Help Center Discussion
For discussion & feedback regarding Wave's Help Center.
Discussion List
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Understanding retained earnings calculationsTo give you a better idea of the overall value of your business, we’ve made a new addition to the Balance Sheet in the form of the Retained Earnings section of the report. Scrolling to the bottom o... Read the full story here
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Updates to reports for invoicingThe Reports page is where you can dive deep into the numbers you see on the Dashboard, and where you can track how your business is doing month over month. The new Reports were built with better co... Read the full story here
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What is bank reconciliation and how do I use it?Use bank reconciliation to ensure that all of the transactions on your bank statement have been entered into Wave and that you don't have duplicate income or expenses transactions showing up anywhe... Read the full story here
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Foreign exchange gains and losses in foreign currency bank accountsIf your business holds funds in foreign currency bank accounts, you're aware that foreign exchange rates sometimes move in your favour, and sometimes they go against you. Wave allows you to create ... Read the full story here
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[NEW] Small business coverage through Next InsuranceWave partners with Next Insurance to connect you to simple, affordable, and transparent business insurance plans tailored to your specific industry and business needs. Next Insurance specializes in... Read the full story here
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What is a W4 Form?W4 forms, also known as Employee’s Withholding Allowance Certificate, are used to determine the amount of federal income to be deducted from an employee's paycheck. You can download the federal W4 ... Read the full story here
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Canadian employers - What is a TD1 form?This article is for Payroll by Wave in Canada. TD1 forms, also known as Personal Tax Credits Return Forms, are used to determine the amount of federal and provincial/territorial tax to be deducted ... Read the full story here
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How to find the branch, institution and account numbers for a bank accountTo set up direct deposit, you will need to know the branch, institution, and account number for your bank account. Your branch (transit), institution, and account number are located on the bottom o... Read the full story here
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[Limited Release] Introduction to Invoice AdvanceThis content covers a different version of our accounting software. Would you like to learn more about invoices with Wave? With Invoice Advance, you can quickly access funds from invoices before ... Read the full story here
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State by state year end W-2 filing guideOne important component of year end reporting requirements is filing with the state. Many states have their own annual reconciliation form, similar to the W-3 required at the federal level, and man... Read the full story here
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UPDATE June 4th, 2019: Hi folks, this discussion was previously linked to a Help Center article that has become out of date. We have depreciated the article and have closed this thread for comments.
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Financial settings: No more guessworkMaking sure your fiscal year settings are correct is important for preparing your financial statements through tax time. Reports including your Trial Balance Statement use your financial settings i... Read the full story here
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Canadian employers - Workplace health and safety boardsEach province and territory has a board that oversees health and safety in the workplace. As an employer, you may be required to register and pay premiums towards the health and safety board your p... Read the full story here
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Handling business expenses with a personal bank accountIt’s a good idea to keep your business and personal finances separate, but every once in a while you might happen to make a business purchase with a personal bank account. If you need to account fo... Read the full story here
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How do I record a payment to my contractor?This article applies to Payroll by Wave in Canada. Payroll by Wave does not support contractors or offer T4As for your contractors. The good news, though, is that you can still keep track of your... Read the full story here
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Tips for staying on top of accountingStaying on top of your accounting doesn't have to take up your entire life (or one very long weekend per year). Here are some tips! Connect your bank account - This will automatically import tran... Read the full story here
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Paying contractors: Everything you need to know about Form 1099-MISCThis feature is currently only available for Payroll by Wave in the US. Form 1099-MISC is an IRS form that summarizes all compensation your business has paid to a non-employee worker, or contractor... Read the full story here
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How to update an employee's salaryFollow these instructions to edit an employee's salary. You can schedule this change to take effect immediately, or at a later date. Click Payroll, then Employees in the menu on the left side of y... Read the full story here
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How to upload a receiptHow to Upload a Receipt Take a picture of your receipt and upload it to your computer. Click on Receipts tab on the left side of your screen. Click on the Upload Receipt button and select your rec... Read the full story here
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Upload bank and credit card statementsIf you don't want to connect your bank or credit card to Wave, or if your bank isn't among the 10,000 financial institutions that Wave supports, uploading your statements is a great way to avoid th... Read the full story here
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Batching and balancing transactions with an "undeposited funds" accountIf you process batches of transactions or transactions, that offset each other such as sales income and a credit card processing fee, the transactions which are shown on your bank statement may bec... Read the full story here
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I am trying to split a deposit into two transactions of payment received from Invoice in Wave. I have entered amount for each transaction that totals to the deposit total amount; however, I keep getting this error message. Please help if anyone can. I am using the newest Version of Wave.
