accounting
Discussion List
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I'm an international user (there's no option to link my bank account to Wave), with not much accounting experience. I'm trying to find out how to enter my credit card information in Wave Accounting. I created an account for my Cash Back Credit Card under "Liabilities and Credit Cards". What I'd like to know is what is the best approac…Acumen3 674 views 5 comments 0 points Most recent by Mikeg April 8, 2019 5:56PMAccounting Technical Support
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New tax year has started so we're now open for new client's, and where better to start than by inviting our UK Wave user community to get in touch. We're experienced not only with Wave but with several other accounting solutions, not to mention 3 decades of practical experience in the accounting world. . Size doesn't matter - its true! We are hap…MerlinAccounts_UK 81 views 0 comments 0 points Most recent by MerlinAccounts_UK April 8, 2019 11:36AMPro Network Listings
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As a sole proprietor, I have set up a solo 401(k) that I plan to contribute to both as employer and employee. I assume that I should record employee contributions as owner drawings, but I'm curious as to how I should record employer contributions. I see there has been some discussion of this in the past, but with recent updates to Wave's interface…Carrie_W 221 views 1 comment 0 points Most recent by Mikeg April 6, 2019 1:55AMAccounting Technical Support
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Good day Wave community, probably an entry level question, here is the scenario: My business model currently includes an Online Event Registration provider that captures attendee information, availability etc, and which uses Stripe as a payment gateway My Event Registration provider currently allows me to capture each Client registration in Wave…Fpal 11 views 1 comment 0 points Most recent by Samd April 4, 2019 5:35PMAccounting Technical Support
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Many of my receipts might have multiple categories within a single receipt. I was surprised that I can't create multiple 'split' categories while editing a receipt. The only way I could seem to do that is to select a single category then go edit the transaction splitting it for the multiple categories. Would be nice if it could be done directly…sageacy 51 views 2 comments 1 point Most recent by Aug April 1, 2019 1:19AMAccounting Technical Support
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Hello. In the previous version of Wave you could check the current reported bank balance against the balance Wave calculated based on transactions. After the migration I believe it showed a way to do this quick check still, without having to do a full reconciliation - this was very useful to me. I have searched the forum and quick help guides, but…Jfirey2001 31 views 1 comment 0 points Most recent by JamieD March 29, 2019 6:25PMAccounting Technical Support
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Hi am a new wave user looking to file my business taxes for the year and I looking for an accountant or booker keeper who is using wave. You can reach me on justin.iyizoba@gmail.comJustinIyizoba 81 views 0 comments 0 points Most recent by JustinIyizoba March 29, 2019 4:21PMPro Network
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Hi! We are hoping to receive some much-needed assistance from a Wave Pro/Wave Experienced Accountant in Australia. We are a small Not-For-Profit animal rescue and education organisation and have recently been victims of an accountancy scam. We are hoping for a Wave Pro accountant to perhaps donate a little bit of time helping us fix our system up…ATS 51 views 1 comment 0 points Most recent by ClaireWryghtAccounts March 26, 2019 7:34AMFind a Wave Pro
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A similar of the scenario is in the below post. https://community.waveapps.com/discussion/comment/15336#Comment_15336 My immediate thought is to have a separate section before the "Post to Accounting" button, and show related transactions from bank (of same amount, from same payment account) so that I can combine the following three …jacksunwei 31 views 0 comments 0 points Most recent by jacksunwei March 25, 2019 6:41PMAccounting Technical Support
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I was just wondering where I would put a bank loan in the accounts? And for the monthly repayments too, where should I put that? The same thing for a grant given by the government. Thanks in advance!Kadthulas2004 143 views 5 comments 0 points Most recent by MerlinAccounts_UK March 25, 2019 1:04PMAccounting Technical Support
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Last week we had a payroll transaction and amount was deducted from account. There was a mistake on payroll and bank reverted the money back to account. Now it is showing deducted amount as "Uncategorized Expense" and reverted money showing as "Sale". How to category them? I cannot put them as "Transfer" because both…Sri 21 views 1 comment 0 points Most recent by Ryan_W March 15, 2019 10:26PMAccounting Technical Support
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I wondered if you could help me find a way to mark invoices as paid without there being an actual income written on the account? The nature of our business means that we invoice our tutors for a commission for their private tuition work. These same tutors also get paid for other assignments direct through us. We tend to then deduct the payment d…RachelAtkins50 151 views 0 comments 1 point Most recent by RachelAtkins50 March 13, 2019 1:50PMSales & Invoicing Technical Support
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Wave is still a great product even though it isn't going to be MTD for VAT compliant - this doesn't impact on you if you aren't VAT registered, nor if you are VAT registered BUT have turnover below the VAT threshold. With developments in the pipeline for downloadable reports that will work with MTDVAT bridging software (VitalTax is a free product…MerlinAccounts_UK 121 views 1 comment 0 points Most recent by PaulC March 8, 2019 3:09PMPro Network Listings
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Hi guys, I upload my bank statements monthly and O was just wondering if there is anyway that I can change the category of everything at the same time? I am upload over 200 separate transactions however they are all for the same category. I am currently having to go into each one and change the category - which is making it more laborious than it…MayaMercer 141 views 1 comment 0 points Most recent by AlexL March 7, 2019 5:15PMAccounting Technical Support
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It's not too late to get your accounts in order for your 2018 (or older!) tax returns. I have extensive experience setting up new accounts and cleaning up existing ones. Visit my site or message me for more details. www.accountingforcreativity.com Boston based, willing to work outside local area.StaceySimon 111 views 0 comments 1 point Most recent by StaceySimon March 5, 2019 7:15PMPro Network Listings
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So I run a small business. I have one business account, one business savings account and my personal account. My startup costs came from my personal account and some of my ongoing expenses. Sometimes I move money from my business account to my personal account to cover those expenses. I also move money that I consider profit to my personal accoun…Sungover 11 views 1 comment 0 points Most recent by Mikeg March 2, 2019 12:50PMAccounting Technical Support
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Hi started using Wave for my new office. I make a record of purchases by creating bills from a vendor, the payments for these multiple bills are made only at the end of the month through a single bank transaction. Could you assist to record payment of multiple bills using single transaction in Wave? In short - how to record Multiple bills paid i…Vineeth 701 views 1 comment 0 points Most recent by Samd March 1, 2019 7:13PMAccounting Technical Support
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I have tried uploading my csv multiple times. Everything goes smoothly and i get this message "Your transactions are being imported from your bank statement. Please check back in a few minutes." i have uploaded a few times and in the past hour i still have no seen the transcations updated. I also tried clearing the cache like it was me…
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We are as near to you now as you are to your computer or favourite mobile device, so whether you're based in John O'Groats or Lands End, Anglesey or Dover or anywhere in between we can provide you with all your accounting needs. . . Need a face to face chat? We're on Skype! (and Skype to Skype calls are FREE! we love FREE stuff). . . Want to be s…MerlinAccounts_UK 122 views 2 comments 5 points Most recent by MerlinAccounts_UK February 26, 2019 11:33PMPro Network Listings
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I have two accounts - a trust account and an operating account. When I process credit card payments, they go through the operating account and then are transferred to the trust account. These payments are NOT income until I remove them from the trust account when they are earned, which occurs later on . My questions are as follows: 1) How should…wynnel 621 views 5 comments 0 points Most recent by Samd February 22, 2019 5:59PMAccounting Technical Support
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Hi there, This is my first year with wave and I am just finalising my accounts, I am just checking I have created entries for my starting balances, however when I pull off the account balances report it says all my balances are zero, they should show my entry as the starting balance, not zero, is this correct? ThanksJusmih 41 views 1 comment 0 points Most recent by Mikeg February 19, 2019 3:04AMAccounting Technical Support
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My bank seems to report "Bill Pay and Date" but it does not specify the payee. This requires going back to my bank statement for each transaction in order to categorize. It would save a lot of time if we could sort by the transaction dollar amount. Then we can manually categorize easily. For example: My auto payment is $462 so if I could…Mtnwolf 151 views 1 comment 1 point Most recent by Ryan_W February 18, 2019 7:17PMAccounting Feature Ideas
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I am trying to import csv bank statements (just 2-10 records per file), but after i go through the whole process, the records are not showing up in the list of transactions. I tried several times with different files, and no success. Usually this used to work and transactions were visible practically immediately. Something broke?m1cr0ch1p 241 views 3 comments 0 points Most recent by Sophia February 15, 2019 6:45PMAccounting Technical Support
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Hi, On dashboard in the box below "Bank Accounts & Credit Cards" it shows £2,266.59 Under Accounts > Transaction in the drop down box it shows £1,973.46 Why are they different?snappyfish 841 views 5 comments 0 points Most recent by JamieD February 14, 2019 6:13PMAccounting Technical Support
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Hello All, I'm running a web Design business out of my house and I'm wondering how much I should be reimbursing myself for internet and cell phone expenses as they're both critical for the business. -Thanks in advance! Curtisembersmithllc 11 views 2 comments 0 points Most recent by Mikeg February 13, 2019 3:33AMAccounting Technical Support
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Hi, Please see screenshot, from today 28th Jan. I've had "money in transit" since 1st Jan? This money is already in my bank?snappyfish 751 views 4 comments 0 points Most recent by snappyfish February 12, 2019 10:57PMAccounting Technical Support
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I'm completely new to book-keeping so thank you in advance and sorry if these are stupid questions- 1) If I paid for advertising for my company, and someone paid me for their portion, which I had already paid for, how would you show that? 2) If I receive payment for a project, that's split 50/50 how would I show that in accounting? I've already …ReBroker88 11 views 1 comment 0 points Most recent by Mikeg February 6, 2019 4:08AMAccounting Technical Support
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In the P&L report under sales line, which represents the total revenue my company generated has a wide discrepancy against income collected. I've accounted for slight variance due to credits/refunds, however, this doesn't explain why there can be such a huge difference. I'm off by about $20k.ctdook 41 views 6 comments 1 point Most recent by Mikeg February 5, 2019 1:48PMAccounting Technical Support
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Hi. I am Marcia Danielson with MD Consulting. I am looking forward to helping small businesses navigate the Wave platform for their bookkeeping needs. I can be reached at mmgt2005@gmail.com and will be posting creative entrepreneur solutions on my facebook page, https://www.facebook.com/mdconsultingatl/.mdconsultingatl 51 views 0 comments 1 point Most recent by mdconsultingatl February 5, 2019 12:52AMPro Network Listings
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I have my biz CC and my biz bank account connected to Wave. When I make a purchase using the CC the individual purchases are automatically imported where I can adjust and verify them. Then I pay the CC from my bank account. This is automatically imported as an expense. It's not really an expense, though, as the expense was recorded when I import…PDA1964 31 views 4 comments 0 points Most recent by jwalter007 February 4, 2019 1:55PMAccounting Technical Support
