accounting

Discussion List

  • Hi all, I've just discovered Wave for my new business and already use Xero as my main accounting package. Ive been trying out the Wave Receipts app and it seems to work very well. Ideally, I'd like to use that to record expenses and have that data (including a pic of a receipt) synced/passed to Xero. Is that possible to do, or if not, is there an …
    RakeshS 55 views 2 comments Most recent by Marshall June 3, 2019 5:32AMAPI & Integrations Feature Ideas
  • Hi all. New to Wave. My fiscal year is the same as the UK tax year, so started adding my accounts for this year to WAVE and using it for invoicing. How do I add the allowable expenses for a UK sole trader so they do not count towards my taxable income at year end? I am not VAT registered as my turnover doesn't make this necessary. Sorry if this is…
    VicPicMark 33 views 2 comments Most recent by VicPicMark June 1, 2019 2:51PMAccounting
  • Headquartered in Innisfil, Ontario, Canada, we are here to help you with your finances. We understand that being an entrepreneur and business owner can be hard work, stressful, and take you away from your family. We are here to help you stress less about your business financials and spend more time with your family. Whether you’re just starting…
    aGoodBalance 21 views 0 comments Started by aGoodBalance May 17, 2019 7:47PM Pro Network Listings
  • 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).
    ryan_uk 21 views 0 comments Started by ryan_uk May 15, 2019 12:26PM Find a Wave Pro
  • How have you categorized a transaction that is going into a tax savings account? None of the account type categorization options seem fitting.
    valeriem 11 views 3 comments Most recent by Mikeg May 14, 2019 3:13PMAccounting
  • 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.
    Nathan101 21 views 1 comment Most recent by ZoeC May 13, 2019 6:38PMBank Connections
  • For proper accounting purposes, are the below steps correct to create a vehicle asset and associate it with a financing loan/note? * Create a new loan account under Accounting > Chart of Accounts > Liabilities & Credit Cards > Loan and Line of Credit called "Vehicle Loan" * Create a new asset account under Accounting > C…
    travis88 152 views 3 comments Most recent by Mikeg May 7, 2019 3:59PMAccounting
  • 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 25/11/2017…
    snappyfish 21 views 4 comments Most recent by Samd May 3, 2019 8:18PMAccounting
  • Hi 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 134 views 4 comments Most recent by youngstreet April 23, 2019 2:55AMAccounting
  • Dears Wave's team as non profit business I still examining this software and for non profit accounting it is important to have extra classification for the income and the expenses this can be added in many ways 1- make product and services provide sub items/services , this can help to classify the services as restricted or unrestricted for the e…
    eyadkat 12 views 1 comment Most recent by Charlotte April 22, 2019 9:19PMSales & Invoicing Feature Ideas
  • 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 account
    HOSPM 11 views 5 comments Most recent by Mikeg April 10, 2019 12:58AMAccounting
  • 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 approac…
    Acumen3 103 views 5 comments Most recent by Mikeg April 8, 2019 5:56PMAccounting
  • 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 hap…
    MerlinAccounts_UK 21 views 0 comments Started by MerlinAccounts_UK April 8, 2019 11:36AM Pro Network Listings
  • I would like to have a coffee / breakfast with other Wave users in Estonia. If you're interested just leave a comment below. I'm in Tallinn.
    Cameron 21 views 0 comments Started by Cameron April 7, 2019 12:34PM Local Groups
  • As a sole proprietor, I have set up a solo 401(k) that I plan to contribute to both as employer and employee. I assume that I should record employee contributions as owner drawings, but I'm curious as to how I should record employer contributions. I see there has been some discussion of this in the past, but with recent updates to Wave's interface…
    Carrie_W 52 views 1 comment Most recent by Mikeg April 6, 2019 1:55AMAccounting
  • 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 Wave…
    Fpal 12 views 1 comment Most recent by Samd April 4, 2019 5:35PMAccounting Technical Support
  • Many of my receipts might have multiple categories within a single receipt. I was surprised that I can't create multiple 'split' categories while editing a receipt. The only way I could seem to do that is to select a single category then go edit the transaction splitting it for the multiple categories. Would be nice if it could be done directly…
    sageacy 31 views 2 comments Most recent by Aug April 1, 2019 1:19AMAccounting
  • Hello. In the previous version of Wave you could check the current reported bank balance against the balance Wave calculated based on transactions. After the migration I believe it showed a way to do this quick check still, without having to do a full reconciliation - this was very useful to me. I have searched the forum and quick help guides, but…
    Jfirey2001 21 views 1 comment Most recent by JamieD March 29, 2019 6:25PMAccounting
  • 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 32 views 0 comments Started by JustinIyizoba March 29, 2019 4:21PM Pro Network
  • ATSATS
    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 up…
    ATS 31 views 1 comment Most recent by ClaireWryghtAccounts March 26, 2019 7:34AMFind a Wave Pro
  • A similar of the scenario is in the below post. https://community.waveapps.com/discussion/comment/15336#Comment_15336 My immediate thought is to have a separate section before the "Post to Accounting" button, and show related transactions from bank (of same amount, from same payment account) (Image) so that I can combine the following…
    jacksunwei 22 views 0 comments Started by jacksunwei March 25, 2019 6:41PM Accounting
  • 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 31 views 5 comments Most recent by MerlinAccounts_UK March 25, 2019 1:04PMAccounting
  • 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 31 views 3 comments Most recent by JamieD March 20, 2019 9:52PMAccounting Technical Support
  • Hey guys, I just went through tons of accounting apps over the past couple weeks and finally found Wave. It's really great! Love the design. I just signed up and linked my accounts but I have no idea where to start when it comes to categorizing my expenses and reviewing the reports. What would you guys recommend for reading to get started with W…
    Cameron 61 views 1 comment Most recent by ZoeC March 18, 2019 3:51PMAccounting
  • SriSri
    Last week we had a payroll transaction and amount was deducted from account. There was a mistake on payroll and bank reverted the money back to account. Now it is showing deducted amount as "Uncategorized Expense" and reverted money showing as "Sale". How to category them? I cannot put them as "Transfer" because both…
    Sri 21 views 1 comment Most recent by Ryan_W March 15, 2019 10:26PMAccounting
  • I wondered if you could help me find a way to mark invoices as paid without there being an actual income written on the account? The nature of our business means that we invoice our tutors for a commission for their private tuition work. These same tutors also get paid for other assignments direct through us. We tend to then deduct the payment d…
    RachelAtkins50 52 views 0 comments Started by RachelAtkins50 March 13, 2019 1:50PM Sales & Invoicing Technical Support
  • Wave is still a great product even though it isn't going to be MTD for VAT compliant - this doesn't impact on you if you aren't VAT registered, nor if you are VAT registered BUT have turnover below the VAT threshold. With developments in the pipeline for downloadable reports that will work with MTDVAT bridging software (VitalTax is a free product…
    MerlinAccounts_UK 61 views 1 comment Most recent by PaulC March 8, 2019 3:09PMPro Network Listings
  • Hi guys, I upload my bank statements monthly and O was just wondering if there is anyway that I can change the category of everything at the same time? I am upload over 200 separate transactions however they are all for the same category. I am currently having to go into each one and change the category - which is making it more laborious than it…
    MayaMercer 11 views 1 comment Most recent by AlexL March 7, 2019 5:15PMAccounting
  • It's not too late to get your accounts in order for your 2018 (or older!) tax returns. I have extensive experience setting up new accounts and cleaning up existing ones. Visit my site or message me for more details. www.accountingforcreativity.com Boston based, willing to work outside local area.
    StaceySimon 81 views 0 comments Started by StaceySimon March 5, 2019 7:15PM Pro Network Listings
  • So I run a small business. I have one business account, one business savings account and my personal account. My startup costs came from my personal account and some of my ongoing expenses. Sometimes I move money from my business account to my personal account to cover those expenses. I also move money that I consider profit to my personal accoun…
    Sungover 1 view 1 comment Most recent by Mikeg March 2, 2019 12:50PMAccounting Technical Support