There will be no data loss, Treasurer173. However, if you downgrade your current plan, some features will no longer be available.
Also, keep in mind that downgrading removes any discounts on your current plan. You can refer to this link for the pricing plan.
Please note that QuickBooks Simple Start doesn't support multicurrency. If you currently have the multicurrency feature enabled, you won’t be able to switch to QuickBooks Simple Start.
For complete guidance on downgrading your current plan, refer to this article: Upgrade or Downgrade Your Product's Edition.
Let us know if you have any further concerns. We are here to assist you promptly.
