Manage your default Ledger Accounts from this page.

Default Ledger Accounts are a convenience setting. They pre-populate form fields in specific places to save the effort of re-selecting the same account every time.

On any form you can always opt to select a different account.


Below is a list of fields and the locations in which they are used


  • Accounts Receivable - Invoice Create/Edit - AR Account
  • Invoice Line Item - Invoice Create/Edit - Line Item Ledger Account for description line items
  • Credit Memo - Deprecated


  • Bill Line Item - Items Create/Edit - Bill Line Item Account
  • Invoice Line Item - Item Create/Edit - Invoice Line Item Account
  • Inventory Asset - Item Create/Edit - Inventory Asset Account
  • Cost of Goods Sold - Item Create/Edit - COGS Account
  • Work in Process - Used for debit side of work in process journals.


  • Accounts Payable - Bill Create/Edit - AP Account

Cash Receipts

  • Create Cash Receipt - Cash Receipt Create/Edit - Ledger Account
  • Unapplied Cash - Cash Receipt Create/Edit - Unapplied Cash Account

Vendor Credits

  • Unapplied Credit - Vendor Credit Create/Edit - Unapplied Credit Account

Purchase Orders

  • Inventory Accrual - PO Create/Edit - Inventory Accrual Account


  • AP Intercompany Payable - Bill Create/Edit - AP Intercompany Payable Account
  • AP Intercompany Receivable - Bill Create/Edit - AP Intercompany Receivable Account
  • AR Intercompany Payable - Invoice Create/Edit - AR Intercompany Payable Account
  • AR Intercompany Receivable - Invoice Create/Edit - AR Intercompany Receivable Account

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