Accounting Technical Support
Discussion List
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I recently started my business and did not have a company credit or debit card yet. I used a personal credit card to make the down payment. Once the purchase cleared, I used business funds from a business checking account to make two separate payments to my personal credit card paying off the down payment balance. How do I show this in Wave?
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I have a new Wave account set up and running. We imported from mid March and now want to go back and import from January now that I have the hang of it. Is this possible, without starting over?
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What are steps to record a lease and lease payment that is automatically debited form account
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I want to change an expense to cogs
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Hello, I sell my products at farmers markets and use a basic "cash box" (actually, a fanny pack) for handling cash sales during the market. I always start with a certain amount in the box, sell at two markets during the week, place the day's cash income into a bank-deposit envelope, leaving the original amount in the box. Then, once a …
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Hello, I recently set up a new business bank account as my company is finally incorporated. I would like to know how do I set up my existing wave account to have my beginning balances for my company at $0 and my equity/contributing capital equal to expenses I incurred to set this corporation up/get it running. Thank you
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Several hundred of my business income transactions are erroneously showing up in my personal profile. Is there a way to batch move NUMEROUS transactions from this personal Account in to the appropriate Business Account(s)? I only see a way to do them one at a time (using the dropdown menu on the far right hand side). If I check the checkbox, th…
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I'm new to Wave and am totally clueless when it comes to accounting (probably shouldn't be doing my own books!). I've just linked up my bank account to my personal profile on Wave and am now trying to transfer over the various business expenses that I've incurred on my personal bank account. How do I do this? I've searched for articles but none of…
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I have a problem with Starting balance in bank account. I followed instructions (I think) and proceeded to enter info from bank statements but on review I find that in reports/account balances there is now an amount above the starting balance I entered. It's above my transaction and not editable. Puzzelled..What did I do to cause this?
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Is there any way to assign a product (inventory) that is purchased, to a product that is sold? I would think that this would help when it comes to accounting,.
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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…
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Can I input receipts only and get a report? Also, can I enter a bank statement manually
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Hello. Is it possible to see my Cash Flow statement with a monthly view? Basically a running balance of each month, and then a cumulative expenses.. A sample template is here: https://www.smartsheet.com/sites/default/files/styles/full_width_desktop/public/IC-Monthly-Cash-Flow-Template.jpg?itok=WwmjT2St
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The company has a subsidiary, the shareholder fund in to the subsidiary when the subsidiary incorporated on behalf of the company. So the fund has not come through the company's account, but now the company owe the shareholder, we categorise it as shareholder loan. For bookkeeping, we are suppose to group this fund under asset - investment to subs…
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I had some issues with some bank integrations doubling some expense transactions. I contacted customer support and they told me to DELETE all transactions and reupload the integrations. So I did this, page after page after page since there is no easy way to delete all transactions. And no all my invoice are listed as UNPAID minus a few? This is go…
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hello, the products that I sell are taxables at 0% but the prodructs I buy the taxes are recoverables. Do I need to create 2 taxes for my products at 0 % and 2 others taxes for the purchases with the right % of the taxes to get the right report? And do I have to check the recoverable case when i create the taxes or juste 1 out 2 ? If yes wich one …
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Example invoice: $105 ($100 sale + $5 GST). Do I have to apply the tax (GST) to the $105 entry under Transactions if I mark it as an invoice payment or does Wave do that automatically? I am used to doing this for my expense transactions but am not sure if I also need to do it for transactions linked to invoice payments.
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I need to start 2020 with fresh clean books - none of the old accounting information and balances. What's the best way of doing that without having to re-enter all of my company and bank specifics?
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Hi, I love Wave apps in the ability to track invoices as well as bank transactions. The vast majority of my customers pay me with a check. I then deposit these checks in my checking account which I have linked to Wave and then mark that invoice as paid. However, I couldn't find a way to link the two transactions together (I.e. marking the invoice …
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I am having problems downloading into Accounting. I NEED THIS INFO BADLY!!!
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Dear Sir, Before i was able to export the trail balance to pdf and excel, now the option not working. please sort it out
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Hi. how can i make my vendor be my customer? We are in rent a car business and it happens that my supplier is my customer too, (which they rent our cars as well). They have unpaid invoice that i need to deduct from my payment to them. Kindly help... thanks in advance!
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Hi - Iv'e done a manual withdrawal from my bank account - same as i've done other times without issue except this one was dated 13/3 (so about 2 weeks ago) The balance didn't change to refelect the withdrawal. I tried changing the amount - no luck I tried adding a new transaction for today with no luck - nothing seems to be updating my bank balan…
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We're trying to set up our Boy Scout troop accounting on Wave. We have a fundraising situation where some of the scouts do services for people and they write a check to the troop. We need to account for this separately for each scout, as that scout's earnings may help pay for his summer camp fees. It's kind of like sub accounts in the main troop's…
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Hi. I can't seem to find my journal entries. I tried the search and filter options. But can't find any of my journal entries.
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Hi! First, I want to thank you for this awesome tool. As the discuccion title says, I'm having some troubles with the totals of the accounts. Today, those totals does not change when I add a new transaction in my Business account and it seems that it is still taking in account a deleted transaction in my Personal account (I have discrepancies wit…
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If I delete a receipt I've already entered (with status 'done'), does this automatically delete the transaction associated with it?
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I have an account that operates a currency different from the business currency. However, when I try to save or edit a transaction under that account I get the classic error message There was an error saving. I am able to save transactions on the other accounts. I have also cleared the cache. Please help
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Hi everyone, The amount in my Trial Balance, Aged and General Ledger for Account Receivables doesn't same at all. For Account Payables, only for Aged Payables doesn't same with Trial Balance and General Ledger Amount. Hoepfully everyone and Wave Team can give the best advise on how to tally the amount. Really urgent since my upper management reall…
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Good Afternoon, I am very new to Wave and am trying to enter my 2019 expenses , but also would like to enter my payments from my clients. I don't invoice nor do I accept credit cards, solely use ACH. Is there a way to enter all past payments from my clients manually (or upload a csv) for a year? Thank you so much in advance for your assistance.
