Director requires an annual payrun to offset directors loan-is this possible in QBO? There are only monthly/weekly payrun options..

In QuickBooks Online Payroll (QBOP), there are only three pay frequency options available: weekly, fortnightly, and monthly, Leveena.

QuickBooks currently doesn't support annual pay runs. However, you can create a journal entry or enter a deduction to a pay run to offset the director's loan as an alternative.

If you want to enter a journal entry, we recommend consulting your accountant before proceeding to ensure the accuracy of your financial data and proper compliance.

If you prefer to add a deduction to a pay run, you'll need to set up a deduction category for the director. Here's how: 

1. Go to Payroll, then select the employee you wish to add the deduction to.
2. Select Pay Run Inclusions from the left-hand menu, then click the Add button next to Deductions. 
3. Choose the Deduction Type and Amount.
4. Select the method This deduction should be paid.
5. Enter any other relevant fields (including start and end dates), then select Save.

For more details about payroll deductions, please see this article: Set up employee deductions.

If you have further questions, please don't hesitate to let us know in the comments section below.