Money billed but not paid?
JulieJoanes
Member Posts: 1
Is there a way to put into transactions money billed but not paid?
0
JulieJoanes
Member Posts: 1
Is there a way to put into transactions money billed but not paid?
Comments
Hi @JulieJoanes.
Wave performs accounting on an accrual-basis, which means that income and expenses are recorded the second an invoice or a bill is created, as opposed to cash-based accounting, where income and expenses are recorded when money changes hand.
If you do your accounting on a cash-basis, there is a workaround, but it takes a bit more work. You can find it here.