payments by wave account showing a negative balance?

volunteertreasurer

Why would a negative balance be showing in my payments by wave account?

JulianP

Hey @volunteertreasurer !

If you have a negative balance in your Payments by Wave account, you may have some incorrectly categorized invoice payment transactions. For every invoice paid online through Wave, make sure you have the following 3 transactions for each:

1. Initial Payments by Wave transaction (money in transit)
2. Bank deposit transaction (funds landing)
3. Transfer transaction (to record the movement of funds between accounts)

If you are missing any of these transactions for your invoices, I suggest taking a look at our Payments resources below to help you get your books sorted out.

• Automated bookkeeping with Wave Payments
• [Video] Bookkeeping your Invoice Payments

I hope this helps!