I need to move Payroll Expense back to an expense account...
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I'm new at my company. The previous person moved payroll expense to Cost of goods sold. Why, I don't know. If I just edit the account to be an expense will that be ok, or will it mess everything up?
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Answer
No, it won't mess anything up. You can just change the type of account from cogs to expense. (Some clients like to have some of the payroll expenses as part of cogs for the payroll that is for the plant employees. To do this you would want to have two separate payroll items, one for the gross for plant employees and the other for office employees. You would then choose the payroll item for the plant employees when you are paying one of the plant employees and be sure to choose the regular payroll item when paying office employees.)
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Solved!
If you have an account called "Payroll" which type is COGS and another account called "Payroll" which type is Expense and you change the type of "P" from COGS to Expense, QB might ask you if you want to merge the accounts.
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I just actually found out that there is an payroll expense account under expenses and there are transactions in both the one under COGS and the one under Expenses. I want them all under expenses.
Do I just manually edit the transactions under COGS to the existing Payroll Expense account, is there a way to magically merge the two accounts?