Can I make one time payment to employee who was terminated last year?

Yes, Avenue, you can make a payment to a terminated employee in the previous year.

First, let's change the status of the terminated employee in QuickBooks so that you can create a paycheque.

Here are the steps to follow:

1. Head to the Payroll menu, then Employees.
2. Change the filter from Active Employees to All Employees for the terminated worker appears on the list.
3. Select the name of the employee, then click on the Actions dropdown.
4. Choose Change Status and set it to Active.

After completing this process, you can start creating your paycheque.

If you need detailed guidance on creating the unscheduled payroll or require more information on how this impacts your forms, I recommend reaching out to our live payroll experts. 

Regarding your second concern, a T4 slip is still required even if the employee is inactive or terminated, provided you have paid them $500 or more during the calendar year.

If this applies to your situation, you will have to prepare a T4 slip for that payment in the current year for tax purposes. I still recommend consulting a tax professional for further advice to ensure compliance.

For future reference, you can generate a Record of Employment as a document when an employee leaves your organization, whether through termination, resignation, or layoff. 

We're here to provide assistance to ensure you have all the resources you need. Please don't hesitate to reach out if you have further questions.