How to account for subscriptions

To account for recurring expenses, like a subscription that you pay for every month, categorize the expense transaction to an Operating Expense account. You can create a separate expense account for each subscription.

Wave does not currently have a feature that can automate recurring expenses.

Step 1: Create an account

Follow the steps in Add a new account or category to create a new expense account. In step 3, select the Account Type Operating Expense.

Step 2: Categorize the transaction

To categorize the transaction:

1. Open the Transactions page.
2. Find the expense transaction, or create a new expense transaction.
3. In the Category field, select the appropriate subscription expense account.
4. Select Save.

If you have questions about the specific account to select when categorizing your transactions, we recommend reaching out to an accountant or bookkeeper.