https://www.youtu be.com/watch?v=cxOVfZQHLOM
In this Wave accounting tutorial for novices, I share how you can get up and keeping up Wave’s entirely complimentary monetary and accounting software application. Wave is a popular FREE accounting and monetary software application for small companies in Canada and the United States. Wave accounting permits you to handle all your organization’s monetary and accounting activities from handling sophisticated invoicing, repeating invoicing, expenses, online payments, payroll, deals and more. ► We likewise have a total newbie guide over on our site: https://stewartgauld.com/wave-accounting-tutorial/ ► Begin with Wave Accounting totally free here: https://waveapps.com/ ► Intrigued in comparing to the Xero accounting software application? Have a look at our Xero tutorial for novices here: ► Today we cover the following chapters in this wave accounting tutorial: 0:00 Introduction 01:13 Starting 03:12 Wave control panel 06:04 Price quotes (quotes). 06:23 Consumer billings. 07:22 Repeating billings. 08:05 Checkouts (site payments). 08:23 Payments. 08:50 Consumer declarations. 09:03 Consumers. 09:16 Products & Solutions (sales). 10:07 Costs. 10:25 Suppliers. 10:44 Products & Solutions (purchases). 11:22 Deals. 11:51 Reconciliation. 12:21 Chart of accounts. 12:34 Employ an accountant. 12:55 Linked accounts. 13:42 Run payroll. 14:03 Reports. 14:14 Tax filing. 15:02 Outro. ► Are you thinking about joining our small company neighborhood? Join us to get actionable ideas, tutorials and tools to grow your small company online (Register for our e-mail list) or join our special neighborhood here: https://mailchi.mp/71ac3fcdbfdf/stewart-gauld. Let me understand if you discovered this Wave tutorial practical. Likewise, if you need any assistance or assistance, ensure to contact us today. Thanks for seeing and delight in! #waveaccounting #accountingsoftware
Jacqueline Jackson
Thank you, but when using Accounting section, I need assistance For instance how to enter a transaction whereas a check from a customer was returned
Stewart Gauld
Hey Jacqueline,
I suggest getting into touch with Wave support to help guide you through this process.
edward komito
Hi Stewart. Let’s say you want to enter individual transactions from a credit card statement into the ledger. Further assume there are multiple transactions from the same company. I don’t want to set up a recurring invoice since these are individual transactions. Any invoice would be paid to the credit card issuer, but I want to keep close track of different categories of expenses within the credit card statement. Is there a way to create a recurring vendor w/o creating a recurring invoice? Also, are you aware of any way to export or upload the ledger to either another software program or to your own accountant? Thanks.
Stewart Gauld
Hey Edward,
I suggest you talk with the team at Wave to support you on this. Both of these are possible. I will keep this in mind adding to an updated tutorial in the future.
Songbird Personal Assisting, LLC
Hey there! I was wondering what category you put for the “Transfer from Wave Payments to your bank account” transaction. When I put “Transfer to bank, credit card, or loan” then selected the business account it created ANOTHER transfer. The bot doesn’t seem to be much help
Stewart Gauld
Hey mate,
I will have to look into this!
Songbird Personal Assisting, LLC
@Stewart Gauld Thank you so much! I’ll wait around for your response
4tun8nanette
I think this was 1 of the issues I had that caused me to stop using Wave. Also, I couldn’t seem to disable the sales tax calculation feature. I’m a service business, no sales tax.
jidgerydooo
Hi, do you know if you can invoice and take payments by bank transfer? Also, can Wave be used in the UK?
Stewart Gauld
Hey mate,
At the moment Wave is not in the UK.
Tali Nizic
Thank you…..how and where do you upload your balance forwards.
Stewart Gauld
Hey Tali,
Thanks for that question, I will have to look into this.
乐学好静
Thanks!How to record transfers from a personal account to a business account.
Stewart Gauld
Updated tutorial coming soon! Will cover this.
Bilal Hidayat FCCA
I use weaker currency. Can I put 10 billion figure in this? Sage and Quickbook’s older free version allow 999,999,999 only
Stewart Gauld
Hey mate,
This is only available in the US and Canada at the moment. I do not think so.
4tun8nanette
I am a service small business. I dont need yo track sales tax. Can sales tax calculations be disabled?
Stewart Gauld
Yes. We are updating this tutorial soon and will include this information. Thanks.
Birhanu Belete
Hey can i use wave for a restaurant and cafe business?? and when selling one product there are a lot of items that we can add so is there any way to manage the sales of product and ingredient items added to the product
Stewart Gauld
Yes you can use Wave to mange these types of businesses.
rockabs4
Hi there, thank you! How do I add a user to my account?
Stewart Gauld
Welcome! Under setting you can add your team or connect your accountant.
James Mellos III
Can you please do a video for wave accounting for individual users who just simply want a place to easily keep their accounting records in order to pace them along to their bookkeeper?
Stewart Gauld
Hey James,
I will look into this mate.
ropecrewman36
Thanks for the very thorough tutorial!
Quick question: If I’ve already been doing bookkeeping on spreadsheets, is there any way to upload the data to Wave?
Stewart Gauld
Hey,
Yes you can upload to Wave, however, I suggest engaging with Wave for the correct migration.
ropecrewman36
@Stewart Gauld OK. Thanks!
Pranaya khadka
Is this all software free of cost bro??
Stewart Gauld
Completely free. Only payment transaction fees. See their pricing page for more info: https://www.waveapps.com/pricing
Pranaya khadka
@Stewart Gauld If it’s free of charge then, I would love to use it. Thanks…
Stewart Gauld
@Pranaya khadka Make sure you can use it in your country.
Pranaya khadka
@Stewart Gauld I will check whether my country is mention in list or not? Actually, I am from Nepal. OK 👍
Tonne Black
Nothing is ever free. What is the catch?
Stewart Gauld
Hey mate,
Yes free. See the pricing here: https://www.waveapps.com/pricing
Lara Miller
I am looking at moving to Wave from QBO. Is it possible to import from QBO to wave?
Stewart Gauld
Hey Lara,
I will have to look into this.