Note: If you’re on annual plan and want to switch to monthly, the option to change the billing cycle won't show until within 30 days from your annual billing date. And, to be eligible for refund, your annual subscription also must be within 60 days from purchase date.
Select the Gear icon at the top, then Account and Settings (or Company Settings).
Select Billing and Subscription. To edit subscription preferences, you have to be an Admin or a Custom User with access to Subscription and Billing.
In the Plan details section, select Switch to annual billing (or Switch to monthly billing). Reminder: If you decide to add packages to your annual subscription, we’ll prorate the fee for the remainder of the year.
Select Switch, then Done. You'll receive an email confirming your switch and detailing the charge.
Have Payroll too? QuickBooks Online Payroll bills monthly for each active employee and any additional states you run payroll for. This is on top of the regular monthly subscription fee. For this reason, annual billing is not an option for Online Payroll.