starting use of wave
meyers
Member Posts: 1
I need to enter initial balances for bank and loans without double entry since it messes up all my entries, is that possible?
0
meyers
Member Posts: 1
I need to enter initial balances for bank and loans without double entry since it messes up all my entries, is that possible?
Comments
Hey there @meyers
Wave's system uses double entry accounting. Typically this is required in order to show funds being moved around your account. I wonder if you can account for a loan using journal transactions only.
Hope this answers your question.