QuickBooks is an excellent accounting and bookkeeping software, and we all know this. Its latest features and tech-advanced tools are superior to tackling all the complicated accounting issues and tasks. Business people and accounting professionals are highly dependent on this accounting software. However, what if this QuickBooks software discontinues offering you such comfort and support? These days, QuickBooks users are having queries about the “QuickBooks 2020 end of life.” Now you must ask why it’s a hot topic in the town.

So, it’s because, Intuit has declared that from May 31, 2023, the QuickBooks 2020 application version will become outdated. So, to look into the whole matter, let’s throw some light on this blog post. In this blog post, we would like to explain the discontinuation of the services after QuickBooks 2020 end of life.

Do you need professional advice and support regarding this issue? You can contact our team at 1-(855)-856-0042 to learn everything about the upcoming turn-in QuickBooks version 2020. Call us today!

Table of Contents

How Problematic Would This Discontinuation Be?

We all know that QuickBooks is an accounting application programmed and designed for all-sized businesses. The application package is developed, designed, and promoted by Intuit Inc. It is prominently recognized for offering on-premises and advanced cloud-based accounting programs.

The software handles bills, payments, and online banking transactions, accepts business accounting operations, and manages complicated payroll functions. However, if the software is going to end or discontinue its services, it’s more than a nightmare for QuickBooks users.

QuickBooks Desktop software 2020 will be an obsolete version for its users. This discontinuation will impact all the versions, including Desktop Premier, QuickBooks Enterprise Solutions v20, and Pro. If you are not utilizing any “Add-on” service, your QuickBooks Desktop application will work fine. Still, you will not have the advantage of using live technical support service and other additional services of the QuickBooks application, including newly updated security tools, updates, and features. In addition, QuickBooks Desktop software for Windows users will discontinue further services.

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What does it Mean by QuickBooks Service Discontinuation?

As per the official call by Intuit, every QuickBooks Desktop version will stop receiving support after three years. The user’s access to live support, QB Desktop payroll application services, online banking, online backup, and other QuickBooks Desktop 2020 software services will no longer work after May 31, 2023.

This indicates that users won’t receive integral security updates from June 1, 2023. That’s why it’s strongly recommended to get any of the security updates before this declared date.

The services mentioned below are some notable services that QuickBooks users can no longer avail of after QuickBooks version 2020 ends of life. So let’s have a look!

QuickBooks Online Backup Service: This service allows users to recover their data and keep it safe from loss during any technical troubleshooting process.
Payroll Service: QuickBooks payroll allows users to maintain payroll tax tables, employee salaries, and other related services.
Technical Support: QuickBooks error support and technical assistance are beneficial for users whenever they find themself in trouble.
Data Service Support: The data assistance or support service is again an upper hand for the users when they face company data issues.
No Updates and Security Reminders for Users: As a QuickBooks user, you must know all the updates and security patches. However, the QuickBooks 2020 end-of-life will stop sending updates and security reminders to the users.
Payments Services: With QuickBooks software, users easily maintain their payment and accounting operations. That’s why the discontinuation of payment services will going to get users into a problem.
Time Sheet Service: The time sheet service is a helpful service that maintains daily accounting tasks.
Mobile Sync Feature: This feature allows users to access software and its tools with complete mobile synchronization.
Intuit Store Exchange Service: This service of Store Exchange transfers the data between the user’s Headquarters and their Remote Stores.
QuickBooks Accountant Copy Transfer Service: The service that can transfer QuickBooks accountant copies in the software will end.
QuickBooks Daily Reports: QuickBooks Desktop will no longer support maintaining your daily QuickBooks Contributed Reports after QuickBooks 2020 discontinuation.
Online Banking: The ability and comfort to download online transactions and transfer online payments won’t work after discontinuation. You may get error issues such as “QuickBooks Desktop is unable to verify the Financial Institution Information for this Download” if you try to download these online transactions. Along with this, you will also fail to upload online transactions via the QuickBooks Desktop software.

Actions To Take Against QuickBooks 2020 Service Discontinuation

If you’re worried about QuickBooks 2020 discontinuation and looking for solutions or measures to tackle this problem, we have jotted down some of the best ways. Take a look and try to avoid issues related to the discontinuation.

Step 1: Switch to QuickBooks Desktop 2023 Edition

Moving the QuickBooks 2020 version to 2023 is a flawless procedure. With this migration, you can tackle the discontinuation of the QB 2020 version. So let’s look at what you should consider while executing this procedure.

Step 2: Get Your Company Data Files Ready for QuickBooks 2022 or 2023 Versions

In this step, you must prepare your QuickBooks company data file to update the QuickBooks Desktop 2023 software.
First, open your QuickBooks Desktop software and click the File Tab. Continue to tap the Next button and then choose “Utilities.”
Now, in this step, you must select the Rebuild Data option. After this step, you are required to select the QB company file.
Continue with the on-screen step and then click on the Run option.

Step 3: Upgrade Your QuickBooks Company Data File for QuickBooks 2022 or 2023 Software Version

When you open your QuickBooks company file for the first time in the latest or an upgraded version of QuickBooks, it will prompt you to update the company file. Updating the company file in QuickBooks is recommended once you have installed the newer one. Otherwise, you will fail to access your company file in the updated version of the software.

Step 4: Ensure Checking if the Company File is Opening without Interruptions

First, open the updated and latest released version of QuickBooks Desktop. If you don’t have a company file already opened in it, select the Open or Restore Company option.
Also, you can select the Open or Restore Company option from the File tab. Now, after selecting the Open a company file option, you can also choose the Restore option to recover a backup copy.
If you have a backup company file instead of a QuickBooks company data file, then browse your company data files on your computer system. Finally, click on the Open button.

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What QuickBooks Products will get Affected after QuickBooks 2020 End of Support?

The QuickBooks products mentioned below will be affected by the discontinuation of QuickBooks Desktop 2020.

QuickBooks Pro 2020
QuickBooks Premier 2020 – This software is used by Manufacturing, Contractor, Non-profit, General Business, Wholesale, and Retail Services professionals.
QuickBooks Premier Accountant 2020 version
QuickBooks Desktop Mac 2020
QuickBooks Enterprise Software 2020
QuickBooks Enterprise Accountant Version 2020

Final Thoughts!

A fresh push with different and new accounting software may feel scary or tiresome, but it could help you maintain your daily productivity. So, it’s better to be prepared with all the updates and installations required to save you and your business from the turning point of QuickBooks 2020 end of life. You can also take help from our QuickBooks experts to investigate this matter. Call us at 1-(855)-856-0042 Now.

We love fixing issues and helping professionals find the best solutions to QuickBooks queries! Just speak to one of our QuickBooks specialists; you can contact our team anytime. We are available 24*7 with our latest QuickBooks strategies. We understand how these turning points can trouble you when entirely dependent on QuickBooks software. So, let us help you in managing such unexpected announcements by Intuit.

Erica watson

Erica Watson is writing about accounting and bookkeeping for over 7+ years, making even the difficult technical topics easy to understand. She is skilled at creating content about popular accounting and tax softwares such as QuickBooks, Sage, Xero, Quicken, etc. Erica’s knowledge of such softwares allows her to create articles and guides that are both informative and easy to follow. Her writing builds trust with readers, thanks to her ability to explain things clearly while showing a real understanding of the industry.

What Is QuickBooks 2020 End of Life? Explained