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. …
    WhiteGlove 46 views 8 comments Most recent by JamieD August 27, 2019 7:15PMSales & Invoicing Technical Support
  • It may seem an age away but if you're not planning on filing your 2019 tax return via HMRC's online service or through third party tax return software you've only got until 31 October to get your return in to HMRC - miss that date and you'll either have no choice but to file digitally OR pay a fine for filing late on paper. We process all our cli…
    MerlinAccounts_UK 52 views 0 comments Started by MerlinAccounts_UK August 22, 2019 11:45AM Accounting Technical Support
  • MSRMSR
    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 276 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…
    ephraim 29 views 4 comments Most recent by ahwern August 6, 2019 5:25PMAccounting Technical Support
  • 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 ne…
    Clau 12 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 th…
    MerlinAccounts_UK 66 views 0 comments Started by MerlinAccounts_UK August 3, 2019 12:02PM Making Tax Digital
  • 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 102 views 1 comment Most recent by ZoeC July 30, 2019 4:20PMSales & Invoicing Technical Support