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Receipts vs. Services for Professional Development

jacki0486jacki0486 Member Posts: 2

Hi Folks...
I'm new to using Wave and have figured everything out but one thing: where in the world do I log professional development courses that I have purchased to grow my own skills? I've created a category for it so it can be posted correctly, but I'm not sure if I would enter it under Purchases-"Receipts" or Purchases-"Products & Services" and I haven't had any luck finding that info.
Thanks in advance!
~Jacki

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in Accounting Technical Support

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    MikegMikeg Member Posts: 995 ✭✭✭

    @jacki0486,
    If you purchased materials or pay for seminars to hone your skills, you would create an operating expense called Training and Education. Post your expense there.

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    jacki0486jacki0486 Member Posts: 2

    @Mikeg said:
    @jacki0486,
    If you purchased materials or pay for seminars to hone your skills, you would create an operating expense called Training and Education. Post your expense there.

    As I said in my post, I've already done that... I just don't know if from a Wave Apps entry standpoint if I would add it under the Receipt tab or the "Purchases - Products & Services" tab. THAT is my question.

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    EmmaPEmmaP Member Posts: 639 ✭✭✭

    Hi @jacki0486! You would add an Operating Expense account under: Accounting -> Chart of Accounts -> Expenses :)

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