Receivable & Payable Account

Configure Product Template to have different Chart of Account, to differentiate between Sale, Subscription, or Service Chart of Account

Setup

Sale Account

Rental Account

Service Account

Result

Invoice Lines with its Account

Journal Items

When posting a Rental Account, pay attention on the Start Date and End Date. As the date can be a next month, and the posted Entries will be a Deferred Posting, which means it will be posted as Miscellaneous, and will not be accounted for this month, until it will be posted next month.