Accounting Technical Support
Discussion List
-
Good day How can I transfer ownership of a Company File to the business owner. Thank you
-
Hi community! I'm hoping someone here can help :) I am trying to locate where to run the cash flow report. I do not see the option from the reporting tab. i also read this article:https://support.waveapps.com/hc/en-us/articles/115004964383-NEW-Cash-Flow-Statement but could not find how to locate. Would appreciate if someone can show me how to …
-
Is there a way to generate reports with a drop down list like "Last Quarter", "Year to date", etc, etc etc Is not very user friendly to enter custom dates for popular date ranges on reports ! Is there a feature for this and avoid manually entering common report dates ?
-
Hi there my accountant has given me a long list of all trial balances to input - these include corporation tax to profit and loss account brought forward. There was info on how to input the bank and credit card trial balance on wave but nothing on the other ones she has on the sheet. Can anyone shed any advice please? Thank you
-
OK ... okay ... o-k-a-y. I know that this may seem trivial, but -- should I create a new "Expense" category for "Vehicle Tag/Title/License" as opposed to just putting those items into the pre-populated category of: "Vehicle – Repairs & Maintenance"? Any benefit to doing so? Thanks in advance for your considerat…
-
What is the recommended workflow in Wave to properly account for the following? * I use the company credit card to make a purchase while on a business trip to visit a client. The purchase is to eventually be reimbursed by the client. * The purchase appeared in the transaction list as a credit to the company credit card account. * I created an inv…
-
2 Accounts had been uploading into my transactions which is an error. I have switched off the unwanted account. How do I do accurate accounting of my remaining business bank account for business income and expenses and remove the existing transactions of my personal account so as to be not calculated into the records or my business income and exp…
-
Would you please let me know how to account car lease payments on wave? Would I simply categorize the bank transfer to the vehicle company as Vehicle - Repairs & Maintenance? This is my first business setup, so it would be great if you can provide me with a step by step guide. Thank you very much in advance.
-
When I am in the transactions screen reconciling, it would be nice if there was a way to set a default chart of account for each vendor so that it auto populates when the bank transaction is downloaded. Is it already there?
-
I am new to WAVE. After having created some account-heads under Chart of Accounts, I wanted to start with my first transaction under Accounting> Transaction. I don't want to connect my bank account with WAVE as yet as I prefer to make my entries manually. As I click on 'Add Expense'. a tab opens up with current date and asks to write a descript…
-
I received two checks for two separate invoices from the same business. I went to the bank and deposited both of them. The bank import logged the deposit as one transaction but has two separate invoice transactions. I would like to merge the bank transaction against two invoices, is it possible to do that?
-
I enter vendor bills separately and then hand write a check for multiple bills. I cannot find a way to record the check. I tried to use the split transaction feature, but got an error message. Is it possible to record multiple bill payments with one check?
-
Wave is a great accounting system. It isn't too difficult to use but there are a few "to-do's" that you or your accountant need to perform before you get started. The first should be - setting up the opening balance sheet for your business (corporation or proprietorship). This populates balance sheet accounts so that, once the business b…
-
When I try to search for more than a single word, I get no results, even though there are posts that contain both words... Using Chrome v68.
-
Hi All, I would much appreciate if anyone can advise me on my accounting record.. ex: * withraw 100 for patty cash (in what category do i hv to record) * then the expenses from patty cash I keep the receipt as expenses * how to synchronize the account, coz the 1st one patty cash i hv recorded as withrawal.. then the expenses receipt I hv record…
-
How to convert Receipt to Asset Account - Purchase inventory instead of purchase resale item
-
Please guide me as how to set up an initial balance for one of my receivable accounts
-
I'm pretty new to accounting but I'm loving Wave so far. However I would like to ask, is it normal for the Equity Account to be in a negative value if my investment is less than my draws? I run a consulting business and the cost to run it is minimal. Let's say my initial investment to my sole proprietorship is 100 which I categorize as Owner's In…
-
I have several clients who use Wave. As their assigned Wave Pro I have been able to see their accounts in the past and help reclassify and code transactions. Recently I got a Wave client and I helped set up a chart of accounts and opening balance sheet entries. However, I wasn't able to see his bank transactions. Has this function been removed fro…
-
There was an article that suggested there was a new category labelled, "Refund to Expense." I can't find it on my current list or the list of "add new" categeories. Any ideas?
-
How can I create a new Account Type on Wave? For example under Equity, I would like to create Unpaid Share Capital and Paid-up Share Capital
-
Hi, Is it possible to search receipts uploaded by a certain person?
-
I have 2 businesses in wave for two different companies, now that these companies are the same, I need to transfer all accounting data from company A to company B, but I haven't seen a way to do this. Any ideas? Thank you!
-
Hello, I'm trying to add an expense to the "Short-term Liability" category but when I search for it in the dropdown category menu it can't seem to find it? Please advise. Thanks!
-
Hi, May i ask any way to Import our own file expenses record or transaction? or any CSV FORMAT we can download and added and import back to Wave?
-
Dear Expert Users, I am having problem with recording/assigning opening balances to the specific customers. How can I resolve this issue? I would be grateful to your advises and solution.
-
This is not the monthly bill. This is one-time purchase of an unlocked mobile phone. Should it be categorized as: Expense > Operating Expense > 1) Telephone - Wireless 2) Office Supplies 3) Computer - Hardware
-
Hi. I would like to know what the best set up for our accounting would be. I own a Closed corporation with my Fiance in South Africa. We have separate personal bank accounts and then the business account. I have a wave account set up for our business. Do we each need to have separate personal wave accounts or can i set us both up in one account. S…
-
Data Export Is there any way on the system we can already do this Under Settings - Data export - Export for Excel We have to send our receipts to our accountant each month and use the 'Export for Excel' to put these receipts in one file. The problem we have is that the file copies every receipt ever done so our accountant ends up with years of …
-
Why do Wave Payments default to Cash on Hand when the money is being put into my chequing account? Is it because the service charge is taken out before the money is deposited? Do I then have to do a transfer from cash on hand to chequing? That's an extra (and somewhat annoying) step. Is there a better way to set this up -- I really don't want to h…
