Using Wave
For questions about how to use Wave! Everything from getting started, to updating your profile, to understanding navigation.
Discussion List
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We have trucks lease to run for a Air Carrier. Each week I receive a settlement for each truck. The settlement has our pay for different items and deductions for insurance, fuel and etc. The net amount is deposited by ach. I have to keep track of the deductions, because the 1099 will have the gross amount, not the net. Attached is last weeks settl…
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HI, using waveconnect, successfully importing the data but the date is 1 day earlier. is there a problem with waveconnect ? try 2019/12/16 and 2019-12-16 turn up after importing is 2019-12-15 on my waveapp transaction ?
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Anyone from the Greater Toronto Area, Ontario wanna connect? Or even as far north as Barrie.
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I'm new to Wave and was trying to override the HST paid on an invoice since not the entire expense amount had HST applied to it but that detail was not provided on the suppliers invoice. Can't I just override the HST paid amount? I can in other accounting software but I get an error that it is not 13% for the HST if I try to enter another amount.…
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The prior Wave alliteration allowed me to create new categories, as needed. I run a small farm, and categories, such as Veterinary, Tractor repair, etc so not exist and I can no longer add it. This makes it very hard to actually categorize my expenses correctly.
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Hi there, I run a small decorations business (creating balloon decorations, cake toppers, party favors etc) I’m new to accounting and been trying to get my head wrapped around it. For all my supplies that I buy I post them as “office supplies” in the dropdown box in wave apps. I haven’t been able to figure out a proper designation for them. Also…
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I have an invoice that is clearly been issued and is under my invoices tab. I have received payment which is in my transactions. When I got to transactions to try to specify the "invoice in waves" is just is not there on the dropdown. I have tried making modest edits on the invoice and resaving, but it's just not showing on the dropdown.
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How do you record a payment for a bill or receipt, where the payment is split between two accounts ie a portion paid through your bank and a portion paid via cash or credit card? I've looked at the split transaction function under Accounting-transactions, but I don't see where you can split the payment account only the category/vendor/customer.
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I cannot see the bank transfer (ETA) option in my checkout dialog box. Any reasons why?
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Does Wave have a timeline on when the full data migration to ZoHo Books will be available?
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Hi, I have a liability account "Cleaner Owings" that I'd like to use to track what I owe to cleaners in my cleaning business. When the report below is set to "All Contacts" everything shows correctly. However when I switch to filter for just one vendor "Jesy", it doesn't show the Feb 20th transaction where that …
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I use Wave for a state-side business and love it. I live in the US Virgin Islands, a US territory, and am setting up an LLC here for island based consulting. VI is not in the list of states for adding an address. Is there any reason I can't use Wave in a US territory? I would also need to take payments using Wave, but I don't think there is an…
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Will we still be able to use the wave accounting system if we do not want to move to zoho accounting. we are currently in South Africa and are very pleased with the program, we are not using the payroll system and are uploading our bank statements manually. Thanks Amelia
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Hello, I am new to this platform and I have clients that I want to start using instead of QB how do I get them under me, and partner with wave?
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Can estimates have a 'Sent' status? According to the help documentation, they can. However, when I send estimates (using the Gmail option, not through WAVE), they do not get a status of Sent. Furthermore there is no option to 'mark as sent' as there is with Invoices. Can anyone assist me in marking my estimates as 'Sent'? I have to use the Gmail o…
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Hi, I have several businesses I use Wave accounting for. One of them does not have an "Other Expenses" type of account, only "Operating Expenses" and "Payroll Expenses". I don't know why Wave thought this was preferable for this company, but it isn't. I currently have all expenses recorded as "Operating"…
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Hello, I was just wondering how to delete accounts from the "accounts" column and income accounts from the "category" column in Wave? Cheers, Geordan
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Hi, I purchased a building in 2020 to start a little business. The purchase price was $45,000. I borrowed $36,000 from a bank and paid the balance (down payment) with my personal equity. I worked with a Wave coach and he entered the following journal entry to record the purchase: 1) $45,000 debit to an asset account (Property, Plant & Equipme…
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For several years, Wave has partnered with ADP to provide accounting software to ADP users by importing payroll transaction information directly into Wave. After careful consideration, we have chosen to discontinue the ADP integration for all existing connections on April 30, 2021. We appreciate this update may come as a disappointment to some of …
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My wife is a real estate agent with Compass. When Compass makes a commission payment, it includes line-item expenses like Transaction Coordinator Fee and a Resource Fee. Something like the following: Gross Commission Minus Transaction Coordinator Fee Minus Resource Fee Equals Net Commission (actual deposit) At the end of the year the they send…
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Hi, Wave is a free and beautiful software. I have 2 queries, if you can shed some light on them, that would be very helpful. * Can we set up Australian GST/Tax codes on Wave? * Can we do payroll on wave? Thank you
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I just joined Wave and I'm really excited to get more organized, as I'm having to do more myself now. When you set up your accounting, did you start at the beginning of the year? I'm looking at putting my charges into categories and wasn't going to go back further than this year.
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Hi everyone, happy to be a part of the wave movement.
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I cannot get Wave to work for me anymore and have wasted hours trying to get a response from customer service, posting on this forum, and googling ways around my issue. I cannot get Wave to import any of my 2020 TD bank transactions. Can anyone recommend an alternative to Wave? I need to get my taxes done and can't waste any more time waiting...
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I have a Virtual Bookkeeping Business, A-OK Bookkeeping Services, LLC, and have recently became acquainted with Wave! I really like the look of it and the simplicity of the software. I would like to set up one of my clients on Wave, but under my management, as I will be doing their books for them. How do I do that? Thank you!
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I have a new business and using Wave for the first time. I've uploaded all receipts but they're all showing up as expenses. How do I move certain expenditures over to COGS?
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I recently set up wave for our small business and have noticed that a payment our client made to us using wave's invoice bank transfer to our bank acct is taking a really long time. It originally said it would process on the 9th, but then each day it extends that date. It now says the 11th. The payment was entered on Mar 3rd. Is this normal? If so…
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Hi there, Quick question regarding expenses paid out of pocket. The only expenses incurred by our business in 2020 were paid out of pocket. I listed all of these expenses in the owner investment/drawing account type. When I run our balance sheet to prepare our taxes I noticed theses expenses show under equity. Is this correct? or should these exp…
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New to Wave. Trying to figure out when paying a bill on a credit card how to change the default general ledger account that shows up.
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hey :) Love Wave! I refer so many of my clients to it. Do you offer a referral program?
