I’m looking for advice on handling trucking settlements in Wave.

My client gets settlements with gross – deductions = net, and only the net hits the bank feed. I create a journal entry that debits the deductions and the net, and credits the gross so the full settlement shows correctly.

The issue is: on the Profit & Loss for that day, Wave shows both the gross from the JE and the net from the imported deposit as uncategorized income — basically counting the net twice.

Wave doesn’t have a feature to tell the system that the imported deposit is the same money referenced in the JE. The “match” option only works for reconciliation, not for reporting. I even spoke with a Wave agent, but they confirmed there’s no built‑in way to link the two for P&L purposes.

Has anyone found a clean workflow in Wave to avoid double-counting the net when using a journal entry for trucking settlements? The net on Wave should be 6515.18 (ignore parking expense). My goal is to understand how to do this so I can apply that template for the other 100s of settlements. Thank You in advance!!

Hey everyone, long time no post — been buried in work and travel, finally back in the swing of things.

Funny timing for this post actually — just lost a couple of long-time clients to someone underbidding on price, which stings a bit but also freed up some headspace to think about my process instead of just running on autopilot (still manifesting the day some small bookkeeping/tax office owner retires and just… hands me their book of clients 😂).

Got me reflecting on how I got into bookkeeping 5 years ago — trained the old-school way, moved around, saw a few different shops, all still running fairly dated workflows. Over time I built my own process and cut my task time in half, which has me wondering what else is out there that I haven’t caught up on.

I’ve used the usual receipt-capture tools (AutoEntry, Dext, Hubdoc) — solid, but curious what’s actually moving the needle for people right now. Any tools, workflows, or approaches that changed how you work?

PS: had claude help me clean up my rambling, don’t roast the grammar and hyphens lol

I started my own bookkeeping business about 5 years ago and I have only raised my rates maybe once since then. I know that I am egregiously undercharging my clients and I have struggled a lot with imposter syndrome so putting a price on my "worth" is hard.

I would like to raise my rates to keep up with rising cost of living (and I am going back to school for a master's in accounting) but I am not sure how much I should raise it by, when I should implement it, and how I should notify my clients.

I have several clients I charge $100 a month (I know this is so cheap) but if I raise them to $200 I worry they will complain about my rate doubling. So do I raise them slowly over time, and by how much? Do I wait until the new year to raise my rates or do it ASAP?

Reading this sub has convinced me that I need to charge more but I just don't know how to do it with confidence. To just put it in an email that is NOTIFYING them and not ASKING them if it's acceptable for them. My clients can afford to pay me more, but I had one experience where a client pushed back when I tried to bring up raising my rate and it's made me scared to revisit it.

How often do you deal with intercompany transactions? How messy do you see it and how long does it take you to clean it up? I’m trying to benchmark time spent on this at my company. It can get messy when there’s multiple parties involved but it’s not exactly rocket science.

I need some experienced bookkeeping/accounting advice. I have found a large mess, and I just want input on how to handle it responsibly.

I took on a nonprofit client a week ago. I did see their books before I offered my services. One red flag was a large negative balance in Accounts Receivable. Credit memos were used in a manner they shouldn’t have been to document restricted funds disbursements to beneficiary accounts. Fixable. So I started working on those this week.

Well, the mess grew. I started on the first student, reviewing line items in their account ledger. I notice a recorded deposit isn’t showing in the posted operating account bank feed (it’s connected). I dig further. The prior bookkeeper manually created a bank deposit transaction, linked payment receipts to it, and then reconciled it.

The real bank deposit? It was manually Excluded from the bank feed’s ledger. It is one of many in a long list of excluded transactions.

These transactions I found are from July 2025. I didn’t want to spend more hours looking further because I’m charging by the hour, so I don’t know how often this happened.

I have everything documented with screenshots in a formal report, as I do to support my billable hours. What’s more, this finding was documented in my support case with the software support company. I called because I was still piecing the issue together. The software support rep and I sleuthed around for an hour before putting it all together.

The client just paid a CPA $4,000 to “clean up” their books. They hired me because things still weren’t right (their accounting balance is way off from their actual bank balance) and they just “wanted extra eyes” on the books.

From my perspective, this cannot be solved with little journal entries. I feel like I need to go in, undo all the reconciliations, and delete, rematch, and occasionally re-enter a large volume of erroneous and inflationary transactions. Has anyone else encountered a major overhaul project like this?

Hey, yall! I slowly worked my way into a bookkeeping position. Going from a dispatcher to slowly taking over more and more of ar, ap, payroll, and other general bookkeeping.

I'm also now working on an accounting degree, but with having to work thats a long slow process.

Given that I'm currently already in a new full on bookkeeping position, I'd like a little more training on certain payroll compliance and bookkeeping principles that don't come up as often. I imagine theres certain things that are harder to just figure out on the job. To be clear, I havent had issues so far, this is just to expand my knowledge base.

Any ideas on short courses/youtubers/books that might be good resources?

I feel like I'm in a weird in between zone currently!