Hello, can you help me by providing instructions on how to change the payment schedule of an employee from monthly to annually? I am using Quickbooks Online.

Let us share details about changing your employee's pay schedule in QuickBooks Online (QBO), mariz-atat.

The option to change the employee's annual payment schedule is unavailable in QBO. Our options are the following:

• Every week (52 times a year)

• Every other week (26 times a year)

• Twice a month (24 times a year)

• Every month (12 times a year)

If you need to update the pay schedule on the available options, you can follow the steps below:

1. Navigate to Payroll, then Employees (Take me there).
2. Select the employee you want to update and edit the Employment details section.
3. Select an existing pay schedule, or select Add pay schedule under the Pay Schedules drop-down menu.
4. To add a new pay schedule, complete the info in the Pay frequency, Next payday, End of next pay period, and Pay schedule name fields. 
5. Press Save.

After creating a new pay schedule, it can be applied to both existing and new employees. For employees sharing the same pay schedule, we’ll need to individually update this setting for each one. Additionally, if you check the "Use this pay schedule as the default for employees you add after this one" box, this pay schedule will be automatically applied to all new employees. You can always modify the pay period for each employee in their respective employee window.

You can check out this article for more details about changing your employees' info in QuickBooks Online Payroll: Edit or change employee info in payroll.

Moreover, you refer to these articles about managing your payroll in the program: 

• Understand supported pay types and deductions in QuickBooks Online Payroll
• Payroll setup: Payroll preferences in QuickBooks Online Payroll
• Payroll taxes and forms in QuickBooks Online

We are always available to assist you with running your employee's paychecks. If you need further help with pay schedules or any QuickBooks-related concerns, please reply to this thread. You have a good one, mariz-atat.