QuickBooks Desktop

has over 5 million users worldwide. However, is QuickBooks Desktop 2020 version phasing out? Aren’t its customers going to be affected in running their businesses? To learn more, continue reading our blog which has every detail you should know about QuickBooks Discontinuation Policy.

When will QuickBooks Desktop Discontinuation occur?

QuickBooks Desktop 2020 version won’t be live anymore after May 31, 2023. It undoubtedly applies to all 2020 versions:

• QuickBooks Enterprise Solutions

  ,

• QuickBooks Desktop Pro

  ,

• QuickBooks Desktop Premier,
• QuickBooks Desktop for Mac.

What does support discontinuation mean?

The QuickBooks software won’t offer access after May 31, 2023.

QuickBooks won’t offer services, including

• Desktop Payroll,
• Desktop Payments,
• Live Technical Support,
• Online Backup, and
• Online Banking.

Additionally, it implies that as of June 1, 2023, QuickBooks users won’t receive essential security updates to protect their data.

Products that this discontinuation will affect include:

• QuickBooks Desktop Pro
• QuickBooks Desktop Premier 2020
• QuickBooks Enterprise Solutions 2020
• QuickBooks Premier Accountant
• QuickBooks Enterprise Accountant 2020
• QuickBooks Desktop for Mac

What can get affected due to QuickBooks discontinuation in detail:

Payroll solutions

Automatic Payroll:

After May 31, 2023, QuickBook Desktop 2020 will no longer offer payroll forms, calculate accurate payroll taxes, or let you email your payroll information. You will lose access to your subscription, and no tax returns will be sent on your behalf.

Payroll Options:

 It’s possible that your paychecks won’t be accurate, and your subscription will be canceled.

Payment Processing

Processing payments:

 You’ll be informed that the service is no longer offered. Through QuickBooks Desktop 2020, You cannot get support in credit card and cheque transactions.

Recurring Payments: 

Your regular payments won’t download into QuickBooks Desktop 2020.

Why is QuickBooks withdrawing the Desktop 2020 version from the service?

According to a statement from QuickBooks, the reason for the termination was that the Desktop platform raised the possibility that users would be running outdated, non-compliant software without important upgrades. It is a clear indication of why using the “cloud” is more important than ever right now.

In today’s increasingly fast-paced corporate environment, you must use accounting software that is both suitably compliant and efficient.

Intuit anticipates that QuickBooks Desktop will soon be completely replaced by QuickBooks Online (QBO). Maintaining a single web-based platform that all users may access is easier than creating numerous products to address varied demands.

The latest edition of QuickBooks is now available as QuickBooks Online.

Would you like to keep using QuickBooks Desktop 2020?

You can, but it might be devastating for you.

Intuit will stop providing live support for QuickBooks Desktop 2020 as a result of the sunsetting process, as we previously informed you. In the event of any malfunctions, you are on your own. In the worst-case situation, moving your data might not be possible. Starting from scratch or manually moving everything are two possibilities that are neither especially pleasant.

Additionally, QuickBooks Desktop 2020 won’t receive any updates containing security patches. As we have explained, it will make your systems more vulnerable. Turning off QBD 2020 is a smart move whether you choose to upgrade your Desktop version or go online.

Now, what should you do?

For a free consultation with one of our experts about the above-mentioned issues, get in touch with Emerald. They will also provide tips and guidance on how to change to a different or better software solution while keeping your present data safe.

How Emerald assist you in overcoming the challenge?

If this development has an impact on your firm, you should carefully consider which solution is appropriate for it. For example, because QuickBooks Online lacks several of the features found in QuickBooks, a seemingly easy switch may not be enough to meet all of your needs.

Our devoted accounting expert team will work closely with you to identify the best option for your particular business’s requirements. It’s because they have a tonne of experience assisting companies of all sizes in a wide range of industries.

Overall, when you install more and more software, it all must work together without issue. In addition, Emerald helps you regardless of your use case, offers full support, and combines ERP software with an accounting system.

What We Do

At Emerald, we provide IT solutions to satisfy the accounting needs of numerous businesses and employed individuals. These IT solutions include hardware and networking services, cloud software such as ERP, CRM, accounting, and HRMS, as well as IT support and services.

We offer our assistance to all business sectors, including those in manufacturing, healthcare, retail, wholesale, and distribution, as well as in the fields of education and agriculture. Along with the software, we also give you access to a one-stop shop for all compliance-related issues and the freedom to manage your accounting process with absolute ease.

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