GL Accounts for Invoiced Orders

When you invoice an order, the following GL accounts are normally affected:

Cost of Goods Sold (Debit)
Inventory (Credit)

Accounts Receivable (Debit)
Sales (Credit)

When the invoice is paid, Accounts Receivable (Credit) and the Payment Method (Debit) accounts are affected.

You can adjust the Cost of Goods Sold, Sales, and Inventory accounts that are used by editing individual items (Inventory -> Items, select an item, then see the General Ledger section). You can also set default accounts per inventory category by going to Admin -> Inventory -> Item Categories.

To change the default Accounts Receivable account, go to Admin -> Billing -> General Setup and adjust the field labeled Receivables.