I'd be happy to provide clarification on that, @jbfujimoto.
As @Alex Lefler mentioned, since QuickBooks Online is cloud based software, yearly updates aren't required. One advantage of such a system is that new features and updates are rolled out automatically. For additional information about this, such as new additions to the software, I recommend the QuickBooks Blog, which can be accessed at the following link: Here.
Please let me know if you should have any additional questions. Wishing you well in all your endeavors.
