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Yes, you can change the pay period(the pay frequency) anytime. The change will apply to the new checks only. It will NOT change the saved checks.

How to edit pay period.
https://www.halfpricesof...re/change-pay-period.asp 

Please feel free to contact us if you still have any questions.

Thank you,
If you have further questions, please contact us directly at services@halfpricesoft.com
Small business payroll & tax software solution
http://www.halfpricesoft.com 
Can I change the pay frequency from monthly to semi-monthly during the calendar year? If so, is all I need to do to change is change the "pay frequency" under the company setup?