Wave + Auto Dealers: Faster Bank Import
Auto dealerships process floor plan financing, vehicle sales, trade-ins, F&I product income, and manufacturer incentives — requiring complex bank reconciliation. If you use Wave for your accounting, you need a fast way to get bank statement data into the system.
BankScan AI for Auto Dealers Using Wave
BankScan AI converts any bank statement PDF to CSV formatted for direct import into Wave. Convert dealership bank statements to spreadsheets for floor plan reconciliation, sales tracking, and manufacturer incentive verification.
The Auto Dealers + Wave Workflow
Auto dealership controllers reconcile floor plan financing curtailments against vehicle sales, track F&I (Finance and Insurance) product income, verify manufacturer incentive and holdback payments, match customer financing deposits from lenders, and manage trade-in payoffs. Bank statements are reconciled daily against the DMS (Dealer Management System) to ensure all vehicle transactions are properly recorded.
Key terms you'll encounter: floor plan curtailment, deal jacket, holdback, F&I income.
How It Works
Upload any bank statement PDF
Supports all major banks. Saves 3-5 hours per week on floor plan reconciliation and deal funding verification for a dealership selling 100+ vehicles per month
AI formats for Wave
Output as CSV with Date, Description, Amount — Wave supports both single amount column and separate Income/Expense columns — dates in YYYY-MM-DD or MM/DD/YYYY.
Import and reconcile
In Wave, go to Banking > Connected Accounts > Upload a bank statement (CSV). Select the file, map columns to Date, Description, and Amount, then import. Wave's invoicing is tightly coupled with bank imports — when you import a bank deposit, Wave suggests matching it to outstanding invoices automatically.
Supported Banks
BankScan AI works with all major UK and US banks, including:
Wave Features for Auto Dealers
- Wave ready — Output formatted as CSV matching Wave's expected column structure
- Smart integration — Wave's invoicing is tightly coupled with bank imports — when you import a bank deposit, Wave suggests matching it to outstanding invoices automatically.
- Built for Auto Dealers — Saves 3-5 hours per week on floor plan reconciliation and deal funding verification for a dealership selling 100+ vehicles per month
- Software compatible — Output works directly with CDK Global, Reynolds and Reynolds, QuickBooks
Import Steps for Auto Dealers Using Wave
As an auto dealer, here's how to get bank data into Wave:
- In Wave, go to Banking > Connected Accounts > Upload a bank statement (CSV)
- Select the file, map columns to Date, Description, and Amount, then import
Common Import Issues
Wave's free tier has occasional processing delays on large files. Also, Wave uses MM/DD/YYYY by default which conflicts with UK DD/MM/YYYY — select the correct format during import.
Wave Import — Built for Auto Dealers
Completely free with no paid tier for accounting features (monetised through payment processing). Popular with budget-conscious startups and side-hustlers.
Try Free — Wave + Auto Dealers