Mikeg ✭✭✭
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- Username Mikeg
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Re: How to delete "Liabilities & Credit Cards" (Credit Card)
@FAIG, As far as I know, I do not believe you can delete an account. You can however, archive. But, before you do that, you want to be sure to remove all the transactions from that account. Doing tha… (View Post)1 -
Re: Non-taxable income feature?
@Sohum, You actually leave it on the income statement. However, you should create an account called Tax Exempt Income or PPP proceeds. If you received an EIDL payment, they are a grant and are not ta… (View Post)1 -
Re: How to record quarterly Self-Employment tax payments in the US
@ZDesign, The entire estimate should be categorized as a draw. The reasoning behind that is that federal and state taxes are not a deduction for sole proprietors. (View Post)2 -
Re: "Owner Investment / Drawings" vs. "Owner's Equity"
@waveisawesome, I would say that the description could be a little better on Wave's part to remove the withdrawal language out of Retained Earnings. However, keep in mind that there are different ent… (View Post)1 -
Re: Bookeeping without Wave Invoice
@AutoSport, Yep, it is not a problem. I have clients who do the same thing. We use Wave for general bookkeeping and reporting for taxes. You would need to enter opening balances. From there you would… (View Post)1
