What report does a tax accountant require from Wave for bookkeeping to work with “reconciled statements”?

In Wave for Bookkeeping, a tax accountant would need the “Reconciliation Report” or “Reconciliation Summary.” This report provides a detailed account of how your transactions align with your bank statements and ensures that all data entered into Wave matches the actual bank data. To facilitate the process for the tax accountant, make sure all expenses and incomes are properly categorized and any discrepancies between Wave and the bank statements have been resolved. This report is crucial as it verifies the accuracy of recorded financial transactions, which is essential for preparing correct and compliant tax returns. Additionally, having reconciled accounts ensures that the company’s balance sheet reflects accurate cash balances, making it easier for accountants to carry out their tax-related duties efficiently.