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Hi, @arutsky. Let me share insights about how QuickBooks works once you shut down your business.
Yes, you have to continue paying for your subscription if you want to keep seeing the history of your entries. You may cancel it if you need to. However, you have to export or print your data before doing it since they'll be available in read-only access for one year from the date of cancellation.
Here's how:
You may also open these articles for detailed instructions:
On the other hand, each company requires an additional subscription. When you started a new company, you can sign up for a new QBO plan following these steps:
If you have multiple companies, you can access them with the same sign-in info by using an identical email address. It allows you to switch between companies quickly to manage everything more efficiently. I'm adding this link for more information: Create or add another company file to QuickBooks Online.
Please let me know if you have follow-up questions about the information provided by adding a comment below. I'm just a few clicks away to help. Have a good one!
I would recommend to convert your data to a QB Desktop file format for archive before canceling your account. Then you should signup for a new QBO account for your new business.
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