Hello there, Jurgenk. Let me outline what happens when you downgrade from QuickBooks Online Plus to QuickBooks Online Essentials, including the functions you lose access to and whether you will lose any data.
Features exclusive to QBO Plus (like inventory tracking, project management, or class/location tracking, bill approval workflow, and budgeting) will no longer be available in QBO Essentials, and you won’t be able to add new information in those areas.
Existing inventory and class/location data will remain stored as read-only or inactive, and you won’t be able to manage or track new data in these areas.
Some advanced reports and budgets you created in QBO Plus may not be editable or fully accessible in QBO Essentials; however, you can still view historical data.
Additionally, existing data will not be deleted when downgrading your plan. All historical transactions, lists (including customers, vendors, and products/services), and previous reports remain intact.
For more information, visit this page to view the features comparison and AI-powered assistance available in QuickBooks Online Essential versus QuickBooks Online Plus. QBO Plans and Pricing.
We are always here to provide more insights regarding your QBO-related concerns, Jurgenk.
