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Hi asma-mubeen!
I'm glad to hear that you are reactivating your QuickBooks subscription. However, this process doesn't have an option to omit your data from the previous year.
If your concern is your transactions, I recommend signing up for another QBO subscription to start fresh. Then, transfer your lists of names, accounts, and items from the old QBO to the new one, so you can use them when entering your transactions this year.
On the other hand, please note that data from your deactivated QBO will be wiped out in one year, starting from the deactivation date, so be sure to download a copy of your reports, forms, and other important records.
You can always go back to this thread if you have any other concerns. The Community Team is always available to continue helping you.
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