Improvements to transaction splitting

Occasionally, you may receive a payment that covers more than one invoice. When this happens, the easiest way to manage things is to split the transaction into the respective invoice amounts, and then apply the invoice payments. 

Here’s how it works:

  1. If you have a transaction that you’d like to split, navigate to the Transactions page, click on the transaction and Click Split Deposit/Withdrawal.
  2. A second category menu will appear, giving you two options for categorization: Category 1 and Category 2. You can split the transaction further as needed.
  3. Categorize the transaction, selecting Payment Received for an Invoice in Wave if any of the individual parts of the transaction are an invoice payment.
  4. Change the amounts next to each category to reflect the amounts that you’d like to split each part of the transaction into.
  5. Click Save.

You’ll now have a transaction that appears once in your list of transactions but is made up of smaller, individually categorized parts.

That’s it! When it comes time to reconcile your transactions against your bank statement, your split transactions will line up exactly with the transactions from your statement.

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