I know the reason why downgrading the company file is not possible due to future advancements not being included in your QuickBooks Desktop (QBDT) Premier 2012, PurpleSage1. Let me explain in detail.
After installing QBDT Enterprise 2023, you can restore your backed-up file from a portable drive. During the restoration process, you'll be prompted to update your company file to the 2023 version. Please note that once the company file is restored and updated, it cannot be opened in earlier versions.
For more information, you can browse this article: Find QuickBooks company data files and backups.
Additionally, QuickBooks Desktop offers various ready-made financial reports that give different insights into your business performance. You can also customize these reports to fit your specific business needs.
I'm all ears if you need further assistance with managing your company file in QBDT. You can always this forum. Looking forward to supporting you.
