If you have extensive records
It may be in your best interest to only enter account balances into Wave. Your account balances include your assets, liabilities, sales tax amounts, income, expenses, and any equity accounts. You then keep your old spreadsheet for your detailed records.
If this is the case, go to Switching to Wave from Quickbooks. Even though you don't have Quickbooks, your spreadsheet reports will be very similar.
If you only have transactions
You can open your transaction file in Excel and save as a CSV file. For help on formatting your CSV file, click here.
- First, you'll need to figure out the period for which you want to enter into Wave. Usually, the current year is what most people need.
- Before you upload, this is what you should know:
- If you plan on connecting your bank account or credit card to Wave, do this before uploading statements. This is because when you connect your checking account, for example, you will have the option to map it to an account you have connected. Also, it will help you determine which date range you need from your own records.
- It is highly recommended you upload 1 month at a time. This is so it isn't overwhelming and you can reconcile as you go.
- Upload one statement into Wave. For step by step instructions on this step click here.
- Continue on!
Learn more with Tips to stay on top of your accounting.