Why is my Wave invoiced total higher than the money I received?
The Wave Accounting help pages give 3 common reasons. The first to rule out: On accrual basis reports, Wave counts an invoice's income before it is paid, so invoiced amounts can run ahead of money received.
Is it broken, or just quiet?
A number can fall because fewer people came, or because something stopped counting them. Below are the causes the Wave Accounting help pages give, and how to check each one yourself.
What causes it?
On accrual basis reports, Wave counts an invoice's income before it is paid, so invoiced amounts can run ahead of money received.
In the Wave Accounting help:
the income from your invoices will be reflected under the income accounts on your accrual basis reports
Invoice bookkeeping, read 2026-11-12.An invoice only shows as paid income once it is marked as paid, so invoiced amounts and money received can differ until then.
In the Wave Accounting help:
Once the invoice is marked as paid it will reflect as paid income on your reports.
Invoice bookkeeping, read 2026-11-12.An invoice that will never be paid is written off as bad debt, so some invoiced amounts are never received.
In the Wave Accounting help:
The direct write-off method accounts for bad debt when an invoiced amount becomes uncollectible.
Write off an invoice, read 2026-11-12.
How do I check it myself?
Look at the aged receivables report to see how much customers still owe, which is often the gap between invoiced and received.
In the Wave Accounting help:
Your Aged Receivables report details how much your customers currently owe you.
View and understand your aged receivables report, read 2026-11-12.Keep in mind that this report counts only unpaid invoices, so an invoice paid in full drops off it.
In the Wave Accounting help:
The Aged Receivables report only takes into account unpaid invoices.
View and understand your aged receivables report, read 2026-11-12.
How would I know the day it starts?
- Feder reads the amount you invoiced in Wave each day and compares each day with your own history.
- It tells you when invoicing goes quiet or moves outside its usual range.
Some numbers are too quiet to judge daily, such as a form filled in a few times a week. Until there is enough of your own history to judge a change, Feder says it is still learning and scores nothing, rather than guessing.
See what Feder reads from Wave Accounting, which feeds Money. Feder only reads. It never changes anything in Wave Accounting.
What else goes wrong with these numbers?
- Why did my Wave invoiced total suddenly jump?Wave Accounting
- Why is my Wave invoiced total lower than expected?Wave Accounting
- Why did Google Analytics stop collecting data?Google Analytics
- Why aren't my key events showing in Google Analytics?Google Analytics
- Why does Google Analytics show (not set)?Google Analytics
See every question.
Where do these answers come from?
Every cause and check on this page comes from the Wave Accounting help pages, quoted above with the date we read them. Last reviewed 2026-11-12. We read them again by 2027-11-12. If one changes, this page changes or comes down.