Is there a pay schedule for employees paid monthly on the last Friday of the month for that current month, not the last day of the month but the last Friday of the month?

I’ll help you right away with modifying schedule pay periods in QuickBooks Online Payroll, @tchappell. 

Changing your payroll period depends on the payroll product you’re using. To start, let’s ensure we reassign your employees to a new pay schedule. You can then begin editing the pay schedule.

Please take note that this will be your pay schedule moving forward. This means you don’t have to change it manually every month. 

If you have QuickBooks Online Payroll Enhanced, follow the steps below:

1. Go to Gear icon and select Payroll Settings.
2. On the Payroll and Services section, select Pay Schedules.
3. Click Edit next to the pay schedule you want to edit.
4. Update the pay schedule to Monthly and click OK.

If you’re using QuickBooks Online Payroll Full Service, Core, Premium, or Elite, proceed to the instructions below:

1. On the left pane, select the Payroll menu and click the Employees tab.
2. Select the employee's name and click Edit employee.
3. Click the drop-down list for How often do you pay [employee]?.From there, choose the pay schedule.
4. Choose between creating a new pay schedule or this will be updated for all employees listed.
5. Hit OK, then tap Done.

You’ll need to repeat the process for other employees as well. See this article for more information about assigning pay schedules to them according to payroll service you have: Manage Payroll Schedules.

Once everything is settled, you can now create paychecks for your employees using their updated pay schedules. This way, you'll be able to report their payroll and tax info to the appropriate agencies timely. 

I've added this article to help you obtain relevant information about your company and its employees: Run payroll reports. This includes the steps on how to customize and print reports.

You can always get back here if you have follow-up questions regarding the process or any other payroll concerns. I'll be here to help you. Stay safe.