An easier way to manage personal transactions

We’ve simplified how you handle personal transactions in Wave. Instead of moving transactions out of your business account and into personal, you can now categorize personal transactions right from your business transactions page.

To categorize a transaction as personal:

  1. Navigate to Accounting > Transactions and locate the transaction you want to indicate as personal.
  2. In the transaction detail view, select Personal Transaction from the category drop-down.
  3. Select the relevant personal account.
  4. Click Save.

You can categorize a personal transaction to any account listed under Business Owner Contribution, like Owner's Investment or Drawings. You can see what Business Owner Contribution accounts you have and add new accounts under Accounting > Chart of Accounts > Equity.

After you categorize a transaction as personal, you’ll still be able to see personal transactions on your business transaction page, and your business records will be accurate. Marking a transaction as personal won't create a transaction in your personal Wave account.

You can now mark transactions as personal in bulk! Select all relevant transactions using the checkboxes. Click Edit > Change Category > Personal Transaction Apply.

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