If you sent a full or partial refund to your customer, or received a refund for something you purchased, recording the transaction in Wave ensures your books are accurate.

Bookkeep a refund you sent for an invoice in Wave

Bookkeep a refund you sent without an invoice

Bookkeep a refund you received for a bill in Wave

Bookkeep a refund you received without a bill

Bookkeep a refund you sent for an invoice in Wave

If you use Wave Payments and refund an invoice paid through Wave, the bookkeeping is taken care of automatically.

  1. Open the Transactions page.
  2. Find the expense transaction associated with the refund, or create a new expense transaction.
  3. Select the category Refund Sent for an Invoice in Wave, and choose the appropriate invoice from the list.
  4. Select Save.

The refunded invoice will appear as Overdue on the Invoices page. If you don’t expect to receive another payment for this invoice, write off the invoice.

Bookkeep a refund you sent without an invoice

  1. Open the Transactions page.
  2. Find the expense transaction associated with the refund, or create a new expense transaction.
  3. Select the category Refund for Income, then the income account you selected when recording the sale.
  4. Select Save.

Bookkeep a refund you received for a bill in Wave

  1. Open the Transactions page.
  2. Find the income transaction associated with the refund, or create a new income transaction.
  3. Select the category Refund Received for a Bill in Wave, and select the appropriate bill from the list.
  4. Select Save.

If you use Wave Payroll to pay contractors through direct deposit and receive a refund for a contractor bill in Wave, you will not be able to delete it, even if you no longer need to make this payment.

Bookkeep a refund you received without a bill

  1. Open the Transactions page.
  2. Find the income transaction associated with the refund, or create a new income transaction.
  3. Select the category Refund for Expense, then the expense account you selected to record the purchase.
  4. Select Save.