Wave Accounting software
5.0 (1 rating)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
15 students enrolled
Wishlisted Wishlist

Please confirm that you want to add Wave Accounting software to your Wishlist.

Add to Wishlist

Wave Accounting software

Learn how to use Wave, the FREE cloud bookkeeping software to perform several essential bookkeeping tasks
5.0 (1 rating)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
15 students enrolled
Created by Lisa Newton
Last updated 12/2016
English
Current price: $10 Original price: $20 Discount: 50% off
5 hours left at this price!
30-Day Money-Back Guarantee
Includes:
  • 3.5 hours on-demand video
  • 14 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • By the end of the course you will be able to complete various common functions using WAVE
  • In this course you will learn how to:
  • Enter the opening balances
  • Amend the nominal ledger
  • Add new customer and supplier details
  • Post customer invoices and credit notes to the sales ledger
  • Post supplier invoices and credit notes to the purchase ledger
  • Enter the supplier cheques and record the customer receipts
  • Post Petty Cash transactions
  • Prepare the VAT return
  • Reconcile the bank
  • Post the wages journal
  • Post adjustments to the accounts and produce month-end reports
View Curriculum
Requirements
  • You will need access to WAVE in order to complete the assignment - but we'll explain how to get a free trial of the software in lecture 2
Description

WAVE Accounting / Bookkeeping software - Computerised Accounts

course is about how to use WAVE based on the most popular functions which you as a WAVE operator needs to know how to use, in order to be proficient in using the software.

The learning is structured in a practical way. You are given a practical scenario assignment. There are various tasks to complete. You are given the task to do and have a go at, and then the video answer is available. It is suggested that you:

  1. Read the task
  2. Watch the video
  3. Have a go at it yourself on your own system
  4. Rewatch the video (if necessary) - to reinforce the learning

You'll learn how to set up a Tally accounting system from scratch, how to enter opening balances, post customer invoices and credit notes, post supplier bills and credit notes, pay suppliers, petty cash, prepare a VAT return, reconcile the bank, post journals, run reports amongst over things.

This is a useful course if:

  • You are thinking of working with the software,
  • You are going for jobs which have a requirement for you to be able to use this software
  • You want to put this skill on your CV, or
  • You are a bookkeeper or accountant and will be using this for clients or even
  • You run your own business and want to know how to use WAVE for yourself.

You will need to have access to WAVE. You can sign up to the WAVE site to get a free trial. We give you the link in lecture one and show you how to do this. The instructor is usually online to answer student queries for 2 hours each day.

The course materials includes the handout of the assignment task.

Successful completion of the course is the equivalent to being at the level of having a level 2 certificate in computerised accounts.

The course will take about 3-4 hours to complete.

Who is the target audience?
  • Bookkeepers and Accountants who need to increase their skills set
  • Students who are going for jobs where the requirement is working knowledge of Wave Accounting
  • Those who have studied accounting, but want practical knowledge of how to use a popular accounting software which will help them find employment
  • Previous knowledge of accounting is not presumed or required
Students Who Viewed This Course Also Viewed
Curriculum For This Course
40 Lectures
03:23:58
+
Getting Prepared - Access the software and course materials
2 Lectures 10:53
+
Getting Started
4 Lectures 22:31
Customise the system and set up VAT codes
05:06

Add opening balances - part 1 - add nominal codes
07:56

Add opening balances - part 2
08:00

Report opening trial balance
01:29
+
Setting Up The System
2 Lectures 08:59
Reverse opening balances - accruals and prepayments
08:04

Reverse the opening accrual - show a report
00:55
+
Nominal Ledger
2 Lectures 05:30

Report listing the nominal ledger
01:06
+
Customers
2 Lectures 11:34
Enter customers
09:46

Customers report
01:48
+
Suppliers
2 Lectures 07:43
Create suppliers
06:25

Supplier report
01:18
+
Sales Ledgers
5 Lectures 26:27
Post customer invoices 1001 - 1002
09:01

Post customer invoices 1003-1004
04:52

Post customer invoices 1005 to 1008
05:00

Enter sales credit notes
03:58

Customer account activity
03:36
+
Purchases Ledgers
3 Lectures 22:30
Post Supplier invoices
13:26

Post Supplier Credit Notes
05:08

Supplier account activity report
03:56
+
Sundry payments
1 Lecture 04:02
Supplier payments report
04:02
+
Sundry receipts
2 Lectures 07:40
Receive customer payments
06:13

Report customer receipts
01:27
6 More Sections
About the Instructor
Lisa Newton
4.0 Average rating
300 Reviews
4,050 Students
95 Courses
Entrepreneur & Serial Author

Lisa Newton BA MSc AAT has a masters degree in Investment Management and a first class honours degree in Accounting with Marketing. She formed her first company in 2004 with £150 in the same month of graduating from City University, London UK. Lisa has never had a full time 9 to 5 job in her life. She's a serial entrepreneur and author who holds directorships in various industries including telecoms, property management, publishing, hair & beauty as well as finance. She has won various awards in Business including: Young Entrepreneur of the Year Award 2007, in 2008 Enterprising Business Award, in 2016 BE Mogul Award and has been nominated and shortlisted in numerous others. In 2011 and in 2012 one of her companies won Best Accounting Franchisor Award. In 2015 and 2017 one of her companies won Best Bookkeeping Business London (Accountancy International Awards).

Lisa's books include: How to write a book in two weeks, Constant Cashflow, Make the most of your money, How to start your own bookkeeping business, Cosmic ordering with Vision Boards, How to Franchise Your Business and Quickbooks Online The Handbook. Some of the books are in audio-format on itunes and audible.

Lisa hosts her own show The Authors Podcast which can be found on the iTunes channel.

Lisa supports the charity The MS Society. A speaker, coach, consultant and an avid networker, Lisa enjoys meeting people and working on projects with like-minded individuals.

In her spare time, Lisa likes traveling, dancing salsa, writing books, learning languages, meditation, yoga and cosmic ordering.