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Receipts to bill payment records
n0b5h00t3r
Member Posts: 3
Hi, it's my first day with on Wave and I notice that I wasn't able to upload a receipt as I record by bill payment.
I had to upload it on the receipt section but my total loss increased twice, once each for the bill payment and the receipt which I believe to have been recognized as a separate transaction.
How can I avoid this from happening? I need to keep a copy of the receipt for the bill payments made to my vendors.
Appreciate if anyone can help on this or if there was already a solution somewhere in this forum which I wasn't able to find.
Regards,
n0b5h00t3r.
1
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I'm also interested in the reply about this, thanks.
Well, seems like there isn't any answers, I've also logged a support case for now. Will be posting their results here for community reference.
Hey there @n0b5h00t3r
Are you able to merge the two transactions?
Let us know!
So I got a reply via email from "Wave support@waveaccounting2.zendesk.com" on the 19th of August 2020. Didn't know that this was it and nothing else.
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@BarsinA would you be able to help on this then?
Appreciate it!
Hey again @n0b5h00t3r
Would you mind trying the merge transactions feature to merge your receipt transaction to the bill payment transaction? Select the two transactions check boxes and select merge at the top.
Hi @Barsin - After your comment, I thought about doing this. In my case, I ONLY had to create a bill because what I purchased was an asset, and I couldn't choose an asset category on the receipt (according to another thread, this is not possible to do, at least yet). Therefore, if I create a receipt, I am forced to categorize it incorrectly as an expense. If I go ahead and enter the receipt with a "dummy" category, and then merge it with the bill payment, will the end result have the correct account?
Hi @Shanearoonie!
That's right, if you merge the Receipt and Bill payment transactions, the category for the transaction will now be "Payment to ... Vendor", and the product's category will default to the category selected on the Bill. In your case, this is the Asset account!