Accounting Technical Support
Discussion List
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October is just about over and it is time to start thinking about your 2018 tax return filing. If you are a sole proprietor, single member LLC, partnership, S corporation, C corporation and or an employee of one of these entities, now is the time to have a meeting with your accountant, tax professional or trusted adviser to consider your tax oblig…
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I've uploaded my statement twice (and uploaded other a/c's today), but the transactions aren't showing, and I need to print reports, help!!
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Hello, I have uploaded credit card transactions into my credit card accounts and I am now uploading the corresponding receipts. Somehow when I categorize the receipts, instead of matching up to the transaction, it creates a new entry. What am I doing incorrectly?
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Although i've managed to add VAT as a sales tax to my invoices. I can't see it reporting separately which makes it virtually impossible for me to file my VAT without having to manually add the numbers up Anyone know how i can sort this?
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Hi (roughly) as a Sole Trader with a turnover of £40,000, expenses of £20,000, i get £11,000 tax free as personal allowance and pay 20% tax on remaining £9,000. Tax: £1800 As a Limited Company with a turnover of £40,000, expenses of £20,000 plus list my £11,000 as wages, so expenses become £31,000. i get £11,000 tax free as personal allowance, th…
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Every month a move money from the business account to my current account and to another account i use to pay for income tax. Do i list this a Payroll? as Transfer to bank? owner drawings??
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Hello, it seems with the new wave migration that all my Dashboard and detailed information is gone. The company no longer shows as an option to select. I've sent two requests through the online help center and no one has responded.
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Him I have been using wave for several years to keep track of our holiday units, invoices etc. All has been good, but all of a sudden masses of transactions that I had paid invoices with, have now lost their categories. I major pain in the a--, making it totally worthless to continue.
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Hey All, I run a digital marketing firm, and am new to Wave. I have already invoiced my customer and am having difficulty classifying their Ad Spend account. I initially approached this as an Asset account to simply hold the funds until they needed to be used. Wave is asking me to classify the Income account to receive payment however. I went ah…VoiceintheWilderness 41 views 3 comments 0 points Most recent by VoiceintheWilderness October 10, 2018 10:59PM
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I'm having trouble accounting for my Square transaction fees in the upgraded system. I used to be able to split the transaction and then enter the full amount of the sale, then enter the amount of the transaction fee in a negative format to account for the fee. It keeps giving me an error code an won't allow me to do it now. How can I do this on t…
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Hey folks, firstly, apologies if this is the wrong place to post this! I'm using wave accounting and love it but I'm still using the zoho system for my receipts because I cant group my receipts into buckets or projects to report out on them and track them easily. Is this a possibility?
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HI there newbie here when I Log in and go to purchases and then bills. it has suddenly become blank on my laptop... It only shows page 1 of 6 so there are plenty of bills entered. But I can not see waht bills are due here. Its baffling me. when I log in to tablet, I can see my bills there also on my iPhone. The screen is also gray on the left side…heatherfeather022 11 views 2 comments 0 points Most recent by heatherfeather022 October 5, 2018 8:13PM
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Hi there, I don't seem to be able to add a payment to any of my bills. When I click the drop down menu on the right hand side, nothing is there. I've attached a screen shot. I'm actually working on the account of a client (I'm a bookkeeper). Does it possibly have something to do with my status as a collaborator (I have the full view, edit, send …
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My business sells crafts we make. What is the easiest way to track the expense of buying consumable supplies, such as wood and glue?
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Hi everyone! A couple of months ago we tested Wave since we were looking to replace our outdated spreadsheets system and improve our income & expenses record. We have finally decided to go for it but due to the fact that no information has been recorded in the last couple of months the accounts balances are not accurate. I am trying to take th…
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Hello Can I attach both bill and receipt to a due to reconcile accounts?
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At least, I think this must be a newbie question... When I go into Reconciliation and open my business checking account, I'm seeing withdrawals listed as Credits and deposits listed as Debits. That makes zero sense to me. Am I missing something obvious, or is something wrong? I started with Wave mid-year (came over from 17Hats) and am trying to …
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-(The scenario): My business provides a technical service that we bill our parent company for, but my business also collects money from the parent company's customers. In other words, I, as an employee of the Parent, get customers to sign a contract. Then my personal company contracts to the parent to do the work that I, as an employee, was awarde…
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I've been trying to upload my receipts, and it seems to go fine with printed register type of receipts. But when I try to upload any that are hand written, they just seem to disappear. The upload line goes for a while then nothing, no error, no instructions, nothing. A small portion of my receipts will be hand written, and of course I need to cat…
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# my some working areas no connections.meaning i want to invoice as offline,after that go online and upload invoice...can i do it using Wave ???? :D :D :D
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We have a vacation rental business. When a cottage is rented we must charge a 3.5% lodging tax. (I believe this is called a primary tax) Then we must apply both a provincial and national tax on top of this total (These are both compounded taxes). Wave Accounting only allows 1 compound tax to be applied. Is there another way I can set this up?
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I am running accrual basis for my business. When I receive an invoice from a contractor, I upload to Wave as a receipt. I then merge the receipt with the payment made through my checking account. When I merge, the date of the transaction matches the invoice date. So, if the receipt date is Aug 30 and the payment is Sept 8, the transaction date sav…
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Hi, I remitted my HST to the CRA and now that the bank transaction is in Wave I'm trying to figure out how to apply that transaction to my HST Payable. HST Payable is not an option for the transaction category, but if it was I believe that would do what I'm looking for. Is there another method to account for the HST remittance that I'm maybe not …
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So recently withdrew some cash from our company checkings account to purchase office furniture from an liquidator. I'm wondering how to classify this withdrawing transaction. Would I create a transfer from checkings TO cash on hand? Then record the furniture purchases as expense in the cash on hand account? Any advice would be welcome. Cheers, …
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hello, so, i buy equipment for my restaurant business. it's not an operating expense, and i think it's an asset. how to record this kind of expense?
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Hi I am trying to figure out how to Record a Payment of an Sales Invoice I made to overseas company. So I have made an Invoice to the company and they have paid this invoice. But they deducted the business tax portion in their country. Both of the countries (my tax residency country and the country I offer service) have double taxation avoidance…
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As a business in Ontario I have to charge (and pay) the blended GST/HST rate of 13% on most transactions. Ordinarily this calculation goes off without a hitch. That said, in some instance I need to be able to modify the actual amount of tax charged or paid. For example; duty on an imported shipment. The cost to clear the shipment with Canada Post …
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Hello, I'm just getting started with Wave and trying to understand how to record a loan and the payments. I bought a piece of equipment and got a loan with installments. How do I record the original purchase, the installment payments and what goes towards principal, what goes towards interest? Thanks in advance!
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My accounting period end is mid-year but the accounts seems to only report January to December and I can't see how or where to change it. Can someone please let me know?
