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.
JulieJoanes
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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.