Inventory items and cost of goods sold
If I make a change to an item's link account, I realise this will only change on transactions going forward, previous transactions will not be affected. I wanted to change my cos account and income ...
Hi paulas
I think you have the right idea. Any new transactions will be impacted by that linked account change, previous transactions will use the older accounts.
In terms of orders, when you record an order, be it a sales or purchase, no accounts are affected. It is only until you convert that order into an invoice or a bill that the accounts are impacted. The accounts chosen to record that transaction are the ones that are on the listed item(s) at the time of that conversion. For example if you record an order, update the linked accounts and then convert the order it will use the new linked accounts for that invoice/bill.
