Track sales and purchases for a product or service

While Wave does not have a specific product report, you can use the following workflow to track all of the sales and purchases that you make for a particular product or service.

To track the purchases and sales of inventory, follow the steps in How to track inventory in Wave.

Create or locate an account to represent your product or service

Add or edit a product or service to allocate it to an income or expense account

View sales and purchase information in a report

Create or locate an account to represent your product or service

To locate an existing account, go to Accounting > Chart of Accounts. All accounts created in your business profile will be shown here. To create a new account, see Add a new account or category.

Each product or service can only be linked with one income or expense account. When you create an account, it’s recommended to only use it for the specific product or service assigned to it to ensure accurate reporting. Learn more in Understand how Wave bookkeeps your invoices.

Add or edit a product or service to allocate it to an income or expense account

Learn how to add a product or service.

Learn how to edit a product or service.

Learn how to Update the income account of a product or service on past invoices and Update the expense account of a product or service on past bills.

View sales and purchase information in a report

  1. Log in at waveapps.com.
  2. On the left-side menu, click Reports > Account Transactions (General Ledger).
  3. Click the dropdown menu under Account and filter for the newly created income or expense account.
  4. Click Update Report.