Using Wave
For questions about how to use Wave! Everything from getting started, to updating your profile, to understanding navigation.
Discussion List
-
Down load of visa transactions is showing as a credit and for actual credit to the visa is showing as debits... anyone else have this problem .... the bank download is fine. I am in Canada
-
Sorry for the long intro, but it may be needed to fully understand the depth of the intertwined accounts. I'm a sole proprietor in the US. I initially opened a Wave account in 8/20 to create invoices and help organize expenses for taxes for a job in which I'm considered an independent contractor (Company A). I also receive paychecks as a part-time…
-
Hi Guys I 've been using wave apps for a year now, I never thought to ask questions on this forum, my question is, there an easy way to add a discount on a bill given by the supplier, Your help means a lot to my business. thanks in advance
-
Any recommendations for how I should record Dividend payments from my business to myself? Can I simply set myself up as a Vendor and transfer funds from the business account to my personal account and record the transaction in Wave accordingly or is there a better accounting method to record this transaction? Does Wave have the ability to produce…
-
Hi everyone, In the past, I recorded an owner's draw under the equity section "Owner's investment and Owner's draw". Now my equity is in the negative. Should I be recording draws as an expense item "owner's wages" instead? How do you all manage that? Thanks!
-
We sell through an online website that allows us to send messages for a fee to potential customers. That fee is deducted from our sales receipt. I am currently using a Discount Income account to track reductions in sales we made in the price, a Payment Processing Expense account to track the percentage of sales they deduct for the service they …
-
This question I've tried to research and have not found an. answer yet. I run a lawn care company and have a liability for a new mower that was purchased when I was approved for a loan. I have created a Liability for that mower as I make monthly payments on it. Question 1: --If I make a payment by credit card do I make that transaction a withdra…
-
I imported all of my bank transactions and am trying to categorize them. When I click on the category drop down it is not showing me any expense categories?
-
Inquiring about how to categorize a quarterly tax payment under my LLC. I am a single-member LLC. Transaction is labeled as Withdrawal ACH IRS. I have it categorized under "Payroll Taxes". Is this correct? My account is in the negative. I just started using Wave as of January 1, 2022. Could you please email me at: info@wcsupportservices.…
-
I just did my bookkeeping on paper last year, but this year I'm doing it in Wave. For last year's taxes I just gave my accountant a list of the personally owned equipment we use for our business along with a percentage for each thing (for example, we own a tractor and estimated we used it 20% of the time for the business) and then the accountant d…
-
How can I edit the Total Amount in an Income transaction that I split between several income categories?
-
I'm a brand new Wave user. I'm not sure how to track bars of soap that we've removed from inventory for personal use. Suggestions? I have to be able to track it in order to pay use and sales tax (among other things).
-
I see no applicable category in the drop-down menu. Is there a second level category, and if so, which do I start with?
-
We are trying to add a user as an Editor, but when that user tries to access the Wave Apps account, all we see is a greyed out Accounting menu/button on left with no drop down arrow. Clicking on Accounting does nothing, either. Therefore Editors cannot access transactions, etc. This appears to be a bug. Help?
-
Hi! My client just added me as an editor. I have several accounts already with Wave and am quite familiar with it. Somehow, when they added me, I can only see the word "accounting" and there is no drop down menu next to it. They set it up as a personal. If they re-set it up as a business would that fix it or where is the disconnect. I c…
-
We are a UK business and hoping to still be able to use WAVE for as long as we can due to its' speed and simplicity to set up and use. Of course we are disappointed that we have to move to another supplier for full services. We have already trialled Fresh Books which is almost identical to Wave how it is structured and how it works and 100% would …
-
How do I get a detailed listing of invoices that are outstanding for a vendor?
-
Hi all, I have a frustrating problem and hopefully, someone out there can help me out. All my expenses for my business are inputted into Wave account by uploading bank statements, that have been downloaded from my online bank account. Once the statements are uploaded I then go through each individual entry and designate as an expense, or paid i…giftedmidfielder 41 views 5 comments 0 points Most recent by giftedmidfielder January 10, 2022 8:26AM
-
Hi: There are regular monthly payments/transfers from my business bank account to my personal line of credit. I would like advice on how to categorize these transactions. Under the business Wave account, I have categorized them as owner drawings. In the line of credit account under Personal in Wave, I do not know how to categorize those deposits.…
-
Hi There, I'm getting ready for my first year-end and I've done a few journal entries to adjust for expenses paid personally (i.e. Office Supplies). I've noticed however on the tax report that the "Purchases Subject to Tax" column does not reflect these new expenses. Any suggestions on how to fix this?
-
My CC statements are like 250 pages and up. I have a lot of transactions! Luckily, most are categorized as the exact same thing, but I am having trouble importing all of these transactions because the file is too large and Wave rejects it. Is there a way to "bulk" enter data from a CC statement? ie. "New balance Payments/credits N…
-
Hello, I am new to Wave. I sell on eBay. When eBay managed payments get deposited in my bank account do I classify this as a transfer in Wave?
-
Hello, I collect sales tax in New York City and State on most services that I offer. When sales taxes are submitted each quarter, you get to keep a portion of what you collected as a "Vendor Collection Credit" -- something around 5%. I was wondering how to account for this in Wave so that I don't overpay sales tax the next quarter, sinc…
-
I got a message from Wave saying that credit card payments for Wave invoices via Stripe will stop working in 2022. This is nuts - why would they break that feature? Has anyone found a work around or solution? Seems like a suicide pill to me for Wave - being able to easily create invoices and get paid for them was a key feature and lure of Wave.
-
I have two question on a scenario and trying to get an understanding on what it means wrt accounting and tax returns. Planning to start a new LLC in Dec 2021. We have someone interested to investment. We dont expect to have any income coming in this year but we may be incurring some expenses. So basically Capital Investment for a another company,…
-
I am using Wave for our non-profits books; we get in-kind donations that we turn around and give away as prizes at our biannual bingo. What would be the best way for us to record these on our books?
-
Seems like a lot of wavers outside of the USA - anybody from US?
-
I work remotely (US) and am planning an extended stay in the Caribbean. Will my Wave Money debit card work overseas? Thanks.
-
CSV UPLOAD NOT WORKING
-
Should these be deleted or should they stay in and be reconciled? I'm specifically referring to credit card payments.
