How to add a bank or credit card account

You'll want to create an account in Wave for every bank and credit card account you use in real life, so that your books accurately reflect what's going on. To add a new Bank Account, follow the steps below.

If you plan to connect your Bank Accounts to Wave to auto-update transactions, you can skip these steps and create the new account while connecting.

Add bank or credit card accounts:

  1. Click the Accounting tab in the left-hand navigation menu and select Chart of Accounts.
  2. Click Add an account.
  3. To add a bank account, go to Asset > Bank > Bank & Cash, and find the account type you want. If it's not there, use Other Bank Account. Click your selection.
  4. If you're adding a credit card or line of credit account, then go to Liability/Credit Card > Current Liability > Current Bank Debt and find the account type you want or choose Other Current Bank Debt. Click your selection.
  5. A new box will open where you can enter your new account details.
  6. Enter the account name. Leave the Payment Account box checked.
  7. Click Save when you're finished.
  8. Success! You should see the name of your new account in the list.
  1. Click the Accounting tab in the left-hand navigation menu and select Chart of Accounts.
  2. Click Add a New Account.
  3. Select the Account Type from the drop-down.
  4. Enter an Account Name.
  5. Success! You should see the name of your new account in the list.