Wave Accounting

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intermediate
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This course is designed for those interested to learn the basics of the WAVE accounting software.

Wave Accounting

$199

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About This Courseintermediate

WAVE Accounting / Bookkeeping software – Computerised Accounts

This course is about how to use WAVE, based on the most popular functions which you as a WAVE operator needs to know how to use, in order to be proficient in using the software.

The learning is structured in a practical way. You are given a practical scenario assignment. There are various tasks to complete. You are given the task to do and have a go at, and then the video answer is available. It is suggested that you:

  • Read the task
  • Watch the video
  • Have a go at it yourself on your own system
  • Rewatch the video (if necessary) – to reinforce the learning

You’ll learn how to set up a Tally accounting system from scratch, how to enter opening balances, post customer invoices and credit notes, post supplier bills and credit notes, pay suppliers, petty cash, prepare a VAT return, reconcile the bank, post journals, run reports amongst over things.

This is a useful course if:

  • You are thinking of working with the software,
  • You are going for jobs which have a requirement for you to be able to use this software
  • You want to put this skill on your CV, or
  • You are a bookkeeper or accountant and will be using this for clients or even
  • You run your own business and want to know how to use WAVE for yourself.

You will need to have access to WAVE. You can sign up to the WAVE site to get a free trial. We give you the link in lecture one and show you how to do this.

The course materials include the handout of the assignment task.

What are the requirements?

  • You will need access to WAVE in order to complete the assignment – but we’ll explain how to get a free trial of the software in lecture 2

What am I going to get from this course?

  • By the end of the course, you will be able to complete various common functions using WAVE
  • In this course you will learn how to:
  • Enter the opening balances
  • Amend the nominal ledger
  • Add new customer and supplier details
  • Post customer invoices and credit notes to the sales ledger
  • Post supplier invoices and credit notes to the purchase ledger
  • Enter the supplier cheques and record the customer receipts
  • Post Petty Cash transactions
  • Prepare the VAT return
  • Reconcile the bank
  • Post the wages journal
  • Post adjustments to the accounts and produce month-end reports

Who is the target audience?

  • Bookkeepers and Accountants who need to increase their skill set
  • Students who are going for jobs where the requirement is working knowledge of Wave Accounting
  • Those who have studied accounting, but want practical knowledge of how to use a popular accounting software which will help them find employment
  • Previous knowledge of accounting is not presumed or required

 

Our Promise to You

By the end of this course, you will have learned how to use the WAVE accounting software.

30 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked.

Get started today and learn more about the WAVE accounting software.

Course Curriculum

Course Sections

Introduction To The Course And Your Tutor

WAVE – Free Trial Sign Up

Customize The System And Set Up Vat Codes

Add Opening Balances – Part 1 – Add Nominal Codes

Add Opening Balances – Part 2

Report Opening Trial Balance

Reverse Opening Balances – Accruals And Prepayments

Reverse The Opening Accrual – Show A Report

Amend The Nominal Ledger

Report Listing The Nominal Ledger

Enter Customers

Customers Report

Create Suppliers

Supplier Report

Post Customer Invoices 1001 – 1002

Post Customer Invoices 1003-1004

Post Customer Invoices 1005 To 1008

Enter Sales Credit Notes

Customer Account Activity

Post Supplier Invoices

Post Supplier Credit Notes

Supplier Account Activity Report

Supplier Payments Report

Receive Customer Payments

Report Customer Receipts

Post Petty Cash Transactions

Post Petty Cash – Report

Petty Cash Expenses

Report On Cash Payments

Post Sundry Payments

Bank Payments Report

VAT Return

Bank Reconciliation

Unreconciled Bank Report

Post The Wages Journal

Wages Journal Report

Month End Adjustment Journals

Run A Report On The Pnl, Balance Sheet And Trial Balance

Recap And Next Steps

What Happens Next?

Reviews

5
1 student review
  1. cathcern says:

    good course
    I like lisa's pace and style of teaching and hope to see her do some more advanced accounting or other topics in finance and accounting that are relevant theory and practice..

About The Instructor

Lisa

Lisa Newton, BA, MSc, FMAAT has a masters degree in Investment Management and a first class honours degree in Accounting with Marketing.