Learn Wave accounting to maintain books properly

Learn how to maintain your books of accounts on Wave Accounting

Created byPayel Podder

Last updated 1/2016

English

What you'll learn

Maintain your books of accounts on free cloud accounting Wave properly
Understand and take control of your own finances along with your business
Do freelancing or consult clients for maintaining books on Wave accounting software

Course content

5 sections • 27 lectures • 3h 0m total length

1.Introduction3:25
Welcome to the course! This is a course on how to maintain your business and personal books of accounts on Wave Accounting (A FREE Cloud accounting software) and take a full control of your finances along with your business

Setting up of a company in Wave Accounting7:06
The first and the foremost activity in Wave Accounting is to set up the company, define the nature of the business.In this lecture, we are going to learn how to set up a company in Wave accounting
Setting up or Connecting of Bank and Credit account to Wave7:29
One of the very important feature of Wave accounting is automatic update of transaction directly from bank and credit card account.In order to ensure automatic update, we need to link the bank & credit card accounts to your Wave Account. In this lecture, we are going to see how to link the bank or credit card account to Wave account.
Setting up of Customer Account or Creating Customer Account in Wave10:45
Complete records of customer can be maintained in Wave Accounting.In this lecture, we are going to see how to create customer account and how to import all the customer records, if you are shifting to Wave Accounting for maintaining books of accounts.
Creating Invoice in Wave17:15
Recording of invoice is an important activity of the business. In this lecture we will see how to record invoices.
Receiving of payment from Customer through Wave11:10
In this lecture, we will learn how your customer can make payment with their credit card through Wave
Uploading of Receipts in Wave14:01
Now you can upload all the receipts directly into Wave by taking a photo from your smart phone and do not need to preserve any paper receipts for future use.
Creating Bill in Wave7:05
Bills can be recorded and can be send to the vendor directly through email.In this lecture we will see how to record expense and classify in the right account.
Setting up of Multiple Companies in the same Wave account4:05
Wave has a very unique feature in which it allows to maintain multiple companies books along with your personal books in the same account separetely.
How to give Access Permission to others or Accountant to use your Wave account2:49
In order to ensure security, different types of access right can be given to different user depending upon the level of information requirement.All this access rights can be managed by the administrator.In this lecture we going to see how to manage and give access rights to different users.
How to Find an Accountant for maintaining your books on Wave2:30
You can find an Accountant to maintain your books of accounts through the wave accountants network,in this lecture ,you will see how you can locate your accountant
Practice activities for Section-31:00

Setting up of Chart of Accounts9:38
Chart of accounts are created depending upon nature of the business , the income and expenses needs to be allocated to proper accounts so that the same can be identified. In this lecture, we will look at the steps of how to create chart of accounts.
Uploading of Bank transaction in Wave Account7:36
Recording of previous year’s data would be a challenge, which can be resolved by using the Wave Accounting feature of uploading data in specified format.In this lecture, we going to focus on how to upload and retain the previous years data.
Transfer of fund from one account to another.5:11
Fund are transferred between one bank account to another bank account and also fund are transferred from bank to paypal or credit card accounts to make payment of outstanding bills etc.In this lecture we will see how to transfer fund from one account to another in Wave
Categorization of the Income and Expenses to Correct Accounts.7:32
Income and expenses should be correctly categorized in order to ensure proper maintainance of books of accounts.In this lecture we will learn to properly categorize the expenses and incomes.
Recording of Journal Entries & Account Balance10:35
In this lecture , we will learn how to record Journal entries that may required during the month end adjustments
Setting of Financial Year End.3:02
Merge Duplicate transactions2:40
Setting up of Sales tax in Wave4:01
Splitting of transactions between Personal and business Expenses and Income7:41
Unlinking transfer Entries2:30
Bank Reconciliation4:59
Reconciliation is an important activity that needs to be carried out in order to ensure that there is no difference between the record in the quickbooks and the bank.In this lecture we will see how to do reconciliation in Wave Accounting.
Practice activities for Section-41:00

Requirements

If you are having basic accounting knowledge than you can directly start the course or else you can start with the basic accounting lectures.

Description

This course will teach you how to maintain your own books of accounts by using Wave Accounting software.

This course includes accounting activities done in Wave Accounting like creating chart of account,creating an invoice,bills,expenses, reconciliation of bank statement or understanding various Wave reports

This course is explained with the help of screen cast and all the process or activities are shown stepwise through examples

This course is meant for small business owner and professional who wants to maintain their own books of accounts through Wave Accounting.

Whether you are a non finance person or finance person , this course will help you understand accounting activities in Wave Accounting better by providing you the knowledge on the basics concepts of accounting.

At the end of this course, you will be able to-

1) Set up your own books of account in Wave Accounting

2) Manage and create customer master ,invoices and receive payment through Wave

3) Manage and create vendor master and book various type of expenses

4) Perform bank reconciliation independently.

5) Understand various reports in Wave

Who this course is for:

This course is meant for business owners,freelancers, artist,self publishing authors and anyone who is interested in maintaining their books of accounts on wave accounting software.
This course can be taken by both finance and non finance background person.
This course is not meant for those who wants to maintain their books of accounts in cloud accounting software other than wave accounting

Learn Wave accounting to maintain books properly

What you'll learn

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Course content

1.Introduction to the Course1 lecture • 3min

2.Basics of Accounting2 lectures • 12min

3. Features of Wave Accounting used in day-day Activities by the Entrepreneurs.11 lectures • 1hr 25min

Accounting in Wave12 lectures • 1hr 6min

Understanding the various reports in Wave Accounting1 lecture • 15min

Requirements

Description

Who this course is for: