Let me help you from here, Ironmikesharp.
Once you change the account to COGS, it will affect accounting reports like Profit and Loss. Although, it doesn't impact the Payroll Summary report since you're unable to see the affected accounts. That means you don't have to amend something on the payroll reports.
I'll share the article about how to run payroll reports as a future reference.
Feel free to reach out to us if you have other payroll concerns. We're just a post away.
