Key accounting concepts
Gain a deeper understanding of some of the accounting principles behind the actions you can take in Wave.
- Difference between business, account, and transaction currency
- Understand how money in transit accounts work in Wave
- Introduction to debits and credits
- Record a journal transaction
- Starting balances: What they are, and how to enter them in Wave
- Record a capital asset purchase
- Depreciation in Wave
- How foreign currency transactions are recorded
- Why can't I bulk edit certain transactions?
- Frequently asked questions: Getting your books ready for Block Advisors or another tax preparer
- Tax filing with Block Advisors
- Accounting year-end checklist