accounting
Discussion List
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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 3.7K views 0 comments 0 points Started by Ahmad_Aitesam May 20, 2022 2:08PM Pro Network Listings
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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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Is there a way to lock past year accounts after they have been closed to prevent unauthorised changes?stephencheah 684 views 17 comments 2 points Most recent by ktm_wave May 7, 2022 5:38AMAccounting Technical Support
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I was shocked to learn that I couldn't upload a document (aka a receipt) to attach to a journal entry. Why is this different from an expense transaction? An expense transaction can be recorded as a journal entry, there's no difference from an accounting standpoint. For example, an expense report is easiest to do as a journal entry (DR various exp…dofzin 17 views 0 comments 0 points Started by dofzin April 16, 2022 6:21PM Accounting Feature Ideas
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We have a few interconnected requirements we're trying to solve in our accounting: First, we're looking for subcategories on expenses/transactions. We're a charity working with animal rescue. So, for example, rescue work is a large "over-arching" category that we need to be able to report on. But, within that rescue work we have variou…hslabbert 595 views 9 comments 2 points Most recent by Flopbot April 10, 2022 3:56AMAccounting 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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Hi! I have several issues with the receipts app on IOS. First of all, it randomly goes offline, and all receipts entered will not show up in the accounting even when the app goes back online. Then, the app is very slow and several things randomly don't work. Sometimes, it is impossible to view the photo of the receipts as they are constantly &qu…Ramy 1.8K views 17 comments 1 point Most recent by SianB March 10, 2022 2:28PMMobile Technical Support
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It is common for my clients to deposit an expense advance into my bank account... i.e. for a long-distance drive, they will advance gas, tolls, hotels, meals, etc. At the end of the job, I submit all receipts or as the clients say sell them my receipts. Considering that this isn't taxable income how would I record this advance and my expenses du…
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I am aware that the Wave Money app allows you to copy and paste the routing and account numbers. However, I have a Client that is insistent upon receiving an actual ACH form for payment. Can Wave/CFSB provide this?
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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 342 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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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 258 views 0 comments 1 point Started by jitteryfeeling February 15, 2022 1:53PM Help Center Discussion
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Hadn't logged into Wave for a while, and when I did, it was importing income deposited into my personal as income where it NEVER DID BEFORE. Now I've got $120,000 worth of income for a $25,000 business. WTF? Can anybody help? Doesn't look like much gets answered here.wildy1 89 views 1 comment 0 points Most recent by Mikeg February 12, 2022 3:45AMAccount Settings Feature Ideas
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For proper accounting purposes, are the below steps correct to create a vehicle asset and associate it with a financing loan/note? * Create a new loan account under Accounting > Chart of Accounts > Liabilities & Credit Cards > Loan and Line of Credit called "Vehicle Loan" * Create a new asset account under Accounting > C…travis88 1.2K views 5 comments 0 points Most recent by Mikeg February 6, 2022 9:56PMAccounting Technical Support
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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 36 views 0 comments 0 points Started by xvn January 27, 2022 8:20PM Account Settings Technical Support
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Our business purchases a lot of items and materials from various Amazon sellers. These transactions are always imported into Wave as Amazon.com or Amazon Marketplace. In order to categorize these transactions, I have to login to Amazon and then try to match them with the purchase based on price. I've noticed a few other applications lately that h…poseykw16 62 views 0 comments 0 points Started by poseykw16 January 24, 2022 3:52AM API & Integrations Feature Ideas
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We help businesses make sure their financial books are up to date so that they can make sound business decisions based on their financials, as well as tax planning, preparation and business advisory. We have over 25 years of experience in the field. Contact us if you are looking for a new Bookkeeping and Tax Solutions firm.Mountain_Bookkeeping 55 views 0 comments 0 points Started by Mountain_Bookkeeping January 21, 2022 8:37PM Pro Network Listings
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how can I record 2019 k-1 ordinary business income (about 50K) that has not been disbursed in 2020 accounting? I plan to disburse this money in 2021. The company is a single partner LLC operating as an S corp.alphacentauri98 52 views 2 comments 0 points Most recent by DTurner January 15, 2022 10:07PMAccounting Technical Support
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Multiple folks are reporting that their new JP Morgan credit card is showing charges as income instead of expenses. This is only affecting NEW cards - existing cards are unaffected. Please see additional folks reporting on this older thread: https://community.waveapps.com/discussion/comment/49139#Comment_49139ng232 47 views 2 comments 1 point Most recent by AceVMP January 13, 2022 5:18PMAccounting Technical Support
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There was a bug causing issues with our automatic account feeds and we had to completely delete and re-add them. Unfortunately, there are 4 transactions it will not allow me to delete and re-add- 2 Invoice payments (CC Payments) and two cc fees from 2017 and 2019. Can you please explain why it will not allow me to delete and re-add these so I can …Jeana 11 views 1 comment 0 points Most recent by Jeana January 13, 2022 4:39PMSales & Invoicing Technical Support
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How do I account for a transaction in which I am refunding the client for a service we performed for them? “Refund for Services” is in the income category, so that doesn’t make sense for this situation.Onna 21 views 0 comments 0 points Started by Onna January 5, 2022 9:28PM Accounting Technical Support
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Hi 👋 We deliver expert, personalized bookkeeping and taxes for solopreneurs and small businesses. We use both Quickbooks and Wave, and we are CPA-qualified. That means we can advise and do your taxes, which will help save you money. As a small business ourselves, we focus heavily on our customers and eliminate their bookkeeping and tax headache…Sara_at_A4E 43 views 1 comment 0 points Most recent by Home_Services1 January 5, 2022 2:58AMPro Network Listings
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Will try to simplify this as much as possible. Note that we just started using Wave accounting this week for this 2021 year. We have less than 20 txns basically. . . We'd like Owner's Equity (I assume) to show as even for both of us. However, only counting txns in 2021 shows that I would have more Equity, right. (note that I'm new to this and…Chetnet 17 views 3 comments 0 points Most recent by Mikeg December 30, 2021 8:12PMAccounting Technical Support
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Hi, Can i opt out of auto-merge transactions? It auto-merges an invoice with a deposit before the deposit has been categorized. Now the account which I would manually have categorized that deposit into does not have that transaction so when I generate a report for it I see a balance that is incorrect Now I have to go back and unmerge all these aut…countyline 41 views 1 comment 0 points Most recent by Eyeteaguy December 13, 2021 12:55PMWave Features
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When I use Journal Entry I can Write Notes for every transactions entry, (Multiple Debit and Credit Entry), But When I Split the Income or Expense Entry I cannot write notes for every split entry, only one not is allowed, but it is sometime required to write notes on every entry, otherwise I I have to look for the vouchers every time I need any c…
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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 106 views 0 comments 0 points Started by ihamid November 23, 2021 11:43AM Accounting Technical Support
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Hi, anyone has an Idea how to I get for example a detailed sales report with all the transactions with a tax column? What I am looking for Report - Account Transaccount: Sales [DATE] [DESCRIPTION] [DEBIT] [CREDIT] [TAX A]...[TAX N] [BALANCE]chinhouswee 26 views 0 comments 0 points Started by chinhouswee November 22, 2021 4:43PM Accounting Feature Ideas
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Hi there, how can I change address in mobile app? Every time when I try I have error message. In laptop is address correct. Thank you.didocool76 1 view 0 comments 0 points Started by didocool76 November 7, 2021 11:23AM Help Center Discussion
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What is the best way to track a seed investment made by my small business (i.e. cost basis) in another business/startup? In this case it's a convertible note, so I don't need to really track the value over time. I just want to document that let's say we invested $20,000 on August 1 and another $10,000 on October 1. That way if we need to write it…rwcgh 11 views 2 comments 0 points Most recent by rwcgh November 6, 2021 9:43PMAccounting Technical Support
