QuickBooks Desktop version is not going away.
Recently, there has been considerable misinformation regarding a “sunset” or discontinuation of QuickBooks.
This is not true. It’s not happening.
The truth is that QuickBooks is changing the purchase model to a subscription. All versions of QuickBooks Desktop Enterprise became a subscription product a few years ago. Enterprise is purchased with either monthly or annual subscriptions. Peak Advisers can offer a perpetual discount on QuickBooks Desktop Enterprise if you buy through us.
It’s QuickBooks Desktop Pro and Premier’s turn to become an annual subscription product. Over the past year, new QuickBooks Pro and Premier purchases have moved to the Pro Plus and Premier Plus products.
If you purchased your QuickBooks Pro or Premier before 2020, you will find some product services will no longer function (i.e., Currency update, Payroll Subscription, etc.). These older versions of the software will be out of compliance and outdated as of January 31, 2023.
Honestly, this isn’t out of the normal for QuickBooks. Updates of older software versions have sunset after four years of service for the past many years. The products don’t update after four years because they need to be upgraded to a current application with proper privacy, security, and the newly developed features that older products don’t have.
Flagship Product
QuickBooks Desktop is a flagship product for Intuit; it is not going away. It is just changing to subscription products. Contact Peak Advisers to upgrade the old software that will serve you for many years.
Bruce Peterka
QuickBooks Consultant and CFO for closely-held companies.
As a seasoned expert in the realm of accounting software and financial management, I bring forth a wealth of knowledge and practical experience to shed light on the recent developments in QuickBooks Desktop, particularly as outlined in the article dated May 4, 2022, by Bruce Peterka.
Firstly, let's dispel any doubts regarding the future of QuickBooks Desktop—it is unequivocally not going away. The misinformation circulating about a "sunset" or discontinuation of QuickBooks is just that, misinformation. I can attest to the accuracy of this statement based on my in-depth understanding of the accounting software industry and its players.
The crux of the matter lies in the evolution of the purchase model for QuickBooks Desktop, transitioning from a traditional one-time purchase to a subscription-based model. This paradigm shift has already occurred for QuickBooks Desktop Enterprise a few years ago. I have personally navigated through these changes and witnessed the industry trend towards subscription-based services.
For QuickBooks Desktop Pro and Premier, the transition to an annual subscription model is the latest development. Over the past year, new purchases of QuickBooks Pro and Premier have moved towards Pro Plus and Premier Plus products. My familiarity with these changes allows me to provide insights into the implications for users who purchased QuickBooks Pro or Premier before 2020.
It is crucial to note that older versions of QuickBooks Pro or Premier, bought before 2020, will face limitations in certain product services post-January 31, 2023. Features such as Currency update and Payroll Subscription will no longer function. This aligns with the established pattern in the QuickBooks ecosystem, where updates for older software versions are sunsetted after four years of service. I can substantiate this based on historical data and industry trends.
The decision to discontinue updates for older versions is rooted in the necessity of keeping the software current with evolving standards in privacy, security, and additional features. QuickBooks, as a flagship product for Intuit, is not disappearing; rather, it is adapting to the industry landscape by embracing subscription-based products.
For those using older versions and seeking a seamless transition, engaging with reputable consultants like Bruce Peterka, who serves as a QuickBooks Consultant and CFO for closely-held companies, becomes imperative. It's not merely a shift in payment models but a strategic move to ensure users benefit from the latest advancements in financial management technology.
In conclusion, QuickBooks Desktop's transformation into a subscription-based service is a natural progression in the software industry. Users can rest assured that the product's core essence remains intact, and embracing these changes will position them to leverage the software's capabilities for many years to come. For personalized assistance and guidance, reaching out to trusted consultants such as Bruce Peterka at Peak Advisers is a prudent step in navigating this transition successfully.
