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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Dear Sirs, I tried your program, I am an accountant and a small business owner. I have over 14 years of experience and I find your program great for small businesses. I would like to bring your program to Croatia, translate it and adjust it to our system and then market it and teach my customers how to use it. Please let me know if you are interes…
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Hi team, I'm new to wave and not 100% sure what I'm doing. Does anyone have a checklist they wouldn't mind sharing with me so I can figure out how to reconcile my books for end of month? Thanks :)
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More specifically a request to duplicate a row in an invoice (like ctrl+drag)
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Saludos! Como divido mis negocios y manejo el inventario? Como cobro con tarjetas visa master card etc
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Hello, I see my payouts are my correct connected bank account but I expected to see the payouts already visible in my bank reconciliation screen. -I don't have the ability to adjust a Wave Payout so I can't reset the payout (delete it and re-add it) in order to reconcile the bank account in the system. -If I add the deposit amount (as a transact…
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Hi sorry, Im paying someone now, and the net pay is being deducted from my checking account, good, but Im building up a tax due amount, and thought payroll would be deducting the money and paying my taxes for me
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Hi there, am struggling and hoping someone can help! In my purchases, all bills have been paid and have the "paid" status with $0.00 balance due, in my balance sheet I have many of those "paid" bills showing up as a liability in my accounts payable. Also have them showing on my dashboard too. TIA
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I checked the help section, it says to click om Manage your profile, i dont seem to have that option?? Please assist TIA
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I'm an accounting novice. Here is what I'm trying to do and hope I can get some advice on how to best keep track of these 3 things Keep track of personal account rental property and need to keep track of costs, income for that Starting a small farm and will eventually need to show costs and income for that to apply for farm status. Just starti…
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Hi Waveapps, Just wondering why my cash flow report doesn't appear on the report, whilst all transaction have been done. Thanks
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Hello, I'm new to capturing receipts on wave . I am trying to capture a receipt for an expense made to purchase an asset. I am not able to attach this receipt to a category because there are no asset accounts in the category drop down list under receipts. Does anyone have a walk around for this please?
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Noticed a required field under Employee Tax Details - "NRA Exemption Amount" What is expected to be added in this field?Does this apply for Employees who are US Citizens?
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I am not entering individual invoices or receipts. All I am entering is deposits and payments made. How do I record a payment made to pay sales tax to the government? When I try to record it in transactions and use the Sales Tax payable to Government in the COA dropdown it arrows over to where there should be more options but there are no optio…
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I have thrown out all my bank accounts. And open new accounts with TransferWise! I am also using Stripe for my online payments. And payments with cards directly. SO my question is how do I set this up in the best way in Wave? This is how I had it setup before. Cash (USD) Cash (EUR) Cash (PHP) HSBC Bank (USD) HSBC Bank (EUR) HSBC Bank (PHP) All …
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I have read the help sheet on recording capital assets and depreciation too. It doesn't tell me how I keep track of a specific asset when depreciating. Your dcumentation talks only of a general depreciation account with no reference to the asset it refers to. I understand this is so as not to undervalue the value of assets that a business owns bu…
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Message me.
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We have a S Corp with a single employee. For Employee 401K Contribution - A "Deduct from Pay" for 401k contribution was added under Benefits and Deductions. The employee contribution for 401k is shown in Payroll (done by wave). Then when the actual transaction to take out the 401k employee contribution comes in, it is categorized as payr…
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Hi Everyone. I'm a web developer and I'm using Wave to bill my customers. I charge a flat hourly rate for different products but I update the product description on each item to tell my customer what I did for them. Currently I have 100+ items with the same title but different descriptions. Can I just have a single item and change the descript…
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Hi everyone, I have a quick question about the difference between Cash on Hand and Owner Investment/Drawings. I started working as an independent consultant and very recently started to use Wave to track my billing. I am also very new to accounting. When recording the payment for the invoice, does the payment go under cash on hand or owner invest…
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I started using wave for my photography business about 2 years ago. This year my husband made another account for me for my craft business as well. How do i link these 2 accounts on my one profile
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Hi, I am a freelancer that gets paid as both a 1099 and W2. When I get paid under a W2 the company will withhold taxes for me. My CPA got a little confused on how I had categorized my W2's. She associates invoice payments as 1099, which makes sense. I was creating invoices for my W2 jobs but this caused a lot of confusion when it came time to file…
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Hi Everyone, I'm in Margate, KZN, South Africa. Where are you based in RSA and how are you enjoying WaveApps? I've been using it with my clients for over a year, and its awesome. Some use it just for invoicing and others for actually doing their books monthly or annually.
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In Germany, we write cents after a comma. Example €370,76 but Waves gives me €370.76 no matter what I do. How can I change it? Otherwise, germans can not use this great software at all. I'm not a german but my small freelance business in Germany and there are many freelancers here. Please help. I have done a few invoices and then I noticed this pr…
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How do I remove my personal transactions (income and expenses) from the business reporting? For example the P&L
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Can someone please tell me how to split a payment between 2 payment accounts? e.g. purchasing an item using 2 different accounts. I see no way to do this other than by a JE or entering a piece in one account, and the other piece in the 2nd account. Is it possible to do this in one transaction? Thanks, Denise
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Hi, I'm new and confused. I'm an online seller and I don't have inventory. I created invoices and recorded payment and I got the Profit & Loss report. However I don't know how to get the actual net profit as the total payment recorded is not subtracted with COGS. As far as I know COGS is when you have inventory but I don't as my customer buys …
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when i receive a payment How can i make Payment Voucher in Wave
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I often hire some freelancers from fiverr to assist on a project and they are located in Canada and Europe. I am based in the US. What is the correct way to categorize these transactions? Should I make a bill every time I send over a payment or just categorize it as services expenses? Do I need to create a report at the end of the year for my tax …
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Hello, is it possible to work on all models of Wave? I mean, is it possible to work on the accounting, invoicing and receipts and integrating all together so each transacion affect the other modules? One more question, is wave software support barcodes/ barcoding? for inventory and invoicing? Many thanks
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I am currently using Quicknooks 2013.. Can the Company data that I have entered be imported into Wave.