Accounting Technical Support
Discussion List
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I am a single owner (president) S corp and need to get a new laptop for my acupuncture business (I work under my S corp and receive a 1099 to my S corp, not to myself/SSN). I have an Apple specific credit card that allows 0% interest for 18 months with purchases such as this macbook will cost, therefore want to use the personal CC to make the larg…
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Hye. My previous year earning on 31/12/2016 should be reflected the same in my balance sheet 31/12/2017 right? But, why my previous year earning are not the same. I hope you can reply to me as quick as possible as it is an urgent matter. Thank you.
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I can't find a way to make reports of my deductions. I'm trying to switch from Quicken to Wave, but I have to be able to make customized expense reports for my tax deductions. Is this possible?
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Hi, A member of our club has been invoiced a quartlerly fee, by the club, for $500. They have since purchased a couple of items on behalf of the club for $400, which they should be reimbursed for. They have also given us $100 cash to go towards the balance remaining on the invoice. The $100 cash (which I assume is counted as cash on hand) will en…
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I have allocated my corporation tax payment to the taxes payable account which avoids it appearing as an expense but I now have this appearing as an unresolved balance. How do I credit the taxes payable account so that my tax payment has a balance to clear to zero?
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I have been using wave for about a year now. I logged in the other day to invoice a client and all my accounts have gone. All information lost. Has this happened to anyone else or know how to retrieve the lost accounts?
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HI trying to do this bank recon whoever when I click Reconcile the box with the amount and date comes up. The date is never the month end date but rather 1 or 2 days before - everytime I try change the date is reverts back to 1 days less that I entered. Would this have something to do with Time zones - rather frustrating . I am in South Africa A…
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I signed up to wave at the weekend and spent ages setting everything up, posting invoices and purchases but when I signed in today everything has gone. Has anyone else had this problem?
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the aged receivable report is not balancing - appear all the overpaid debtors is being left off the report. please advise
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When I create an invoice, it is showing up in revenue on the income statement even though it has not been paid. Is this correct? It's therefore not reflecting the accurate amount of income I have received by the end of our first quarter, for instance, because it is showing what was invoiced for and not what was actually paid. Thanks in advance fo…
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We have 15% tax in south africa. When I made a estimate the tax was more that 15% but when I covert estimate to invoice it fixed the tax. How do I fix the estimate tax
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On Wave I have two accounts: bank business checking & paypal, I have both of those accounts reconciled in the transactions area. However when I run the income report it is approximately $1,200 different then my bank + paypal balances. I've went through all the revenue and expenses and they all correlate to actual expenses. The only thing that…
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Hi I am new to Wave, please delete if not allowed. I am trying to decide if I should select Recoverable or Non-Recoverable for my sales tax. That would be for retail products. I am just not sure which option I should choose, or where I should look to determine the answer. Thanks for your help!
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Hello, Once the bill is paid using the option Cheque, how can we track the cheque number entered in the note?
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I earn money through two different jobs. I already have one of my trades set up and send invoices from that account regularly. I have just set up another account for my music work. However when approve the draft invoice and go to write a message to the client it says the email is sending from my other businesses email address. How do you add anoth…
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Hi, I am new to Wave. I am looking through the features to see if I can use it for a Scout Unit I am treasurer for. So far so good! A question regarding receipts. I have uploaded some receipts and which relate to card transactions. When I go to the transaction view, duplicate transactions are showing. One from the bank statement import and one fr…
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Hi. Some of my products are bought, and then sold on. Anyone know how I can have a different Cost price to Selling price on the same Item? Thanks
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tried to send the updated ledger to my accountant. i was supposed to send the march 2018 account but the excel file would only upload and send that data that is upto february 2018. I have put the correct search date of 1/2018 til 4/2018
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Hello wavers, I have several receipts (Vehicle Fuel) uploaded to my business account ( paid from Personal accnt.) They show under receipts but don't show in transactions. Some don't have a Payment Account listed and I can't edit them to add a Payment Account. Why ? I want to move all these (Vehicle Fuel) receipts to Personal but they don't show in…
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I cant seem to up load a bank csv bank statement. I've read the help and the document is as per the requirements. Please help.
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Hi All. I wanted to know if there is a way to back up my wave account. Like if ever there is something that happen to my account, I know I can use it to and include it in another account? Thanking you
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I seem to be missing one of my credit card liability account named "Hang Seng MC". I have been able to use this account as the Expense Category in the Billing screen in the past. See below: However, I no longer can see this listed when I create a new Bill as shown below: This account is listed in my "Liability/Credit Card&quo…
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I have several transfers that complete between my business checking account and paypal accounts. Some (not all) of those transfers are showing up as uncategorized income on the paypal account. I can't find what's different between these transfers and the transfers not categorized this way. More importantly, I'm not sure how to manually fix this er…
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Transactions showing 0 balance instead of negative balance after upload of expense receipts in receiI uploaded receipts of expenses and they all were listed in transactions tab, but the accounts show 0 balance instead of showing the negative balance. Please let me know how do I ensure the amount balance is updated to a negative number as I have no profit coming in yet.
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I'm trying to get a report that shows me the volume of products that were sold. Does anyone know how to generate that report?
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Hi I am a Photographer and I created an 2 Income Accounts : Cash on Hand and Electronic payments, now this customer pay in cash then I named the Account Cash and then I selected at the Category Photoshoot. But now I transferred the money into my bank account for a few Shoots after a week and now I want to show that this amount has been transferred…
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The VAT % was changed in South Africa from 1 April 2018. I can't make the adjustment from 14%-15%. Can anybody please advise.
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Hi, I'm planning to open Solo 401K. How will I record employer's contribution (up to 25% of salary). I see where I can add employee pre-tax deduction for 401k but I can't find a way to record and do it correctly for employer's portion.
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I have been seeing for months now that merge will be coming soon - but still nothing. I want to be able to click two items and merge them - not delete a bank transaction, etc. This is abig issue for me - so please advise on ETA?? Thanks!
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Recently I purchased a laptop for my business work & sold the one I had to a nother person. I wanted my accounts to reflect that (and any asset purchasing & selling) Im confused on how to add these transaction details to Wave.
