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Discussion List
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In the past, when I would categorize transactions, after settingg the category for a transaction the system would automatically give me a list of identical (monthly) transactions that have been made recently and give me the option to set the same category for all those transactions. It would also allow me to mark all of those transactions as revie…RichToyMedia 11 views 1 comment 0 points Most recent by JulianP April 26, 2021 8:41PMHelp Center Discussion
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Hi there, I am looking for help in adjusting our Sales Tax account in Wave. We switched from Quickbooks at the end of 2020, and started calculating GST on our purchases and sales. How can I adjust my current Sales Tax account to reflect the information prior to the switch? Thank youVitality_Collective1 41 views 1 comment 0 points Most recent by JulianP April 26, 2021 8:20PMFind a Wave Pro
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I took a draw from my S-Corp SMLLC and my balance sheet "owners contribution" equity amount is negative. Is this a poor way to account for owners draw? Total equity which includes "Retained Earnings" is positive overall. Its just "owners contribution" that is negative.dontworryaboutit 331 views 3 comments 0 points Most recent by JulianP April 26, 2021 7:41PMAccounting Technical Support
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Does Wave have a timeline on when the full data migration to ZoHo Books will be available?
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Hi I just noticed that the last time my accounts were updated was about 4 weeks ago in Wave. I also don't see the balance any longer like I used to on the dashboard. Where is that balance now located and how can I force Wave to update my account? THANKS!
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Hi, I have a liability account "Cleaner Owings" that I'd like to use to track what I owe to cleaners in my cleaning business. When the report below is set to "All Contacts" everything shows correctly. However when I switch to filter for just one vendor "Jesy", it doesn't show the Feb 20th transaction where that …
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Hello, I am new to wave, and was just setting up my business information for invoicing and I see that the province / state list for Pakistan is very outdated. It is however also mandatory and shows up on my invoice too. For example I am in Khyber Pakhtunkhwa which was renamed from North-West Frontier more than a decade ago. The list still has the …uzairktk 11 views 1 comment 0 points Most recent by AlexL April 26, 2021 1:30PMAccount Settings Technical Support
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Until recently (the last month or so) automatic matching of bank transfers as described in Transfers Transformed has always worked for me when both sides of the transfer are imported. Recently this has changed and now despite both sides of the transfer being imported they will not detect each other and I have to manually select the account which r…rob6179 421 views 16 comments 2 points Most recent by KPeake April 25, 2021 6:33PMSales & Invoicing Technical Support
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Hi There. I'm new to doing my own accounting and I need some direction. I automatically set my bank statements and my credit card statements to import into waveapps and it worked great. I had to manually enter older statements which I already did but I'm having one issue. I don't know how/what to classify my AX payments from my bank account. …Bicoastal 261 views 5 comments 0 points Most recent by zigi April 25, 2021 5:02PMAccounting Technical Support
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If I made some revenue and I want to start allocating a % of that to a taxes account. What's the best way to do the journal entries to build up the savings so I can pay them quarterly?Cameron 62 views 1 comment 0 points Most recent by Gabriel_Krozkin April 24, 2021 5:30PMWave Discussion
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Hello, we apply both GST (5%) and PST (7%) for services provided on our invoices. We have several line items billed at half hour and when both taxes are applied, it would auto-calculate the taxes amount for that line items. The total taxes amount for all line items are off by several cents, which I assume is caused by lack of decimal places intern…Devin 265 views 5 comments 0 points Most recent by Gabriel_Krozkin April 24, 2021 5:10PMHelp Center Discussion
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Greetings, I wish to get information why these figures on the Transaction page shows NEGATIVE at the top left of the page. Am I doing anything wrong because the figures are inserted as per the transaction (income and expenditure) Regards Regardsbayangiman 1 view 1 comment 0 points Most recent by NancyC April 23, 2021 8:06PMAccounting Feature Ideas
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I'm starting a farm/homestead and would like to keep my books with Wave. I understand it doesn't track projects...that's fine. My question is, what business type should I use when setting up and how does it know how to handle the tax side of things? For instance, Quicken and QuickBooks have you "map" the tax line for each category you se…CyrenaJo 111 views 1 comment 0 points Most recent by CyrenaJo April 23, 2021 7:11PMAccount Settings Technical Support
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I'm doing my taxes and I need to know how much GST I paid in my expenses over the year. I know the data is in there because I inputted it manually for each expense when entered it into Wave. I can easily produce a report to show TOTAL dollar amount spent for each expense category, but I can't find any way to show how much GST is included in that …lzr9000 21 views 1 comment 0 points Most recent by AlexL April 23, 2021 1:51PMAccounting Feature Ideas
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If I issue a bank transfer refund: 1) Do I still pay the 1% original fee? 2) Am I charged another additional 1% in fees to refund this way?ARCEJon 14 views 1 comment 0 points Most recent by AlexL April 23, 2021 1:36PMSales & Invoicing Technical Support
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My payroll to the entire worldwide support team for COVID testing is now being held up or missing due to a company called DecisionLogic. I received a random request to enter my bank information and password. I cannot have 2 factor authentication since Wave will not import transactions from Wells Fargo with 2FA. So, I have an open account to any…chr_bailey 11 views 2 comments 0 points Most recent by AlexL April 23, 2021 1:30PMPayroll & Employees Technical Support
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hi does anyone have any advice on rounding tax. because wave does the tax on a line by line basis sometimes my invoices are over or under by 0.01 cent. wave help community suggest this potential workaround. "add/discount a new invoice item for $0.01 to charge the right amount and mark it as an adjustment entry for the time being" th…Ceelabb 11 views 1 comment 0 points Most recent by KiahD April 22, 2021 8:34PMSales & Invoicing Technical Support
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[US] COVID-19: How to bookkeep your PPP loanIf you’ve received a Payroll Protection Program loan (PPP), here’s how to bookkeep it, from start to finish. The PPP is a loan program offered through the Small Business Administration which is up ... Read the full story hereSystem 7.5K views 17 comments 0 points Most recent by KiahD April 22, 2021 8:23PMHelp Center Discussion
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Since the update to the transactions pages, when I categorize a transaction it's no longer finding and asking if I want to categorize the other transactions with similar descriptions with the same category. For example, I have multiple Google *Services charges. It used to be when I'd select the expense category it would bring up all the Google *S…
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please tell me there is a solution for this. when i create an invoice everything is itemised. sales + orders tax shipping. everything is split which is fine. when i record the payment it creates a transaction of all this figures combined. which i then have to split. this is taking me on average 35 clicks to split one transaction up. with hu…
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Pay your employeesYou're all set up! Running your payroll is just a button away. Here's how. Before you run your first payroll, please ensure you've completed the previous steps: Added your employee(s) Completed y... Read the full story hereSystem 1.7K views 13 comments 0 points Most recent by mschristine65 April 22, 2021 6:48PMHelp Center Discussion
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During the pandemic, I used short-term payday advance services such as Dave, which resulted in about a dozen credits and debits. How do I property account for these transactions?NMN 11 views 3 comments 0 points Most recent by AlexL April 22, 2021 1:59PMAccounting Technical Support
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I imported my customers using the CSV template I downloaded from the WAVEAPP site. It is missing a column for state, so I assumed WAVE would translate the state based on the zip code. However, it did not. Now I have to go edit every customer I imported an add the state. Is there a mistake in the template?Scott_L 1 view 1 comment 0 points Most recent by AlexL April 22, 2021 1:50PMSales & Invoicing Technical Support
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When someone pays by check, it's recorded manually. In transactions, it shows as "payment for invoice." When I make a mobile deposit with the check (upload a picture of the check and amount to the bank app), it creates another transaction, which is a duplicate. I don't think I should delete it bc it's on my bank statement. How should th…Oldtime 51 views 5 comments 0 points Most recent by tsmith April 21, 2021 9:21PMAccounting Technical Support
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Hi, I am new :) am looking to understand how to start a bulk change for customers when I am in the "Transactions" page. These said customers give donations not payment, so I have no reason to create invoices for them. This is for a church. Can someone please give me direction? Thanks!Raiz 1 view 1 comment 0 points Most recent by JulianP April 21, 2021 8:38PMAccounting Technical Support
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I use Wave for a state-side business and love it. I live in the US Virgin Islands, a US territory, and am setting up an LLC here for island based consulting. VI is not in the list of states for adding an address. Is there any reason I can't use Wave in a US territory? I would also need to take payments using Wave, but I don't think there is an…
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I'm looking to properly categorize the tax credit advance that I received from Mainstreet. Any ideas how to proceed?
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I had to set up a loan with Snap Financing. Where loans generally get paid to a bank account, the snap loan went directly to the mechanic so none of the explanations cover this. They all direct you to set up the loan using my bank account as the recipient of the money, but this is not the case. I never actually saw the money. The only "record…GenuineDickies99 21 views 1 comment 0 points Most recent by JulianP April 21, 2021 7:30PMAccounting Technical Support
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Provide your business's ownership informationTo comply with the FinCEN mandate for customer due diligence, beginning May 11, 2018, when you’re getting started with Payments by Wave, we are required to obtain information about every person wit... Read the full story hereSystem 6.1K views 47 comments 0 points Most recent by AlexL April 21, 2021 3:17PMHelp Center Discussion
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Hello, I'm quite new here and searched through the forum but couldn't find the answers. I'm an amazon canada seller but US based company, so my default currency is USD. I'm trying to record my amazon sales by creating journal entries because there are fees, net sales etc. But when I enter these numbers as in CAD (because the money goes to a CA…Senay 11 views 1 comment 0 points Most recent by AlexL April 21, 2021 1:19PMAccounting Technical Support
