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Discussion List
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Newbie question: how can I go about syncing with Square to get raw sales values, prior to the 2.75% Square processing fee? As is, I only import my bank info, which includes the deposit from Square. This artificially lowers my sales figures by 2.75%, and I'm not sure how to fix this. Any advice on this?
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Hello, I deal in cash a lot with my business (yoga instructor). My students like to have receipts showing that they paid their money when they pay in cash. So I input the transaction into Square POS. Then I deposit the cash into my checking account. Well I have both square and my bank syncing with Wave so now those transactions are showing up twi…
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I set up a $$150.00 invoice. Sales tax here is 7% so it should calculate as 10.50. Wave calculates it as 10.33. This is a problem and a bad bug I can't use the invoice tool in wave for this reason. is this being fixed?flamingoSWFL 16 views 0 comments 0 points Started by flamingoSWFL March 22, 2022 5:55PM Help Center Discussion
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How to pay your employees correctly, accurately, and on time. Every time.When it comes down to it, running payroll isn't complicated; you want to pay your employees on time and pay the government the right amount every time you pay your taxes. We're here to help. We've ... Read the full story hereSystem 5.9K views 23 comments 0 points Most recent by Night_Heron March 22, 2022 5:50PMHelp Center Discussion
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I see there have been some recent updates to the reference documentation for invoice discounts (awesome!). But I noticed something months ago in the reference that still isn't specified anywhere, the 'InvoiceSource' type under the Invoice object: Is this a real Invoice property? If so, can the schema be updated to include specifications? Tha…SBenoit 11 views 2 comments 0 points Most recent by SBenoit March 22, 2022 4:17PMAPI & Integrations Technical Support
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Hi - some of my income comes in from another currency (USD vs CAD for my business currency) but I can't see any way to account for this. I've found an article that says you can set an account currency and a transaction currency but I don't see that when I edit a transaction or an account. To be clear, I'm not converting currency here; I receive s…adamcdavies 53 views 0 comments 0 points Started by adamcdavies March 21, 2022 11:48PM Wave Discussion
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Hello everyone I hope this question is not too obvious but I appreciate any help or insight. GOAL: I am trying to figure out how much tax I have collected from all my invoices in 2021. ASSUMPTION: The total amount of sales subject to tax from the sales tax report should be the same as that in the profit loss statement (either gross or net) for a…Ivan1111111111 12 views 0 comments 0 points Started by Ivan1111111111 March 21, 2022 8:42PM Accounting
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Hello Community, I hope this question is not too obvious but I've been struggling with it. RE: The amounts of "Sales Subject to Tax" and the amount in the amount in the Profit/Loss statement (sales, gross, net profit) are very different. My understanding is that these two numbers should be the same for a given period. I am trying to f…Ivan1111111111 2 views 0 comments 0 points Started by Ivan1111111111 March 21, 2022 7:59PM Accounting Technical Support
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Hi Its very nice application i am using for invoice and estimates but without out accounting of Inventory very hard to Automate business on it. I am wondering if it is coming future or not ? and whey?infotechnab 4.4K views 16 comments 4 points Most recent by cjmcqueen March 21, 2022 3:17PMAccounting Feature Ideas
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Is there anyway to have the functionality of gst included in transactions? Expenses and Income? I have not been able to add the gst component through the sales tax feature. Do I need to subscribe to enable that feature? Thank you....Romaloka 1.4K views 11 comments 0 points Most recent by HUB4LEARNERS March 21, 2022 2:58PMAccounting Technical Support
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We've reviewed the help article on How to create a transfer between two accounts (e.g., categorize a credit card payment), though we're encountering a problem. * Once we categorize the credit (in green) on May 14th there is a duplicate entry created titled Created Transfer. This is expected. * However, there is also another transaction created b…WAVEPANDA 42 views 8 comments 0 points Most recent by Mikeg March 21, 2022 2:18AMAccounting Technical Support
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Hi, I recently got an MBNA Canada MasterCard, and want to add it to my account, however it is not present in the list of selected banking institutions on wave apps. Please advise on how I can connect this card?Aerodroemme 1 view 0 comments 0 points Started by Aerodroemme March 20, 2022 2:20AM Account Settings Technical Support
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Hello, my CPA wants me to add a journal entry for debiting distributions to myself and crediting capital stock. I recently changed my business from an LLC to an S-corp. In the chart of accounts, I do not have any options for Capital Stock. I'm curious where to add Capital Stock under the Chart of Accounts so I can add this journal entry correctly.
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I just started Wave and would like to begin my accounting at January 1, 2022 for simplicity. When I connected my bank account, it imported transactions all the way back to 2020. How do I simply start from January 1st?
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Hi all, Bit of a Wave newbie here... I'm self-employed and trying to figure out how to record the money I'm setting aside for income tax. Catch.co actually withdraws a certain percentage for each transaction that I mark as income (inside their app). But I'm not sure how to categorize those outgoing transactions in Wave? I'll be paying my quarte…jakellc 12 views 1 comment 0 points Most recent by Mikeg March 19, 2022 8:49PMHelp Center Discussion
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Hello, I have a SEP IRA account with Vanguard, and I transfer $xxxx from my company's (C-Corp) funds every month to it. Right now I am categorizing it as Owner Investment / Drawing. Is it the right category? Should I also define anything under the Payroll section? Thanks in advance! Isaactzahico 894 views 12 comments 0 points Most recent by Mikeg March 19, 2022 8:45PMPayroll & Employees Technical Support
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I added a single bank account to my Wave account and it duplicated on my chart of accounts and duplicates on my balance sheet. How do I delete the duplicate? The chat feature is utterly useless.kman 11 views 0 comments 0 points Started by kman March 19, 2022 5:49PM Accounting Technical Support
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I use your receipts app on my iPhone. When it comes to manually entering the date, I'm able to choose the date from the scrolling date picker, but there is no way to commit the date I choose. If I select the date, then post the receipt, it posts without a date.scottyhuff 2 views 0 comments 0 points Started by scottyhuff March 19, 2022 2:48PM Accounting Technical Support
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Hi I have been using Receipts mobile app (iOS) to scan receipts for long time, taking advantage of the OCR capability. I am aware of the discussion in 2019 about Wave supressing the functionality and then setting it back. However, since a few months I'm unable to OCR any recepit. All needs to be entered manally, I have checked the "Capture …tonilou 17 views 0 comments 0 points Started by tonilou March 19, 2022 1:33PM Mobile Technical Support
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How do you sort the Bills in Wave based on Unpaid or Paid status? We can sort based on all other titles - Date, Bill No, Vendor, Due Date & Amount Due but just not Status.
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Some of my business-related transactions are only partially applicable to my business for tax purposes: for instance, I claim 25% of my public transport and mobile phone bills as business deductions. When I account for them, I split the transaction into 25% Relevant Account and 75% Owner's Equity. Thing is, when I split a transaction like this, I…CreatrixTiara 132 views 3 comments 0 points Most recent by CraigN March 18, 2022 4:20PMAccounting Technical Support
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Hi There is a mismatch on my balance sheet, what can be the reason for it? Total assets = 354,315.39 and Equity + Liabillity is 414,689.12 - 60,491.03 = 354,198.09 So it is showing 117.30 difference Is there a way to check why is that?Lasmanis 52 views 2 comments 0 points Most recent by Lasmanis March 18, 2022 2:39PMAccounting Feature Ideas
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Is there a way to make a new sales tax % as a default? We moved locations and the new City tax rate is different for what we need to charge customers. When I create an invoice it comes up with the previous tax rate and I have to manually click the down arrow to get the newly named current tax rate. We were at a 8.25% and now it is a 6.75% rate - w…Sevorg 12 views 0 comments 0 points Started by Sevorg March 17, 2022 9:45PM Accounting Feature Ideas
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I am looking to send invoices to clients via SMS/text rather than just email. Any help is appreciated.Cswin 22 views 2 comments 1 point Most recent by M1nternational March 17, 2022 8:59PMSales & Invoicing Technical Support
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There doesn't seem to be a way to export to .txf, which is required for import by your partner, H&R Block. Am I missing something?ARCabins 280 views 3 comments 1 point Most recent by apeachyphoto March 17, 2022 6:23PMAccounting Technical Support
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Frequently asked questions about the Wave Business Debit Card and Wave MoneyWave Money is currently in limited release. Search another help topic? The Wave Visa Business Debit Card is designed for small business owners like you! It is a new way to move and manage your mo... Read the full story hereSystem 2.1K views 32 comments 0 points Most recent by NMN March 17, 2022 4:09PMHelp Center Discussion
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Exported XLS and CSV Accounting Data dates from transactions entered in wavesapps are all messed up and showing they were added at much later dates than they actually were when I open them up in excel. Is there any way to fix this? Am I doing something wrong? Thank you very much, any helpful information is very much appreciated!lumpystump 21 views 1 comment 0 points Most recent by lumpystump March 17, 2022 12:34AMAccounting Technical Support
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In my country, we use the official foreign exchange rate to register transactions and value account balances. Is there any possibility to input these rates instead of the ones WAVE applies?Edgar 13 views 4 comments 1 point Most recent by Gareth_Owen March 16, 2022 10:23PMAccounting Feature Ideas
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I love Wave, however today I learned that my Wave Money account is unable to receive domestic wires or Fedwire. This is an epic fail. My company has started to do business with the government, which means I will not be able to use my Wave Money account for these transactions.
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Has anyone else had an issue with their invoices not being received by clients? Last month I sent several invoices using Wave - as normal - and they weren't received. As I have to give them 30 days to pay, I didn't find out until my invoices were overdue and contacted the accounts teams involved. This is pretty critical for a small business like m…tarka33 572 views 27 comments 0 points Most recent by JMillar March 16, 2022 8:26PMSales & Invoicing Technical Support
