Whether or not you need to buy QuickBooks every year depends on several factors, including your specific needs, the version of QuickBooks you use, and Intuit’s policies regarding software updates and support.

Here are some key considerations:

1. QuickBooks Online Subscription: If you use QuickBooks Online, you subscribe to the service rather than purchasing a standalone software license. The subscription model typically includes access to the latest version of QuickBooks Online as long as your subscription is active. You’ll pay a monthly or annual fee for continued access and support.
2. QuickBooks Desktop: QuickBooks Desktop (e.g., QuickBooks Pro, Premier, or Enterprise) is typically sold as a software license. To access new features, updates, and technical support, you generally need to purchase a new version or upgrade your existing one annually. This is particularly important for staying current with tax law changes and security updates.
3. Sunset Policy: Intuit, the company behind QuickBooks, has a “sunset policy” for QuickBooks Desktop versions, which limits the availability of support and certain features for older versions. As versions become outdated, Intuit may discontinue support and services.
4. Tax Law Changes: Tax laws and regulations change over time. To ensure compliance and accurate tax reporting, it’s essential to use a version of QuickBooks that is up-to-date with the latest tax updates and changes.
5. Access to New Features: Each new version of QuickBooks typically introduces new features, improvements, and functionality. If you want to take advantage of these enhancements, you may choose to upgrade to the latest version.
6. Technical Support: Access to technical support from Intuit may be limited for older versions of QuickBooks Desktop. Upgrading to the latest version often ensures that you can receive support when needed.
7. Data Compatibility: If you need to share QuickBooks data files with others, ensure compatibility by using the same or compatible versions of QuickBooks.

While you may not be required to purchase QuickBooks every year, it is generally recommended to keep your software up to date for several reasons, including access to new features, compliance with tax laws, data compatibility, and continued technical support. The specific version you use (QuickBooks Online or QuickBooks Desktop) will dictate whether you subscribe to ongoing access or purchase new versions periodically. Be sure to review Intuit’s policies and consider your business’s specific needs when deciding whether to upgrade or continue using your existing QuickBooks software.