Upgraded Accounting Experience
Discussion List
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Hi Wavers, We’ve been updating Wave accounts to the new upgraded version of Wave Accounting for more than two years, and this move will be completed as of August 31st, 2020. This move allows us to work with the feedback you’ve given us to further improve our products. For users that were moved to the new version of Wave after September 2019, we …
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In the old Transactions page, I was able to enter a negative value when splitting a withdrawal while reconciling a statement from a supplier. IE. a credit for a returned item. I don't seem to be able to do that on the new Transactions page.
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I have been looking at Wave for a few days but there is a capability missing that is a deal-breaker for me and (I think) should be basic. The accounting system should be able to import/export/process/delete batch, large number of transactions easily. It seems this is impossible with Wave. Am I (hopefully) missing something?
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With the new interface, I cannot find how to set the currency type when I enter a journal entry. How to do this?
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my time is doubled or tripled now that I have to manually enter EVERY detail of my receipts. please bring it back
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I moved a receipt to personal. I am unable to locate it . Can you tell me where should look for the receipts moved to personal?
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As all over the EU the QR code bills are released and started up (replacing regular cupon bills) and most banks ahve uodated their apps to scan QR codes this would be an awesome addition to the wave invoices and payment systems... The QR code bill payment is a direct bank payment with no extra costs for buyer or seller since it is a simpke trans…
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Hi :-) Looks great and streamlined. I have a small issue.. When I want to split my transaction into sub categories, the split amount is not showing up anywhere and so when I work it out on my calculator and try to insert it, will not allow me to put in a decimal point. So I cant split my transactions. Any ideas how t o resolve this will be most we…
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I have read all posts about Business vs Personal but I cannot find the answer to the following: As the business is starting up, there are quite a few owner's investments that are done by means of purchasing assets for the business privately. I have paid many times now for business matters using my personal (private) bank account or credit card. …
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We rent high value equipment that leases for $2k-$6k/week. We require security deposits from non-established customers. The problem is we get charged on both ends of the security deposit with WAVE. This amount to huge amounts fees that are not typical with other payment processors where they do not charge fees for a refund, not only that they r…
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If you have a personal purchase on your business credit card or in your business bank account, how do you reconcile without having it impact your income statement? I mark the transactions as Personal in the description and treat them as a withdrawal in Owner investment/drawings... is that enough?
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Edited as I figured this out.
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Update - April 30, 2020: In February, we let you know that your Wave account cannot be updated to the new version of Wave Accounting and that your account would close on May 31. August 31, 2020, is the new closure deadline for your account. Before this date, you’ll need to open a new Wave account and move your data. We will reach out again befor…
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This discussion was created from comments split from: Updated Deadline: Accounts That Cannot Be Upgraded.
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Hello, I am having trouble in new version to get the Tax Receivable to show up in Balance Sheet report. It used to be there in old version. Nothing change in settings. Please share idea how can I get it back.
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I used to sort transactions by description all the time on the old version. Seems like a simple/practical feature to bring back. Please revive it. Thanks.
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Hey gang - is this a bug or is there just something I'm missing with this new Wave? Customer 1 pays invoice 111 with a check. The total is $100. Customer 2 pays invoice 222 with a check. The total is $200 I record both of them using the payment type as CHECK and the payment account as BANK. I deposit both of them at the bank. The deposit total i…
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Hi there. I loved the feature in the Classic version where I simply clicked a button and it moved transactions to the right account. I saw the link where you show how to do this differently by categorizing as owner investment/drawing, but this means I have to create a new entry every time instead of it being moved automatically. I am getting a bit…
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Hello, I've spent best part of four days trying to understanding about the migration adjustments. I've not been able to find a single article which explains in sufficient detail what to do and why it happen to a technical audience. If there is please can you let me know. So I see you cannot delete them so I have created a category called migratio…
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This is my first time asking question in this community. I am not sure what title i should use for my question (or request). Please correct me. Is it possible to have wider table for Account Balances Report, so the numbers only displayed in one line? For example: IDR32,359,200.00 instead of IDR32,359,200.0 0 I use IDR for currency instead of $ …
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I have been off work for roughly 6 months due to health issues. I am back now... and need to catch up all of my accounting... and I know NOTHING about this new version. What I mainly need is the single page where you key in all of your period starting balances - sales... expenses etc? Does that still exist somewhere? Need to get started on my taxe…
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I have 3 separate companies under my account and I can't separate the balance sheet per company anymore. This is a major nuisance and I am absolutely fed up with this app. I have used wave app for years and now I am actually considering going back to quick books. How can I separate the company balance sheet ? Why would you consolidate multiple …
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How can I pay someone Or transfer money without using the payroll system if I need to immediately pay someone
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I am really sorry I am so frustrated with the upgrade. I just want to cry. The old version was perfect for me and now I can't move anything, I can't find anything, I can't print ..... why does everything have to change for the worse.
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I really thought initially that Wave would be a genuine alternative to quickbooks.....however "can't / won't print checks"...... sorry that throws wave into a sub category of accounting software...... really, come on.... disbursements are still provided via company checks, once the heartbeat of any company..... I'm out !!!
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Hi everyone! I wanted to provide a bit more detail about the adjustment entries that you may have noticed since we’ve updated your Wave account to the upgraded accounting experience. We created these entries to account for discrepancies between how we calculated things in the old accounting experience compared to the new upgrade. These include t…
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Since Wave has updated I see we now have to assign the sales tax click UPDATE and click SAVE. Did not realise this until it was too late and had assigned taxes only to not have them autosave. Huge pain. Once it's assigned it should not need a second step to save it.
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Hi everyone! I wanted to provide a bit more detail about the adjustment entries that you may have noticed since we’ve updated your Wave account to the upgraded accounting experience. We created these entries to account for discrepancies between how we calculated things in the old accounting experience compared to the new upgrade. These include t…
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In the old version of the "transactions" dashboard I would make two transactions. An expense to my bank account and an income to your credit. Then select both transactions and click on the transfer button. This will categorize both transactions as the two sides of a transfer. With the new format I am TOTALLY lost. Question...how do I rel…
