When you create a business, Wave sets up your Chart of Accounts with a list of common accounts (or categories) depending on the business type you select during setup. You can also add new accounts under your Chart of Accounts.
Add a new account in your web browser
Add a new account in the Wave mobile app
Add a new account in your web browser
- On the left-side menu, click Accounting > Chart of Accounts.
- Click Add a New Account at the top right.
- Select an Account Type from the dropdown. Learn more about the different account types in Understanding your Chart of Accounts.
- Enter the Account Name.
- Optionally, enter an Account ID or Description.
- Click Save.
You can also add accounts while creating transactions on the Transactions page. Click the Category field of a transaction and select the option Add a new category at the bottom of the dropdown menu.
Add a new account in the Wave mobile app
Accounting transactions in the mobile app are included in Wave’s Pro and Receipts Plans. Learn about Wave’s plans.
On the mobile app, you can add a new account or category when creating a new transaction or editing an existing transaction.
To create a new account from a transaction:
- Log in to the Wave mobile app.
- Tap Accounting on the bottom menu, then tap Transactions in the submenu.
- Tap the + icon at the top right to create a new transaction. Or, tap on an existing transaction to view the details.
- Tap Category to view a list of existing accounts, then tap the + icon at the top right to add a new account.