accounting_help
Discussion List
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My bank account is clearly connected because the dashboard has the correct balance. however, when I go to look at the Transactions in the Accounting folder, the transactions have not been updated since May 12! And the amount from the dropdown at the top of the screen under All Accounts has the May 12th balance! Why aren't my transactions up…AccountingBaby 30 views 0 comments 0 points Started by AccountingBaby June 1, 2022 10:25AM Help Center Discussion
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Is there a way to attach a photo to the invoice? I have an art gallery and would like to attach in the description a picture of each artwork. Thank youAzel 864 views 8 comments 2 points Most recent by Apex_Gutters May 22, 2022 5:26PMSales & Invoicing Feature Ideas
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on a sale of $150 taxable at 7%, wave calculates the sales tax as $10.33, It SHOULD be $10.50. This is an issue. I certainly can't use invoicing if the sales tax will be under calculated. Is this being looked at?flamingoSWFL 24 views 1 comment 0 points Most recent by Marshajove May 21, 2022 8:09PMTechnical Support
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Hey, I hope you’ll are doing good. I have been working as a Financial consultant and Bookkeeper for about 6 years now. I have my expertise in developing financial models, projects and budgets. I have been using Wave for Bookkeeping and have used it for everything for vendor payments, receiving payments and Payroll. Wave is my goto software…Ahmad_Aitesam 3.3K views 0 comments 0 points Started by Ahmad_Aitesam May 20, 2022 2:08PM Pro Network Listings
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I'm not sure if this is possible in Wave ... my accountant told me to put the incoming and outgoing funds into the same account for a certain scenario. I was searching for a way to create an account that is an income account, but that I can categorize outgoing funds also, but I can't do that .... can someone point me into the right direction on t…
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Very Small business needs CPA-signed statements. The business will grow towards 2nd half of 2022. Very few transactions as of now, but needs to be done by a CPA… Send me a message.GennieMac 26 views 0 comments 0 points Started by GennieMac May 14, 2022 10:33AM Pro Network Listings
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I have a single member LLC that 100% owns other single member LLCs. Each subsidiary is in a different business. If Subsidiary 1 (Sub1) has income that I want to use in Subsidiary 2 (Sub2) I transfer the money from Sub1 to the Holding Company (HC) and then to Sub2. How do I account for such transactions? Also, do I need to set up each subsidiary wi…
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Hello, I keep trying to reconcile September 2021 and the statement balance is correct and all transactions are there, but it keeps telling me there is a difference of $72.60. I have tried looking at October 2021 to see if there was an error there, but again everything was correct and matched the bank statement. Anytime I click anything it says tha…onpointfloorsut 12 views 0 comments 0 points Started by onpointfloorsut April 4, 2022 8:13PM Technical Support
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Hello, my Accounts Receivable is actually negative for a reason I cannot understand. Is there a way to fix this? Thank you
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I deleted an invoice, but the amount still shows on the P&L. When I click on the income account for the details, there is no activity. There is absolutely no transactions/journal entries for this income account, but it still shows on the P&L. Any suggestions to help correct this?MichelleAR 311 views 14 comments 0 points Most recent by Linfamy February 27, 2022 10:15PMAccounting Technical Support
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Hi, My corporation has taxes due soon, with the proper amount currently in the Taxes Payable liability account. However, I need to pay the taxes, then record it a non-operating expense, since income taxes in Canada are not considered an operating expense (expense that affects the Income Statement (or P&L)). Is there any way to record this tra…
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I offer event management and one of the events I'm organizing is a fundraiser where all proceeds go to specific scholarship funds. I need to pay for the setup and execution of the event and I collect funds through ticket and sponsorship sales. I created an Expense account for the event 'Fundraiser expenses' as well as an Income account 'Fundraise…Myriam 21 views 0 comments 0 points Started by Myriam February 17, 2022 1:51AM Help Center Discussion
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How should I go about recording my transactions for Venmo Business (in which charges a fee), especially once transferring the income from Venmo to my banking account. My invoices on Wave is the amount prior to the fee charged by Venmo (ex: Invoice lists $500, payment received will be $490.40). When I mark this as paid on the invoice, it automatica…jitteryfeeling 202 views 0 comments 1 point Started by jitteryfeeling February 15, 2022 1:53PM Help Center Discussion
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I have tried to split deposits into various income accounts with no success. For example A deposit of say !00 needs to be categorized to say 75 Sales 25 Other income. I have no trouble splitting expense transactions but something is wrong with the income split,Dennis_Befus46 11 views 0 comments 0 points Started by Dennis_Befus46 January 28, 2022 5:36AM Wave Discussion
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This announcement in the news letter email I received today: Coming soon: Automatic categorization of transactionsYou want Wave to automate repetitive tasks, but you also want control over your bookkeeping. We hear you!We’re planning to roll out a new feature that will notify you about automatically categorized transactions so you can review them…xvn 1 view 0 comments 0 points Started by xvn January 27, 2022 8:20PM Account Settings Technical Support
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Any of the following thoughts ever crossed your mind? I’m worried about the end of the year How can I keep track of receipts?* I hate reconciling my accounts* I am so far behind in my bookkeeping* My books are a mess and I don’t know how to fix them* I’m not sure how much I have spent on…. Have Peace of Mind! My name is Vania, I am InSync's busi…InSyncBookkeeping_1 41 views 0 comments 0 points Started by InSyncBookkeeping_1 December 13, 2021 2:59PM Pro Network Listings
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I have received a bill for my vehicle repair but I have not paid it yet. How to record such expenses where the payment has to be made on a future date?ihamid 41 views 0 comments 0 points Started by ihamid November 23, 2021 11:43AM Accounting Technical Support
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Lenders and other often ask for monthly bank statements. This should be added to Wave Money.
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Hi there. I'm new to Wave. I provide legal services to clients (am an attorney), and often need to submit filing fees to government offices, for which I bill the client. How do I accurately record these payments on invoices, so they don't show up as payments to me?MNE 151 views 6 comments 0 points Most recent by MNE November 11, 2021 4:19PMSales & Invoicing Feature Ideas
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Hi folks, I'm hoping you might be able to help me resolve a minor, but very frustrating, accounting snafu caused by Amazon. I have an Amazon Business Prime Amex, and attempted to use accumulated points to pay in full for a personal purchase from Amazon.com. This should have netted out to zero. To cut a long and extraordinarily aggravating story…jayjay16 1 view 0 comments 0 points Started by jayjay16 November 11, 2021 2:38AM Accounting Technical Support
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I would like to know how to record a chargeback as a business expense in order to write it off. I didn't use a wave invoice for the service I got the chargeback from.diegol 31 views 3 comments 0 points Most recent by Mikeg November 7, 2021 1:55AMAccounting Technical Support
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As we all know, Wave no longer works with BMO. Their error message says we need to contact our bank. I did so and got this reply: "I wish to advise that BMO currently has no partnership with Wave. As a result, while it is possible that changes to our security protocols has impacted the ability of this software to connect to our services, we …UserNameisTaken 81 views 5 comments 0 points Most recent by StrugglingIC October 26, 2021 2:34AMBank Connections
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Not sure if there is a bug or they changed the system. I am no longer able to mark payments made directly to me by my clients as Owner Investment/Drawing when selecting the account for paid invoices. Can anyone check this?CharlysAngels 11 views 1 comment 0 points Most recent by HelpIfICan October 18, 2021 7:28AMAccounting Technical Support
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Hi, I've been using Wave for nearly a decade and have not run into many issues. I have my business bank account connected to my account and transactions are automatically imported. Over the last month and a half, I have had over 20 unexplained transactions that all say UNREPORTED_DETAIL_TEXT. These transactions are not on my bank statement and…5KeysYoga 31 views 0 comments 0 points Started by 5KeysYoga October 13, 2021 7:55PM Help Center Discussion
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Hi Everyone! I don't know why it's happening when I check my Tax Account Transaction on cash base (Paid) it's showing 195.90 total payable and when I open Accrual Base (paid + Unpaid) it's showing 23.02. it's incorrect. Can anybody explain? Because as per my understanding accrual should show all those expenses in Cash base also. ThanksShuaibAhmed 11 views 0 comments 0 points Started by ShuaibAhmed October 4, 2021 9:23PM Technical Support
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Dmar Consulting LLC is an accounting, tax and consulting firm located in Barrington, Il. We specialize in assisting small businesses with day-to-day operations relating to accounting/finance. We work with various industries to include health care, landscaping, medical practices, dog grooming, supermarkets, manufacturing (food, cosmetics, hair …Dmarconsultingllc 21 views 0 comments 0 points Started by Dmarconsultingllc October 3, 2021 3:18PM Pro Network Listings
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I have a question regarding how to categorize my income tax payments I make each year in wave, but specifically due to the fact that my income tax gets paid immediately. When my tax professional informs me of my tax owed, it is paid at that very moment. Therefore, my tax payments cannot even be considered a long term or short term liability. How t…
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Hey Guys, Is there a way to show an outstanding balance on the next Invoice I send the customer; and if not, what would be the best way to work around this? Example: I have a customer who only paid $450 towards a $500 invoice. On the next Invoice I want to display a "Balance Carried Over/Outstanding Balance" for $50 so that they pay wh…AsheAUS 212 views 4 comments 3 points Most recent by Cooliotto September 7, 2021 10:31PMSales & Invoicing Technical Support
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How do I setup a transaction in my ledger to show a refund for a purchase that has been placed onto a gift card. This is not something that would show on my bank statement since the refund went directly to a gift card. I created a journal entry (see journal entry). Would this be an accurate way to show the transaction?
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Hello, my name is Christopher Massey. I have 10+ years accounting, bookkeeping, and finance experience. I am available in Central New York (Syracuse Area) in person, but would be capable of providing remote bookkeeping services as well. I'll help you set up your Wave Business Portfolio and provide ongoing support in the form of bookkeeping service…cdmassey987 11 views 0 comments 0 points Started by cdmassey987 September 2, 2021 2:42PM Pro Network Listings
