You may have been recently notified that starting May 31, 2023, QuickBooks Desktop 2020 will be discontinued. This means that support services involving critical security updates and live technical support will no longer be available. Any Intuit integrated services will be terminated including payroll, credit card processing and other add-on features. Intuit is trending towards a complete phase-out of the QuickBooks Desktop version within only a few short years.
In lieu of the well-known QuickBooks Desktop version, the newer service offering beginning with the 2022 release is now subscription based. While you can still access and retain all your current data, it may be time to reevaluate your business and accounting needs. A good way to start is by comparing the available features in both QuickBooks Desktop 2023 and QuickBooks Online to what your business requires to run smoothly.
- Both versions of QuickBooks are subscription based
- QuickBooks Desktop receives yearly updates; while QuickBooks Online is updated continually throughout the year
- QuickBooks Desktop is locally installed onto your computer; while QuickBooks Online is cloud-based, allowing access anytime and anywhere the internet is available
These are only a few of the similarities and differences, but there are many more features to compare before making a final choice. Whether you choose QuickBooks Desktop or QuickBooks Online, our team at Tronconi Segarra & Associates is always available to serve as your Intuit resource.
For more information, contact Anna Lavocat, General Ledger Specialist, Tronconi Segarra & Associates LLP, at 716.633.1373 or alavocat@tsacpa.com.
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