New chart of accounts & how to manage categories for your invoice products
System
Posts: 412 admin
New chart of accounts & how to manage categories for your invoice products
Your Chart of Accounts is where you'll go to organize your accounting and ensure that your business is accurately represented within Wave. If you use our Invoicing tools, you may find the Income ta...
0
Comments
I added a new account twice accidentally. How do I delete one?
What types of Income categories would you recommend? What do you see as a popular choices for the categories people have as category names?
Also, what is the difference between Income and Other Income? Isn't it all income?
Why am I not seeing any of all the new upgrades and designs?
Hey @Phoenix -- We've recently put the migration on hold for our users due to the complex nature of how some of the feature improvements have affected our users on the previous software. With that said, we're to have all of our users migrated over to the new software as soon as possible.
@b_levitt glad you found it!
Arly I assume you found the answer to your question but if you haven't I hope this helps
1) Click on the account you want to delete
2) Click the pencil at the right hand side to edit the account. This opens up the account in a pop up window.
3) You will now see the following details
Account Details
Account Name
Edit account ID and description
Archive Account
4) Beside Archive Account there is a tick box to Prevent further usage of this account. Click this box. You will still be able to generate reports for this account, and all previously categorized transactions will remain unchanged.
5) Save
@Lorn Thanks for supporting a fellow business owner! Definitely feeling the community vibes
"Treat others as you want them to treat you"
@Lorn Love it, absolutely! Kindness is cool
And yes, we're always here if you need any help!
Is it possible to bulk upload Accounts into the Chart of Accounts?
Hey there @gdesmedt1
Unfortunately this kind of action is not possible. Nor is importing any chart of accounts from a previous program. As most of you may have already discovered setting up each individual account is done on a singular basis.
Is it possible to (detail) sort reports by account number?
Hi @Anton! Thanks for reaching out here. At the moment, accounts will be sorted alphabetically in Wave when displaying on a report. What is your current process for naming your accounts in Wave? Are you referring to any specific report? If you have any feedback or ideas, we'd be happy to hear it!