To ensure accurate transaction records, you can no longer select Property, Plant and Equipment, Other Long-Term Liability, and Business Owner Contribution and Drawing accounts as a Payment Account for your invoices. Payment account refers to where you deposited that payment: For example, did you deposit it into a chequing account, or did you put the cash into your cash box (“Cash on hand”)? Payment method refers to how your customer chose to pay. If your customer is paying you outside of Wave Payments, you’ll need to record the payment manually. This also syncs with your accounting to make it automatic and save you time. If you have Wave Payments enabled and your customer pays you online, Wave will record your customer's payment through your invoice automatically. Click to the next page to learn about approving your draft → Turn on payment processing to get paid quick (optional)Ĭheck out our guide to Wave Payments to learn how to turn Payments on and accept payments through your invoices. When you preview the invoice or send it to your customer, the hidden sections will not be displayed. While you’re creating or editing an invoice, you will still see the columns you’ve hidden from your customer’s finished invoice. Note: Some of the information you may choose to hide, like Price or Amount, is still important to the accounting that Wave does on the back end for balancing your books, even if you don’t want to show that information to your customers.
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