A lot of business owners have used QuickBooks Desktop over the years where they would purchase a one-time license. That license would last until they decided to purchase a new version. Last year Intuit / QuickBooks announced they are discontinuing the desktop version in the UK starting January 2023. This will force all UK clients to move to QuickBooks Online or to new software. QuickBooks has stated that the discontinuation of the desktop version in the UK is due to business owners using out-of-date and non-compliant software. Here in the states, they are moving to a desktop subscription model.
What do you need to do?
If you are in the UK, you will need to move to QuickBooks Online or move to a QuickBooks alternative software before January 31, 2023. I have read articles that some business owners have attempted to purchase QB Desktop through Ireland and it was working for them. My clients are either moving to the online version or they are using this change to move to more robust accounting software like NetSuite.
If you are in the USA, Desktop will still be around, but moving to a yearly subscription fee. The pricing structure can be confusing and difficult to track down the costs. They still have the three options Pro, Premier, and Enterprise with the option to add on live bank feeds, payroll, users, etc. However, if you keep your current version of the software it will still work but will no longer sync with bank or credit card fees.
How we can help?
If your business is being impacted by this change or you are considering moving to different software, we can help support your business to identify the best solution for your needs.
For more information or to discuss your accounting software options feel free to reach out.