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Just setting up my accounts list and just wondered if I can move the Wages and Salaries account out of Expenses and into Cost of Sales. When I try to edit, it doesn't seem to allow me as its a locked account.
Solved! Go to Solution.
Within MYOB Essentials, while a user can edit the Wages and Salaries account number and name that account type is locked and changes are not able to be made to that. For example, you are not able to move that across from an expense account to a cost of sales account.
If you are needing to represent those wages as a cost of sales, you would need to record a journal entry after processing your pays to move that account balance to the desired account.