Hello stclairtoronto,
Welcome to Community! I'm saddened to hear that your business will be closing. Ensuring your staff is paid to date, enables you to provide them with the associated forms for their records. I would be happy to provide more information, so you can create final pay cheques for your staff.
QuickBooks Online Payroll enables you to add or use Other Earnings when paying the employee's final paycheck. This item is typically used for other taxable earnings that are separate from regular wages, such as retroactive pay, increases, and severance pay.
Follow these steps to create the pay type:
1- Open to the Payroll tab and select Employees
2- Click on the employee you wish to add the pay type for
3- Scroll down until you see Pay types, click Edit
4- Under Common Pay types, checkmark the box beside + Another Taxable Benefits in Cash type
5. Hit Save or Done.
There are two ways to create a final paycheck in QuickBooks Online Payroll:
Also for your reference, here are some helpful guides;
Change an employee's status and issue an ROE
Prepare and submit T4 slips and T4 Summary
Export reports, lists, and other data from QuickBooks Online
Cancel your QuickBooks Online Subscription
What happens to my data after I cancel
If you have any other questions, please don't hesitate to reach back out. We would be glad to help!
