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Let me share information about what happens to your data after downgrading your current subscription, @userplantexcourier.
Yes, your data will remain intact after you downgrade your plan. However, please be aware that certain features may become unavailable, particularly when switching to QuickBooks Online Simple Start or Essentials, as these versions have different functionalities.
Check out this article for more details: Upgrade or downgrade your QuickBooks Online subscription.
Here's how to downgrade:
You can also export your reports, lists, and other files from QBO into an Excel file to keep a copy of your data.
Additionally, visit this article to know more about the available features and prices for each subscription: QuickBooks Online subscription rate.
I'm always here if you still have other QuickBooks concerns. Let me know below. Have a good one.