


When this occurs, you can use the category Personal Expense/Withdrawal and then select the most suitable equity account (for example Owner Investment/Drawings). If you are moving funds from one account in Wave to an account that doesn’t exist in Wave (for example a personal account) you don’t need to record this as a transfer. Sometimes you may have just one side of a transfer to record. Examples of transactions which don’t require a transfer This transaction will be recorded on the same date as the transaction you categorized as Transfer to/from Bank, Credit Card, or Loan with the account being set to the account you selected in the Account menu. The other side of the transfer is already categorizedīecause a transfer in Wave can not exist without both sides of the transfer being recorded, when you don’t have a matching transaction, a new transaction is created with the description Created Transfer.The dates of the transfers are too far apart.The transactions are in a different currency.The amounts of both transactions don’t match.You may have the other side of the transfer located in an account not importing to Wave.The other side of the transfer doesn’t exist in your Wave account.A few reasons for not being given the option to match a transaction include: But that’s ok! On these occasions, Wave can take care of this for you. If you categorize a transaction as Transfer to/from Bank, Credit Card, or Loan, you may not be given the option to “match” a transaction. What to do if there are no matching transactions
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Read how to create transfers between accounts with different currencies here. The two transactions must be located in different payment accounts so you can show the flow of money from one account to the another. You're done! Your reports will correctly record this as a transfer of funds, rather than an uncategorized income or expense. Click Save and you will notice that the transactions will change from Uncategorized to Transfer To/Transfer From.Locate the line matching the transaction for the other side of this transfer.Select Transfer to Bank, Credit Card, or Loan.Navigate to the Category window and click on the drop-down.You can search for Transactions by amount or description.

You can search for your transactions in Wave by navigating to the Transactions page and selecting Search at the top of the Transactions window. Locate one of the transactions associated with this transfer and click the dropdown arrow to the right to open up the transaction details.

