How are negative settlements sent to Wave?


By Michael Schwartz

updated 25 days ago

Sometimes settlements are sent to Wave with fees and costs being higher than the revenue (negative settlements).

Unlike Xero or QuickBooks, Wave does not allow us to create a Bill via their API. Until they do, we have a workaround.

STEP 1. Find the (bank/credit card) payment transaction you made to Amazon for the settlement period in Accounting > Transactions.

STEP 2. Select Choose a Category and then Refund Sent for an Invoice in Wave.

STEP 3. Choose the invoice sent from taxomate that matches the transaction.

STEP 4. Mark as Reviewed

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