Transfer from Cash on Hand and Electronic

Beanka

Hi I am a Photographer and I created an 2 Income Accounts : Cash on Hand and Electronic payments, now this customer pay in cash then I named the Account Cash and then I selected at the Category Photoshoot. But now I transferred the money into my bank account for a few Shoots after a week and now I want to show that this amount has been transferred to my Electronic payments without having to change those transactions ?

XY_Hashbarger

Those 2 accounts shouldn't be income accounts, they should be Asset accounts. So your first step is to make sure that that's the case, in your chart of accounts. You should have one already made for Cash on Hands, and if you haven't made one for your bank account, do it now.

You'll make an income transaction to your bank account for the amount of the deposit, and choose "Transfer from" as a category. Choose Cash on Hand when it asks for which account you're transferring from. Wave will create a matching expense to balance everything out.

If you want more details, I think there's a help center article about it.