QuickBooks users, take note! There’s a crucial update regarding the discontinuation of QuickBooks Desktop 2020. As of May 31, 2023, Intuit will cease support for all versions of QuickBooks Desktop 2020, including QuickBooks Desktop Pro, QuickBooks Desktop Premier, QuickBooks Desktop for Mac, and QuickBooks Enterprise Solutions. This blog post aims to provide you with all the essential details you need to know about this policy change and how to navigate the transition.

Discontinuation Timeline

: QuickBooks Desktop

On May 31, 2023, QuickBooks Desktop 2020 will be retired. This means that users will no longer receive live technical support or have access to Intuit services such as desktop Payroll, Desktop Payments, online backup, online banking, and more. It’s important to note that without the latest security patches and updates, your data may be at risk starting from June 1, 2023.

Reasons for Discontinuation

: QuickBooks Desktop

Intuit’s decision to discontinue QuickBooks Desktop 2020 is driven by the need to ensure users are using compliant and up-to-date software. The shift to cloud-based accounting solutions, like QuickBooks Online, allows for better compliance, increased functionality, and easier maintenance of a unified platform for all users.

Transitioning to QuickBooks Online

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To ensure uninterrupted service and access to essential features, QuickBooks recommends transitioning to QuickBooks Online. This cloud-based accounting solution offers increased flexibility, collaboration capabilities, and easy access to your data from anywhere at any time. The transition process can typically be completed in under an hour, but the time may vary depending on the size of your company file.

Moving Your Data

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Moving your data from QuickBooks Desktop to QuickBooks Online involves a few simple steps. You’ll need to export your data, prepare for the migration, and select the appropriate QuickBooks Online subscription plan based on your business needs. While most data should transfer seamlessly, it’s important to note that certain features or reports may not be available in QuickBooks Online, so careful consideration is advised.

Assistance from Emerald

:QuickBooks Desktop

Navigating this transition can be challenging, especially if you have specific requirements or complexities in your accounting processes. Emerald, with its dedicated accounting consultants and extensive experience across various industries, can provide guidance and help you find the ideal solution tailored to your business needs. Their support extends beyond the transition, ensuring smooth integration with other software systems and comprehensive assistance.

Conclusion:

As It reaches its discontinuation date, it’s crucial to take proactive steps to safeguard your accounting operations. Transitioning to QuickBooks Online will ensure continued access to support, security updates, and the latest features. Consulting with professionals like Emerald can further streamline the process and ensure a seamless transition. Stay ahead of the change and make a smooth switch to the cloud-based accounting solution for a more efficient and compliant future.

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