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RichardB UK
Level 3

How can I keep a digital record of my QBO accounts when I close my company?

My language-school company has failed during Covid.  We are now in the process of striking it off.  I have to keep records for 6 years.  Is there any way of keeping my QBO records in digital form when I close the account?
2 Comments 2
Fiat Lux - ASIA
Level 15

How can I keep a digital record of my QBO accounts when I close my company?

You may have 2 options:

1. Convert your data to a QB Desktop file format as archive and purchase a one time license for QB Desktop 2021 to open your file anytime.

 

2. Cancel your QB Online account and resubscribe every 12 months. 

DivinaMercy_N
Moderator

How can I keep a digital record of my QBO accounts when I close my company?

I want to ensure you'll be able to keep a record of your QuickBooks data before closing your company, @RichardB UK.

 

I agree with Fiat. In addition to that, you can also download a copy of your data before closing your QuickBooks Online (QBO) account. The program will allow you to export your company records such as lists, reports, and other info. Then, saved them on your computer. 

 

Let me guide you on how:

 

  1. In your QBO account, navigate to the Settings icon.
  2. Next, select Export Data.
  3. Then, click the Reports option and set the date range.
  4. Add or remove items from the Reports and Lists tabs by toggling the slider.
  5. Once ready, select Export to Excel.
  6. You'll be prompted with a confirmation when the export is finished.

 

To export other data, check out this article for the detailed steps: Export reports, lists, and other data from QuickBooks Online. 

 

When you're ready to close your company, feel free to visit this page for guidance: Cancel your QuickBooks Online subscription or trial. 

 

You can always post here again in the Community if you have any other concerns managing your account. I'm just around the corner ready to lend a hand. Have a good one and take care. 

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