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BrendaBrenda Member Posts: 1

Why when I Inv client and the client pays in the same mth, why does not the sale show up in my TAX report(cash & equivelant) for that mth???, this has occurred twice now ( I do not use Bank Feeds) prefer to do manual reconciliations

in Accounting Technical Support

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  • AlexiaAlexia Member Posts: 3,314 ✭✭✭✭

    Hi @Brenda.

    The entries that show up in your tax report should match the date of creation of the invoice, not the date of the payment. This is because Wave uses accrual accounting by default. If the date range of your report includes the creation date of your invoice, it should appear on your sales tax report.

    Can you give us a bit more information? If you can give me screenshots and invoice dates, I'll be able to give you a better answer.

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