[Wave Accounting Basics Video 4] Bookkeeping your Invoice Payments

Now that you understand the 3 Key Steps for Accounting in Wave, this video shows you how to bookkeep for your invoice payments. We show you the automatic entries made by the Wave Payments system, and also how to bookkeep for the manual payments you receive. We also cover how to handle a common question regarding Wave Payment bookkeeping.

We hope you enjoyed this video!

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Remember: if you want to have accurate financial records, there are three key steps you need to follow. Here are more resources on each step:

  • Key Step #1 is importing your transactions into Wave, and you can view a video on that topic here.
  • Key Step # 2 is categorizing your transactions, which can be viewed here.
  • Key Step # 3 is reconciling your accounts, which can be viewed here