accounting
Discussion List
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Non-recoverable Sales Tax (PST) is acting like a recoverable sales tax, but only for Asset PurchasesHi there, I live in BC where we have both two sales taxes: GST (recoverable) and PST (non-recoverable). When I record an EXPENSE using Wave (see my Shopify transaction), you can see only GST is marked as recoverable, even though I accounted for both taxes in my entry. For expenses, my sales taxes are behaving as expected. However, when I re…youngstreet 661 views 8 comments 1 point Most recent by AlexL May 27, 2020 2:27PMAccounting Technical Support
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How do i categorize money withdrawn from business to pay shareholders
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As the founder of High Occupancy Properties, I have been learning from my experiences in the Dominican Republic ever since I first arrived in April 2015. With a background in finance and newly obtained local knowledge, High Occupancy Properties has increased revenue 240 percent and grown the business to 7 vacation properties throughout the country…HighOccupancyP 31 views 0 comments 0 points Started by HighOccupancyP May 26, 2020 5:59PM Pro Network Listings
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My partner and I split the cost of a new rake for our farm. How do I split the accounts to show half came from my owner investment account and half came form his?
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Hey Admin team of Wave, We are using Wave for last 2 year. And providing booking, accountancy services through the wave to our 2 clients. We are happy to Wave as an Accountant and Financial Manager. I wonder that how can we get Proadvisro Bookkeeping and Accountant Certification or Badge? Our company website is Oak Business Consultant. www.oa…SadafAbabs_1 81 views 1 comment 0 points Most recent by JordanD May 11, 2020 4:10PMPro Network Listings
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As a small seasonal business owner, I need payroll to be flexible, robust, and ready on the go. That means changing payroll frequency, starting and stopping payroll as needed. And of course has to be simple with no waiting in a queue or going through a prolonged set up. It seems like the current industry payroll model is established by ADP, but…
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Hello! I'm slightly confused in regards to tax payments and hoping someone can clarify for me!!! I am a sole proprietor where I elect to file my taxes as an S-Corp. I pay myself as an employee through Wave Accounting. It is to my understanding that Wave handles all of the tax payments, however, my accountant that files my annual tax return gave …Evolution_Mktg_2016 1.4K views 2 comments 0 points Most recent by Mikeg April 30, 2020 5:00PMPayroll & Employees Technical Support
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When money short in the checking account my bank pull money from saving account or credit card account and deposit. Which category do I need to account in checking account?Sri 21 views 3 comments 0 points Most recent by EmmaP April 28, 2020 7:57PMAccounting Technical Support
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Greetings, I issued my customer a CAD invoice with CAD sales taxes but they paid with a USD check. The USD check was deposited in my USD checking account. After clearing, I purchased the CAD amount and made a little over $21 due to the exchange rate. How can I record the deposit but also apply it to the invoice with correct amount reporting ever…accuritts 41 views 5 comments 0 points Most recent by NicoletteB April 28, 2020 7:30PMAccounting Technical Support
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Ever since the switchover to the "new and improved" bank sync vendor, none of my transactions have any information beyond a transaction number when I look at . The old vendor at least provided enough detail that I could identify what a transaction was. I now have to laboriously go back to my bank statement and/or the original transactio…christopherdawes 41 views 1 comment 0 points Most recent by ConnorM April 17, 2020 9:33PMAccounting Feature Ideas
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I just received email from Wave talking about upcoming new features for transactions. The most important feature for me would be something designed to properly record subscription revenue. Right now when I collect subscription revenue I have to enter 3 transactions: 1. the original invoice payment 2. the deferral transaction (to defer the revenue …GregVeres 21 views 3 comments 0 points Most recent by EmmaP April 8, 2020 8:10PMAccounting Feature Ideas
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I work as an online Bookkeeping, Remote Bookkeeper, Off-Shore & Freelancer to clients from all walks of life. 🔹I am very passionate about showing the discrepancy in results, 💡Inquisitive to learn and grow. I facilitate the primarily for US-based companies all Accounting&Bookkeeping up to taxation right from the scratch with the best fit …Veera_Gogasani 41 views 0 comments 0 points Started by Veera_Gogasani April 4, 2020 9:32PM Pro Network Listings
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This is my first time asking question in this community. I am not sure what title i should use for my question (or request). Please correct me. Is it possible to have wider table for Account Balances Report, so the numbers only displayed in one line? For example: IDR32,359,200.00 instead of IDR32,359,200.0 0 I use IDR for currency instead of $ …suwandi_halim 23 views 4 comments 0 points Most recent by suwandi_halim April 1, 2020 2:53AMUpgraded Accounting Experience
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Hi! First, I want to thank you for this awesome tool. As the discuccion title says, I'm having some troubles with the totals of the accounts. Today, those totals does not change when I add a new transaction in my Business account and it seems that it is still taking in account a deleted transaction in my Personal account (I have discrepancies wit…JuanDataurbe 31 views 7 comments 0 points Most recent by AccountsPro March 30, 2020 9:50AMAccounting Technical Support
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Today, traditional accounting solutions such as bookkeeping and taxes are no longer sufficient to meet the realities of SMEs. With the popularity of digital technology and the emergence of new business models, it is essential for any company to develop innovative competitive advantages. To do so, the first step is to assess the company's financial…Liem_123 101 views 0 comments 0 points Started by Liem_123 March 26, 2020 6:10PM Pro Network Listings
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I am trying to figure out how to keep track of in-kind donations for a non-profit. I have created the relevant income/expense categories but am somewhat stumped as to what accounts to put them under. Should I create a new Cash and Bank account for putting these donations under? Or would it make more sense to do something else? Obviously I don't wa…PAR 171 views 4 comments 0 points Most recent by ConnorM March 20, 2020 5:25PMAccount Settings Technical Support
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Hi, I know we can add expenses on the web version and by taking pictures with a cellphone. However, I'm looking for a way to add transactions easily, (without having to sign in everytime) and for the one I don't have a receipt to take picture of. I want to be able to do it from my mobile phone. Are there any integrations or workaround you…david007co 21 views 2 comments 0 points Most recent by david007co March 16, 2020 7:05PMMobile Technical Support
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Which application do you use to covert pdf file to cvs files that can be uploaded on wavetanosa 11 views 1 comment 0 points Most recent by Mikeg March 9, 2020 1:50PMAccounting Technical Support
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* If there is no movements in some accounts like Other Current Assets, when I view BS, it still appear. How to not showing it? * Setting-->Dates & Currency-->eg 31 March, when I view report, 2019, it appears 01 Jan to 31 Dec 2019, is it possible to automatically change to 1/4 to 31/3? Thanks * If i have more than 4000 transactions to imp…MichaelChan_Bida 21 views 2 comments 0 points Most recent by MichaelChan_Bida March 6, 2020 3:17PMAccounting Feature Ideas
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I was doing some checking and I see an issue with some of my customers. At a high level customer account balance is fine, but drilling down in a customer is where the output doesn't make any sense to me.. For these customers I have sent them invoices, which they have paid. They paid by check so I have manually recorded the payment. When I run…Randy_M 121 views 1 comment 0 points Most recent by AlexL March 5, 2020 3:46PMAccounting Technical Support
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Hello, I hope this is the correct category for my question. How do I account for services rendered that were donated? We are working with a non-profit that provides free cleaning to cancer patients. We did the work and they will provide us with a donation receipt in the amount we would normally have charged. Do I create an expense account title…AnthonyG 131 views 15 comments 0 points Most recent by EmmaP March 2, 2020 4:00PMAccounting Technical Support
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Hi - I'm new to wave and I've had my first payment through Stripe - woop. Wave sorted the transaction automatically so I now have a transaction (that I can't edit) for my invoice amount (+£449) and the Stripe Fee (-£6.49). All good. However, in Wave there will be a copy of my sales invoice, but there isn't an attachment of a purchase invoice co…
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Hi all! I thought I would have found this topic in the archives but my search didn't turn up anything that helped. I have a C-Corp w/ an S-Corp tax designation that received a Federal Tax Refund from the IRS for last year. I'm doing the 2019 Acct Recs and I'm not sure how to treat it. I was going to create a new account with just that title &quo…Pop_BookKeeper001 501 views 4 comments 0 points Most recent by Mikeg February 18, 2020 7:01PMAccounting Technical Support
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Let's say I got a $100 refund for something I already paid, how do I record that transaction so it's not added to my annual income?dnov 161 views 1 comment 0 points Most recent by Mikeg February 15, 2020 10:51PMSales & Invoicing Technical Support
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I have a company that has 4 owners. I have set up the 4 Owner's Investment and Draw accounts for each owner to properly track investments and draws, but I'm hesitant to set up Retained Earnings into 4 accounts if the profits will not automatically be allocated to each owner account. Will I have to do a journal entry at the end of the year move pro…S_Coleman 361 views 3 comments 0 points Most recent by Mikeg February 12, 2020 9:36PMAccounting Technical Support
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I am a TV writer in Quebec in need of a Wave friendly accountant to prepare the Revenu QC and CRA tax return of myself and my boyfriend. You can email me at pennylaurence@hotmail.comPenelopeLaurence 31 views 0 comments 0 points Started by PenelopeLaurence February 6, 2020 10:14PM Find a Wave Pro
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Hi, I have uploaded a receipt from the app and approved it and it is now in done status and I can see them in the back office. So this is great. BUT I can't find this record in my accounting -> transaction, it is not recorded there. I am new to wave for according my research and from what I understand when a receipt is done, it should appear i…chrisswintoo 41 views 2 comments 0 points Most recent by chrisswintoo February 6, 2020 9:37PMAccount Settings Technical Support
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I must be old school How to reconcile wave payments? I've been stuck on this issue for some time, and the amount of transactions that result in duplicates or unmatched transactions is mind-boggling. When working with other merchant payment systems, I always had a monthly statement to work from. Are there reports that can be obtained? There are …SPS_John 1K views 3 comments 0 points Most recent by Barsin January 29, 2020 6:36PMAccounting Technical Support
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Hey guys, I just went through tons of accounting apps over the past couple weeks and finally found Wave. It's really great! Love the design. I just signed up and linked my accounts but I have no idea where to start when it comes to categorizing my expenses and reviewing the reports. What would you guys recommend for reading to get started with W…Cameron 91 views 2 comments 1 point Most recent by Cameron January 24, 2020 9:30PMAccounting Technical Support
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Hi! In my invoices I need to create a tax code that is being deducted rather than added to the amount outstanding. Can you please guide me? Thank you!C_Constructions_1 411 views 6 comments 2 points Most recent by Jk11 January 16, 2020 8:36PMSales & Invoicing Feature Ideas
