I recorded the payment in the invoices tab. Then went to the accounting and transactions, when I try to edit the transaction, it's all greyed out saying 'system entries cannot be edited'.
@@SarabjeetSanghera That’s so strange. Are you using a Wave Payments account and posting to that instead of a checking account? I’m not sure without seeing it.
Exactly what I needed, thank you!
You're welcome!
Can you make a video on how to record/deal with sales tax withholding?
What about if the invoice is made in stripe so there is not invoice to use in wave just the deposit from Stripe to the Bank account?
In Wave it could be entered as a deposit that is split between the gross sale (+ amount) and the processing fee (- amount).
How do you keep the sales tax applied to the whole total when deducting the processing fees?
If you put sales tax on the invoice itself, then that would be part of your payment total (the plus + line item of the deposit).
I am not able to edit RECORD PAYMENT transaction.
You have to edit from the Accounting>Transactions screen. Look for the payment there and then edit. I showed it in the video at 1:46.
I recorded the payment in the invoices tab. Then went to the accounting and transactions, when I try to edit the transaction, it's all greyed out saying 'system entries cannot be edited'.
@@SarabjeetSanghera That’s so strange. Are you using a Wave Payments account and posting to that instead of a checking account? I’m not sure without seeing it.
I don't see the drop-down menu to edit more details in the payment transaction.