Reconcile
Gabs
Member Posts: 2
How can I reconcile on Wave if I was using cash in the beginning (before I had any sales and a bank account)? It's asking for statement ending balance.
0
Gabs
Member Posts: 2
How can I reconcile on Wave if I was using cash in the beginning (before I had any sales and a bank account)? It's asking for statement ending balance.
Comments
@Gabs,
If you are just using what is going through the bank in the transactions, then you do not need to reconcile because there should not be a difference between Wave's cash balance and your bank. Only when you are manually keying in transactions would you need to reconcile. For instance, you manually enter a check written on 11/29. Chances are it did not clear the bank so the balance in Wave would be less than what the bank says you have on 11/30.