Month 1: Setting Up & Chart of Accounts

Learn to set up a company in Wave, create a chart of accounts, enter opening balances, and record your first transactions.

• Business setup in Wave

• Customizing the Chart of Accounts

• Recording opening balances

• Entering initial transactions

Month 2: Customer Management & Invoicing

Master the sales cycle from setting up customers to managing payments and handling overdue accounts.

• Customer profile setup

• Creating professional invoices

• Recording payments

• Managing late payments

Month 3: Vendor Management & Expenses

Learn to manage the purchase cycle, from vendor setup to bill payment and recurring expenses.

• Setting up vendors

• Processing bills

• Making payments

• Managing recurring expenses

Month 4: Banking & Reconciliation

Develop skills in banking transaction management, reconciliation, and error correction.

• Recording banking transactions

• Performing bank reconciliation

• Managing credit cards

• Handling banking errors

Month 5: Advanced Topics

Tackle more complex transactions including travel expenses, contractor payments, loan management, and inventory tracking.

• Processing travel expenses

• Managing contractors and 1099s

• Setting up loans and interest

• Basic inventory management

Month 6: Reporting & Year-End

Learn to generate and interpret financial statements, prepare for tax time, and make year-end adjustments.

• Creating financial reports

• Tax preparation basics

• Year-end adjusting entries

• Final project: Complete financial package