Payroll - One Paycheck for Year

Hello there, Kat73.

I'd like to share an idea about the pay schedule in QuickBooks Online Payroll.

Currently, the supported pay schedule in QuickBooks Online are weekly, bi-weekly, semi-monthly, and monthly. That said, we don't have an option to process a annual paycheck.

As a workaround to process one payroll check for this year, you can set up an use a Commission pay type.

To set up the pay type:

1. Go to the Payroll menu.
2. Choose Employees, then click the name of the employee.
3. Tap the Edit ✎ icon next to Pay.
4. In the How much do you pay employee section, select the small arrow ▼ icon and choose Commission Only.
5. Click on Done.

Once done, you can now start running payroll. Here's a link to guide you in the process.

I'm adding this article to help you wrap up this year's payroll and prepare for the next: Year-end checklist for QuickBooks Online Payroll.

Please let me know if you still have other question about payroll. I'll keep an eye on your response. Have a great weekend!