Accounting
Everything you need to know about doing your bookkeeping in Wave, from the basics of credits and debits, to more complex concepts like bad debt and foreign exchange.
Accounting Video Tutorials
Key accounting concepts
Reconciliation
Reports
- [US] View your online payment processing fees
- View and understand your Tag Comparison report
- View and understand your trial balance report
- View and understand your account transactions (general ledger) report
- View and understand your account balances report
- View and understand your aged payables report
Accounting for your sales
- Bookkeep a chargeback through Wave’s online payments
- Edit or delete a refund or customer credit for an invoice overpayment
- Receive and bookkeep a customer tip
- Apply a customer credit to an invoice
- Transfer a deposit or prepayment from a manually created customer credit account
- Manage and bookkeep invoice overpayments
Chart of accounts
Sales tax
Payroll bookkeeping
- View and understand the Wave Payroll Clearing account
- View and understand your Payroll Liabilities in Wave
- Automatic bookkeeping when paying independent contractors via direct deposit
- Bookkeep contractor payments made outside of Wave
- View and understand approved payroll bookkeeping
- What is a settlement transaction?