How to add accounts and customize categories

When you created your business in Wave, we set up your Chart of Accounts with a list of common accounts (or categories) that businesses like yours have found useful. Of course, you are free to add different accounts and categories (such as your own specific bank accounts or income and expense categories) to Wave.

To create new accounts & categories:

  1. Click Accounting in the menu at the left of your screen and select Chart of Accounts.
  2. Click on Add an account.
  3. Browse through the tabs for the account or category you need.
  4. You can also search by name. When you find what you need, click the name.
    if you're searching for an Expense category, you must first click the Expense tab, and then do the search. Similarly, if you're looking for an Asset, you must click the Asset tab before searching, and so on.
  5. Edit the account name.
  6. Wave may ask you if this is a Payment Account. A Payment Account is an account that you use to withdraw money, make deposits, or make withdrawals/purchases. This is could be like your bank account.
    You can also select the currency of your bank account. Here is more info: What is a payment account?
  7. Click Save.

You're done!

To create new accounts & categories:

  1. Click Accounting in the menu at the left of your screen and select Chart Of Accounts.
  2. Click on Add a New Account.
  3. Browse through Account Type for the account or category you need.
  4. You can also search by name. When you find what you need, click the name.
  5. Enter in the Account Name.
  6. You may enter in an Account ID or Description.
  7. Click Save.