Using Wave
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Discussion List
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My company is growing and we're opening another office in a neighboring state. We would like to know how to manage the transactions and customers for the new location. How do we add the other location and can we run reports to see details comparing both offices?
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Hello, At the end of the year we transfer all profit to each owner's capital account. On the balance sheet it appears correct. We use Partner's Distribution to move the profit from retain earnings to the capital accounts as you can see below. This makes the retained earnings zero at the end of the year. But the issue I'm having is that on the…
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Normally, when I see a credit card payment in my transaction list, I select it where it says uncategorized expenses, then I choose transfer to credit card. Then it shows the matching credit card and I select that which then connects them and I can jit the check mark for both. Lately, it has not been showing the matching CC amount, so I don't know…
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is there any person who uses this app in Indonesia. please feel free to communicate with each other as I need someone who understands the system. regards Fredy
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Hello everyone , I have a virtual bookkeeping in Florida ( Broward , Miami, Westpalm Beach ) if you are in these areas I can help and also virtually. Thank you
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I would like to have a coffee / breakfast with other Wave users in Miami. If you're interested just leave a comment below.
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How do I setup a transaction in my ledger to show a refund for a purchase that has been placed onto a gift card. This is not something that would show on my bank statement since the refund went directly to a gift card. I created a journal entry (see journal entry). Would this be an accurate way to show the transaction?
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Hello, I'm looking to use Wave for tracking my local Boy Scout troop finances. Does anyone have a guide for this type of tracking? Below is one of the main use-cases I need to be able to support. In general I need to support this type of functionality 1) Track Income and Expenses for Trips 1.1 Track payments (income) from Members for the Trip…
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As the title asks.
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Hello there, I’m wanting to turn on credit card payments for my clients soon but afraid to do so with all the BMO issues I’ve been reading. Can anyone shed some light on this? Are there currently any issues with credit card processing and paying it out to a BMO business account?
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My client paid me through Wave on July 28th. First I had to link my bank account. Then I had to wait for it to be verified by Wave. Then my payment was on hold. Now my account is under review. I am so pissed. Online there are reviews saying Wave has kept people's money for months at a time, only to refund it back to the person who sent it. This …
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please help
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How do I add bills to my Personal account? I dont see purchases or add vendor anywhere.
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I began using WAVE on 1st Jan 2019. At the end of 2019, financial reports were compiled for audit and taxation. All are well. But I did not end 2019 as a previous fiscal year. I merely continued inputting data. Now I need to compile financial reports for year ending 2020 and found that balance sheet still shows 2019 figures. How do I go back to en…
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I want to create a new business with a fairly empty chart of accounts. I find whenever I create using one of the existing types (ie. Landlord), it fills the chart of accounts with a lot (~30) accounts that I don't need. I can take the time to archive all of these accounts, but it takes a while to do. I'd much prefer to fill the chart with the acco…
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I have two short-term vacation rental properties, using two different bank accounts. I am NOT an accounting kind of person, and many of the terms in the software are confusing to me. I'm hoping that there is a template that I can use to set up Wave for my situation. My thoughts on what I would like to do: * I would like to be able to run repor…
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Hi. I am a UK user. I understand that Wave soon won't be available in the UK? When will I lose access please?
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how do you account on sales invoices for the new UK construction industry VAT reverse charge that started on 1st March 2021.
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A client has paid twice for the same invoice. I have allocated the first payment to the invoice but don’t know how to allocate the second payment to their account as a credit. There is no option to allocate this payment to a specific account only an invoice. I am on the free package. Please advise how to do this 😊
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Hi All Understanding Stripe features are removed from 30th June. We don't use stripe or credit card payment features. We use Wave for Invoicing only and bank reconciliation. All clients direct deposit. Details on Invoice Footnote. Will i still be able to use Wave in this capacity after 30th June ??? Can i still access all previous invoices if the…
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Hi wave Team . I am a business controller from Malaysia and we use WAVE APPS for all our micro SME clients . We received the notification today , If is a short notice for us for active users how long can we use Wave Apps , as we need to the the data migration to another accounting system , Thank you for the suggestion to use Zoho , but we are not…
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Hi I'm a small business owner from South Africa and it's been very disheartening to learn of Wave's decision and the writing is clearly on the wall for the rest of us in the world . It's sad that a system that I've been using for years now , grown to depend on ,be comfortable with and most importantly is 100% happy with and never thought of gettin…
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Well isn't that interesting, it seems Wave have now started censoring posts on the forum - will this be deleted to? I just now posted over on the popular thread regarding being able to attach receipts to transactions here: https://community.waveapps.com/discussion/590/how-to-attach-receipt-to-account-transaction/ Wrote a very long post (which I …
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I am not seeing how to post a customer deposit payment. Ideally, the cash would be posted to a deposit liablity GL account, but show up as unapplied cash or credit on account for the customer to be applied to periodic invoices as work is completed. I only see a way to post a payment directly to an invoice. I could account for the deposit via JE …
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I purchase most of the material (that I sell) from a vendor that doesn't charge me Sales tax, but some of the items (tools etc.) I need to pay Sales tax on. How do I record the sales tax so it shows up in the sales tax bucket?
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I'm having issues when categorizing refunds on transactions. I have several refunds in my transaction list for items belonging to a single bill. When I change the category for these transactions to "Refund Received for a Bill in Wave" and apply the refunds to the bill in question; it instead of being a refund now shows a balance owing o…
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I just uploaded a receipt via the Receipts App and wanted to fill in the additional info on the desktop but somehow the Receipts function on the desktop has disappeared. I only see Bills, Vendors and Products & Services option within Purchases ledger. Please advise.
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Hello, We updated our bank information of transactions and now it seems that everything is lost, no transactions show up. Any tips, help to recover my data?
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I have a very simple new consulting business. No employees and no retail, just consulting services to a single client. Wave is great. I just need a better understanding of the accounting reconciliation, so I'm putting things in the right category and not duplicating expenses. Could someone talk me through categorizations for these things: -monthl…
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I'm under the belief that a computer extended warranty is part of the hardware expense, but I want to make sure before I file it. IT was on the same receipt as the hardware purchase.
