accounting_help
Discussion List
-
I recently sold my business vehicle and paid off the business loan with the proceeds. Previously, I had created a journal entry for a long-term asset for the vehicle and an account for the business loan under long-term liabilities. The vehicle was not fully depreciated. How should I categorized the revenue from the sale and the pay-off of the l…chanyockert 2.1K views 1 comment 0 points Most recent by Mikeg December 24, 2019 12:20AMAccounting Technical Support
-
I have a small business bank called Small Business Bank and I cannot get Wave to find it or reconcile statements even after I upload .csv files I would love someone to talk me through this over the phone. Feeling stuck and need to get an invoice out. Im very new to WaveMaxAnderson 71 views 1 comment 0 points Most recent by Mikeg December 12, 2019 1:19AMAccount Settings Technical Support
-
When we input multiple invoice payment through transaction=>add income, the invoices gets updated but the cash flow does not update accordingly, and if I make any edit from the transaction the invoice I edited is updated but other invoices in the same transaction is getting a second entry, and all the other invoice is showing paid double or tri…Cetustone 134 views 4 comments 0 points Most recent by Cetustone December 3, 2019 5:10PMAccounting Technical Support
-
Would anyone know why my debit transactions would show in the credit column and vise versa after uploading my bank statements? I went to reconcile, one month reconciled, but the transactions were in the wrong column. Is there any way to address this? I even tried to edit the transactions, but in the edit box they are showing up correctly as a Depo…Pamela 111 views 6 comments 0 points Most recent by AlexL November 25, 2019 5:12PMAccounting Technical Support
-
Hi all, longtime user first time caller. I currently am starting a hospitality business (motel) and I'm trying to update a balance sheet to include the value of the real estate and the liability of the loan and am having trouble creating the right accounts to accuately represent in the reports. Any suggestions on how best to handle? Thank you in a…
-
Athar Accounting is your success partner. Beside providing accounting and consulting services we aim to be your success partner by providing you with valuable suggestions supported by detailed reports and projections. Call us to know more about our accounting and consultancy services. Tel: +97339952500 email: ali@atharacs.com Manama - Kingdom of…Athar_Accounting 61 views 0 comments 0 points Started by Athar_Accounting November 1, 2019 1:17PM Pro Network Listings
-
In balance sheet in reports, I see non recoverable tax showing as negative liability for a purchase where in actual it is non recoverable thus shall not show up as credit in liability.shivatraders 21 views 3 comments 0 points Most recent by shivatraders October 8, 2019 8:45PMAccounting Technical Support
-
I started using this app in June'2019 and in initial days i was just playing around and understanding. Initially my new company company bank accounts were being setup so entered the amounts to cash in hand account instead of my bank account. one of the entery of $39 was marked as reconciled on June 30th but later i moved all entries of Cash in han…shivatraders 21 views 2 comments 0 points Most recent by shivatraders October 4, 2019 4:53AMAccounting Technical Support
-
Hi All, Thanks Wave for working on great app like this, I understand you are trying to make it better everyday but i want to point out my main issue here. I have a small trading business and i want inventory tools. Lets say i buy product A at $10-10 qtty and sell for $12 -5 qtty. Now system shall tell me product wise how much profit i earned onl…shivatraders 41 views 1 comment 0 points Most recent by AlexL September 30, 2019 6:27PMAccounting Feature Ideas
-
Throughout the year, I have been creating invoices for a customer. He paid each time. At the beginning of the following year, he sends me a 1099 MISC. I believe on a Schedule C I have to report the 1099 received but do I have to remove the income from this customer in wave apps for reporting purposes? I’m a little confused. Please provide clarity.…mrv717 31 views 3 comments 0 points Most recent by Mikeg September 20, 2019 8:22PMSales & Invoicing Technical Support
-
Hello, I am a professional full time accountant that does bookkeeping/consulting on the side. I work remotely, but am based in sunny Sarasota FL. You will have my personal phone number to call or text with questions. This is done on the side so I charge much lower than a CPA or full time bookkeeper. I am also available during the evenings and week…troympapa 71 views 0 comments 0 points Started by troympapa September 16, 2019 4:57PM Pro Network Listings
-
Hello, I have committed an accounting sin of electronically receiving business income into my personal checking. It was easier for the client as electronic transfer of funds was a hassle into my business account. I did diligently electronically transfer all of these income funds to my business checking. Now I am left to sort out the Wave accoun…FLDave 141 views 4 comments 0 points Most recent by FLDave September 14, 2019 8:35AMAccounting Technical Support
-
We FinancialsBook.com offer Accounting, Bookkeeping, Tax & Financials Reporting related services within very economical budget. Our clientele have diversity of wide businesses and range from startup & SME to corporate companies. Our motto is to provide accurate and robust services to client for an effective decision making.adminfb 41 views 2 comments 0 points Most recent by adminfb September 7, 2019 6:11AMPro Network Listings
-
So, 7 August 2019 was the deadline for filing the first MTD VAT returns for those businesses that were UK VAT registered with taxable turnover above the UK VAT registration threshold. How many of you had to file under MTD? Did you use Wave's VAT100 report and then link this to suitable bridging software? What did you use and how did you get on? …MerlinAccounts_UK 122 views 0 comments 0 points Started by MerlinAccounts_UK September 3, 2019 12:38PM Accounting Technical Support
-
As if you hadn't already noticed, the first VAT quarter end that is subject to the new MTD for VAT regulations is due for filing by no later than next Wednesday (7 August). If you haven't already done so make sure you are signed up for filing under MTD now as it can take 72 hours before you'll be able to file. If you are going to be late with th…MerlinAccounts_UK 81 views 0 comments 0 points Most recent by MerlinAccounts_UK August 3, 2019 12:02PMAccounting Technical Support
-
I am trying to import old bank transactions into the wave system i downloaded them as both CSV and QFX file types but when i try to import them it tells me "something went wrong with your file upload. Try confirming that the file type is an accepted file type." I've tried several times and several of the files types but it still keeps gi…
-
How many of you have decided to stay with Wave despite the severing of the bank connections (from September) and the decision not to support MTD for income tax when (if) it comes into effect in 2021? Whist ever there are UK users of Wave we're more than happy to provide support to those users in processing their accounts and vat returns, as well …MerlinAccounts_UK 51 views 0 comments 0 points Most recent by MerlinAccounts_UK July 29, 2019 9:42AMPro Network Listings
-
I created a nickname (via my bank website) for my main deposit account and now I am seeing them as two “separate” accounts, or rather the same account, one with the original name and one with the new nickname. How do I tell my system that it is one and the same? Or even better, delete it? Bear with me, I’m new to accounting rules. Thank you!!Creeksideautotag 21 views 3 comments 0 points Most recent by Barsin July 22, 2019 8:12PMAccounting Technical Support
-
Hi all, I have been recording my expenses in wave apps using cash on hand before I made any deposits into a bank account. So, I have been running a negative balance for a few months. I have recently made a deposit into a bank account and would like to withdraw money from the business account back to my personal account covering the expenses I ha…billtlee 131 views 7 comments 0 points Most recent by JordanD July 9, 2019 9:08PMAccounting Technical Support
-
My name is Noman Fayyaz ( Accounting & Tax Financial Services ). I am an EA and MS in Accountancy with over 10 years of experience in taxes and accounting. I am located in NJ but have clients from coast to coast. Through the cloud, I can assist you with accounting, payroll, business formation, and various tax filings such as federal, state, lo…NFayyaz 41 views 0 comments 0 points Most recent by NFayyaz July 6, 2019 10:35PMPro Network Listings
-
I specialize in helping small to mid-sized businesses with many professional services including but not limited to the following: - Tax - Accounting - Bookkeeping - Financial Coaching - Other Consulting Opportunties My game plan is to take a wholistic approach, and evaluate your business to see where I can save you time, money, and he…lallen52 51 views 2 comments 0 points Most recent by lallen52 July 6, 2019 10:04PMPro Network Listings
-
Hi all, I'm looking at my Profit & Loss statement and I'm seeing that Wave is recording: Payroll Gross Pay + Payroll Employer Taxes + Payroll Salary & Wages as operating expenses. This means it shows the payroll amounts twice as an expense and this expense is duplicate. When I look at Payroll Gross Pay, it shows in the books as Journal…peng_o 1.1K views 5 comments 0 points Most recent by Mikeg June 19, 2019 8:05PMAccounting Technical Support
-
So Wave have announced they're pretty much back stepping from UK & EU customers - all bank links to be terminated from September for users with UK/EU based banks, and a clear decision too to abandon all hope of MTD for Income Tax compliance (potentially to come into effect in April 2021). Where does it leave you, the UK user then? Well, the …MerlinAccounts_UK 82 views 0 comments 0 points Most recent by MerlinAccounts_UK June 18, 2019 2:27PMAccounting Technical Support
-
Hi I have a 2 part question, 1. Since Wave accounting does not close accounts, and use accounts like income summary, how do we properly update Owners Equity? Without making the December Profit and Loss account wrong, which happens if you use closing accounts? 2. A separate issue, how do we categorizes Interest Expense? Since it is not an operatin…ddme 201 views 3 comments 0 points Most recent by Kimpton June 11, 2019 7:22PMAccounting Technical Support
-
Hello,I am a professional full time accountant that does bookkeeping/consulting on the side. I work remotely, but am based in sunny Sarasota FL. You will have my personal phone number to call or text with questions. This is done on the side so I charge much lower than a CPA or full time bookkeeper. I am also available during the evenings and wee…troympapa 161 views 8 comments 2 points Most recent by HuskyLogic June 9, 2019 7:07PMPro Network Listings
-
Getting Error trying to save add end of month balance totals in Wave, driving me mad.. any ideas please? EDIT: I can only update certain months, others throw the error
-
Hi guys! Does anyone know an Estonian accountant using WaveApp? Thanks for the recommendations.
-
Hi there! I have operated a very small business since 2015 and I have never kept track of things like: inventory, assets, liabilities. My transactions have been extremely minimal, though I do have inventory and I have filed taxes and kept bad records. I want to start a fresh set of books from 2018 onwards, but I am lost as to how I account for th…KathleenEmilyAnne 21 views 1 comment 0 points Most recent by Mikeg June 3, 2019 1:09PMAccounting Technical Support
-
Hi all. I am a new consultant that just incorporated and I recently started a contract with a client. I am new to being a business owner and know nothing about accounting. I'd like to list off what I'm going to be doing and I hope someone can tell me if Wave can take care of these items. 1) I know that Wave can connect to my Business Bank Accou…
-
Small business based in London looking for accounting services familiar with Wave. Would like help with HMRC filings, VAT (if applicable), and PAYE (for 1 employee).
