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How do i record money placed in a Business Savings Account on Wave Accounting?

Ecologic_adminEcologic_admin Member Posts: 4

Hi, I manage my business with a main account, and a savings pocket (A linked savings accounts). How would i record these transactions on Wave Accounting. Can someone please assist. Thanks!

in Accounting Technical Support

Comments

  • Ecologic_adminEcologic_admin Member Posts: 4

    Sorry, maybe i wasnt clear enough. When i make transfers between the two accounts. How would i note them in Wave Accounting?

  • AlexLAlexL Member Posts: 2,869 ✭✭✭

    Hey @Ecologic_admin , we actually have a very handy Help Center article which will break down exactly how to create transfers. Check it out above!

  • LititiaLititia Member Posts: 1

    Dear There,
    We have a local Currency such as CHF since we are in Switzerland, but we have client pays us, or our inversement in USD. So we will have two currencies bank account. How we can have report on balance sheet or PP to show both consolidated local currency and USD currency? then how we can set the exchange rate?

  • ConnorMConnorM Member Posts: 1,229 ✭✭✭

    Hey @Lititia! Thanks for reaching out here. I'm thinking that this Help Center article here might help you out as far as these multiple currency accounts would look in Wave. That should get you started!

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