Using Wave
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Discussion List
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I need to transfer the accounting of a small business from Simply Accounting to Wave. Can I transfer the accounts from the Trial Balance at end of year in Simply Accounting to a new Chart of Accounts in Wave, then what?
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I have a California LLC for my day job (consulting). I am building a web-based membership site as well. I do not want to create another LLC because I don't want to pay the $800 minimum tax again, so I'm going to operate the online business as a DBA under the LLC. Within Wave, do I need to have open (and pay for) a separate bank account for the on…
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Since the new design I am having troubles to split transactions as before. I am quite fine if Airbnb sends us one transaction and I just need to split it between the rental income and the fee. However if Airbnb sends 2-3 transactions together in one payment and I need to split it among 2-3 guests and their rental income and fees, I am lost as the …
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I was trying to import CSV bank files. One file went great, with > 30 entries. The other one, with only 10 entries, only the latest 5 rows showed up . The earliest ones did not show up. Try changing the date format to YYYY-MM-DD as suggested in the forum with no improvement. Any suggestion welcome. Thank you Ben
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I'm not an accountant I'm part of a not for profit which decide to use and since our books are so basic. I know it's an invoicing app, but occasionally we need to pay a bill for something. Can I do that and if so, where? It makes the banking link a bit pointless otherwise.
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I am trying to switch over from Quickbooks to Wave. I entered in my outstanding invoices from 2019 into wave. I see where one of my deposits were payments on a few of those invoices. How do I take that deposit and make it reflect as payments to those invoices?
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I have a small accounting biz in Edmonton. We do bookkeeping, of course, but also payroll and GST returns as well as T1, T2, T4, T5 and an assorted batch of other income tax returns.
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Hi. I am shutting down one business and moving to a new one. I would like to import all my customers from the old business to the new one. Is this possible and if so how? Any help appreciated.
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Hi all. I am evaluating Wave for a start-up / small business. As most users seem to be from USA & Canada, I'd be really interested to hear from European users, particularly from Ireland, about their experiences usin Wave. Do European banks integrate well ? Is intra EU VAT and Reverse Charge accounted for correctly ? Also, is there an eff…
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hey Wavers - I used to love wave 7 years ago but stopped using it due to limited tax options and use of multiple currencies . So i went back to excel & eventually moved to Quickbooks , which is a confusing nightmare. I'd like to move BACK to wave but I'm not sure if WAVE now has everything I want & need to run my business. Before I schedu…
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I have just found Wave and would like to use it, mostly for the ability to scan receipts or send photo of receipts in to be automatically input onto my account. (if i understand that correctly anyway, is that right?) I don't do any invoicing or payroll. I just want to use my wave account like a hand written checking account register showing the…
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Hey, I'm a small business owner in Phoenix. If anyone reads this and is in the area message me. Would love to connect with some Wave users.
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As our business has grown WAVE has grown with us! Ease of invoicing has made it so smooth for our website design and SEO company to invoice clients. We love the new you WAVE, looking good! - Susan WebMax dot CA (We are happy to assist any micro or small business - ask away!)
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In QBO when checks were received for invoices, these check amounts would go into an account called undeposited funds then one deposit entry was made to the bank account instead of several small ones. How do I do this in Wave.
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Hi to all. I keep the books for a small family run Non-profit ministry. Our accounting is really simple. I have used Quickbooks Desktop for twenty years, but Inuit has really abandoned the program because it is trying to force all of the Desktop users to switch to Quickbooks online. I was recently forced to upgrade to the 2020 version of Quick…
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Hi everyone, I am in the UK and I am looking for some urgent support - happy to pay. I am preparing my business for sale so I am getting my books in order from May 2018 to date. Everything has been perfectly reconciled but I have some questions about: The use of inter company loan as a way of accounting for payments into my business account tha…
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Good day people Does anybody know of a way to search a keyword throughout invoices or estimates? If it does not exist, will it be launched anytime soon? I think it will be a very helpful feature for us all if not available yet. Kind regards Vic
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I have read a few posts on this topic and it seems like there is no option but wanted to be sure. To put it in terms of wave: When I create an invoice I add an item. I put in a value and a quantity. I need to track that quantity in wave. So for example I set 500 items, and the system tracks it for me. When it hits x% I get an alert. In term of g…
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Hi, I'm trying to workout how to change the Business address on an invoice so that the County is not on the same line as the post code? I have tried numerous different settings but i cant get it to display correctly on the line below? I have attached a Screen shot. Any ideas? Thanks
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I set up my connection to paypal from the beginning (2015) and only transaction from January 2020 and December 2019 show up? The indication of import in progress is no longer showing so I assume its done. What could be wrong?
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We are merging a one business to a second business and want to know how to export data from business one to business two. Is this possible?
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Hi, can someone tell me what a journal transaction is please? (probably a silly question!) Cheers Kate
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I have a client who is looking to convert two companies from Quickbooks Online to Wave. The companies have a combined total of about 2600 transactions he would like entered in as sales receipts and invoices from 2018 and 2019 so he can run comparison reports. Is there a way to upload those transactions instead of manually entering them one by one?
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I'm often paid in cash, which I just spend and don't deposit. However, I still invoice and record the income so I can pay proper taxes on it. How do I record the payment? As Cash on Hand, Withdrawal, or ??
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is it possible for wave to import simply accounting 2011 data? what is the way to do that?
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Did you guys do that or know if this is possible? Got a small business with 6 months of record keeping here so I can give more statements from my bank to make up for the 6 months I wasn’t a customer as well to the bookkeeper at Wave but not sure how much they charge and if it’s worth it rather than paying $1K+ for an accountant near me in a Toront…
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There are two sides to my business. I run a market and I also manufacture a drink. They run under the same ABN however have separate bank accounts. We want to be able to report on them separately . Sometimes one account will loan money to the other. Should I set up as two separate businesses? Any suggestions for how I can manage this?
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i'm moving to Wave 1/1. i already setup my business but i want to start fresh for the next year. so i only want to import my transactions starting on that date and not to carry over from 2019. do i erase my business and start a new one on that date. or how do i make the effective date 1/1?
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If I sent an invoice using wave and my clients wants to pay the invoice with their debit or credit card, how much would it cost me for each transaction or amount or if there is any monthly fee. Can you please help me understand the fee?
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So this may sound silly but...if I have my bank connected and it imports the transactions into Wave do I have to put in the utility bill under purchases (?), pay it (bank payment) and then when it is imported just mark reviewed?
