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Intuit has officially announced that it will discontinue QuickBooks 2018, i.e. the software will no longer receive critical security updates and not work with Intuit-provided addons. AccountsPro explores more about what QuickBooks 2018 Discontinuation will mean for you. Also, it’s very easy to go for QuickBooks Desktop 2021 Upgrade including Pro, Premier, Enterprise, Contractor, Retail, Professional Services, Wholesale, and Business Edition.
Check out complete guide QuickBooks 2018 To QuickBooks 2021 Upgrade process, including data conversion, migration and company file.
QuickBooks 2018 will be discontinued from May 31, 2021. After this date, Intuit won’t provide services for the software, but however, you can continue using this software on your system. According to Intuit QB Discontinuation Policy, each QuickBooks desktop edition will retire after 3 years which means Intuit will stop product updates and technical support after three years.
Do you know when you switched to QuickBooks Cloud Hosting, you will get upgraded and update automatically, hence you no need to worry about QB desktop has been expired warning.
Yes. The software will stay active on your system. But you won’t have access to the latest updates after the discontinuation goes into effect. Moreover, add-on services provided by Intuit won’t work with QuickBooks 2018 after discontinuation.
If you don’t use any of the add-on services provided by Intuit, then you can stick with QuickBooks 2018, otherwise upgrading the software is a better option. Sometimes QuickBooks works for more than 3 years without any issues and QuickBooks Errors and users can manage accounting, effectively. Most of the time users don’t know about the expiry and they still use QB expired edition, but there are chances of wrong tax calculation and balance sheet mismatch issues.
Users also get issues when they try to send Payroll or generate reports. There is a sudden crash, stops responding, keeps freezing, it takes a long time to respond or nothing happens while clicking the QB desktop start button are symptoms that QuickBooks Desktop has expired. It’s advisable to upgrade QB after expiration otherwise if you are too late then it is very difficult to convert very old QB data to the latest QB edition.
Some users, disabled QB notifications blocked pop-ups, or ignored warning messages, later they will not be able to use QB or to move data to the new system while upgrading. Another situation arises when the QB is hosted on the server and the Workstation won’t receive any notification.
Below, we’ve provided all of the major services that will no longer work with QuickBooks 2018 after discontinuation.
However, if you want to continue using the online backup service provided by Intuit, then you need to upgrade to QuickBooks 2018.
Which Version Should You Upgrade to?
The best version would be QuickBooks Desktop 2021. The services will work for the next three years, so it would be worth your investment. Further, many new features geared towards increasing productivity and collaboration are provided within the new software. If you’re planning to upgrade, then you can do so from within the software or download and install the latest version. Get all about QuickBooks Desktop 2021 New Advance Features so you must have to go for it!
To upgrade QuickBooks 2018, follow the steps provided below:
Note: It is always better to back up QuickBooks company files before you upgrade the software. The steps to back the company file are provided below:
Wait for the backup process to complete. It can take longer if you have a huge company file. If you want to back up your payroll forms, then you can simply export them from QuickBooks. If you only want the essential accounting data in QuickBooks 2021, then create a portable company file using QuickBooks 2018.
Yes, the software will continue to work on your desktop even after it is discontinued. If you don’t need critical security updates and don’t use add-on services provided by Intuit, then you don’t need to upgrade your accounting software.
When you import the company file into QuickBooks Desktop 2021, it will automatically be updated by the software. However, downgrading the company file is impossible. This is why we recommend that you create a backup copy before opening the company file with the upgraded software. Learn how to go for QuickBooks Enterprise Upgrade 2021.
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