According to the latest update of Intuit, the QuickBooks 2020 End of life Edition will be discontinued after May 21, 2023. It means that after the discontinuation, you won’t be able to utilize the add-on features of the QuickBooks Desktop software. Moreover, you won’t be able to utilize the 2020 versions of QuickBooks Desktop Pro, Premier, Enterprise Solutions, and Accountant Edition 2020.
Furthermore, continue reading this post to gain the in-depth information about QuickBooks 2020 End of life.
Want to gather more details about the QuickBooks 2020 end of life? Give us a call at the @+1-844-508-2335 and consult with our professionals to get all answers to your queries within no time.
When Will be the QuickBooks 2020 Going To Discontinue?
From the 1st of June 2023, the users won’t be able to utilize the QuickBooks Desktop 2020 and will known as the older version. Moreover, the users won’t be able to utilize the following services, which are as follows.
- Live Technical Support Facility
- Online Banking
- QuickBooks Desktop Payroll Services
- Other Services offered through QuickBooks Desktop 2020
- Online Backup
Above all of this, the discontinuation policy also indicates that the user won’t be able to receive the recently launched security patches and updates.
Products That Will be Hampered After the QuickBooks 2020 End of Life
Go through the following list of products that will be affected by Intuit after the 31st of May, 2023.
- QuickBooks Enterprise Solution 2020
- QuickBooks Enterprise Accountant 2020
- QuickBooks Premier Accountant Edition 2020
- QuickBooks Desktop Pro 2020
- QuickBooks Desktop Premier 2020 Contractor, Non-Profit, General Business, Manufacturing & Wholesale, Retail, and Professional Services).
List The Services That Are Being Affected By the Discontinuation of QuickBooks 2020
Here, we have listed some of the services that the users won’t be able to utilize after the discontinuation of the QuickBooks Desktop 2020.
Payroll Services:-
After the QuickBooks 2020 End of Life, the users won’t be able to access the following payroll services.
Assisted Payroll:-
The QuickBooks Desktop 2020 edition users cannot automatically calculate the appropriate payroll taxes. Moreover, you won’t be able to access the payroll forms and won’t be able to send the payroll data. Apart from this, your subscription will get deactivated, and it can’t file the tax on your behalf.
QuickBooks Workforce or View My Paycheck:-
If you won’t have an active payroll subscription and the supported QuickBooks Enterprise Gold 2023 version, you won’t be able to utilize the QuickBooks Workforce.
Workers Comp Payment Service:-
Moreover, you won’t be able to process the Workers Comp Payment service without a QuickBooks Desktop 2023 subscription.
Basic, Standard, or Enhanced Payroll:-
The users have to face issues of inappropriate paychecks due to deactivated subscriptions and zero updates.
Besides this, these payroll services won’t be used anymore without upgrading to the QuickBooks Premier Non-Profit Edition 2023.
Credit Card Processing:-
Below is the list of credit card processing services you can’t use with the QuickBooks 2020 end of life.
Payment Processing:
With the upgrade of QuickBooks Premier Edition 2023, the users fail to process the credit card and check transactions via QuickBooks Desktop 2020. As a result, you will receive a notification related to the service being unavailable. Also, it will represent the instructions for processing credit cards and checking transactions outside QuickBooks.
Merchant Service Deposit (reconciliation):-
The users won’t be able to download credit cards. Also, they can’t verify the details of the product after 31st May 2023.
E-Voice:-
E-Voice is known as the email of the invoice, along with the payment link enabled. But you won’t be able to use this feature after 31st May 2023. You must require the supported version of QuickBooks Manufacturing and Wholesale 2023 and the active payment subscription to run the service.
Recurring Payments:-
You won’t be able to download the recurring payments in QuickBooks 2020.
Other Services:-
You won’t be able to utilize several other services after the discontinuation of QuickBooks Desktop 2020. We have given some of the
Accountant Copy Transfer Service:-
The users won’t be able to send accountant copies in QuickBooks Desktop after the discontinuation policy.
Online Banking:-
The users of QuickBooks 2020 Pro won’t be able to download the transactions, transfer online payments, etc. You will receive an error message on your computer screen whenever you perform any of these activities.
Contributed Reports:-
You are no longer liable to access this feature on your device.
QuickBooks Time:-
The users fail to utilize QuickBooks Time within the QuickBooks Desktop 2020 edition. As a result, you won’t be able to sync QuickBooks Time Data with the QuickBooks Desktop Premier 2023.
What Should Be Done After the QuickBooks 2020 End of Life?
- The users must transfer to QuickBooks Online and get a smooth accounting experience. You can also access the QBO features like automatic bank account updates, remote access to the accounts, etc.
- You must verify the QuickBooks Desktop 2023 release date and shift to QBO if the add-on services of QBDT got suspended after May 31, 2023.
- Switching to QuickBooks Online will occupy less than 1 hour. However, the time taken for transferring the files mainly depends on the file size.
Wrapping It Up!!
With this, we end this post and hope you have gained enough information related to QuickBooks 2020 end of life. However, if you require more details, you can consult with our professionals anytime through the live chat facility. Otherwise, you may also send the mail to our GoTaxation experts and get the simple resolution methods to overcome the error instantly.
