Wave Online Accounting Course Outline

Course Outline-

Course Outline

Module 1; Introduction to Wave Accounting:

Overview of Wave Accounting software.

Benefits of using Wave for small businesses.

Creating Your Wave Account:

Signing up for a Wave account.

Exploring the dashboard and main features.

Setting Up Your Business Profile:

Adding business information.

Choosing a currency and time zone.

Module 2; Chart of Accounts:

Understanding the chart of accounts.

Adding, editing, and deleting accounts.

Module 3; Recording Financial Transactions

1.Bank and Credit Card Accounts:

Connecting bank and credit card accounts to Wave.

Importing transactions.

2.Categorizing Transactions:

Learning how to categorize income and expenses.

Splitting transactions.

Module 4; Invoicing and Billing:

Creating and sending invoices to clients.

Recording payments and tracking outstanding invoices.

Receipts and Expenses:

Uploading and categorizing receipts.

Managing and tracking business expenses.

Module 5; Financial Reporting and Analysis

1.Generating Financial Statements:

Creating balance sheets and income statements.

Understanding cash flow reports.

Module 6; Sales Tax and VAT:

Setting up and tracking sales tax or VAT.

Generating relevant reports.

Module 7; Bank Reconciliation:

Reconciling bank and credit card accounts.

Identifying and resolving discrepancies.

Module 8; Customizing Reports:

Modifying and customizing reports according to business needs.

Module 9; Payroll and Employee Management:

Overview of Wave's payroll features.

Setting up employee profiles and processing payroll.

Integration with other Tools:

Exploring integration options with payment processors and other business tools.

Module 10; Year-End Procedures:

Preparing for tax season and year-end reporting.

Generating necessary reports for tax filing.