Thanks for coming back, Asch04.

No worries, it will not create a new QuickBooks Online (QBO) company file. It will only move your data from QBO to QuickBooks Desktop for Windows. Before we migrate data into the Desktop version, please create a backup file of your company file there. if you ever run into problems, you can use your backup to restore your data. To export only the data you need, just follow the steps below:

1. Go back to QuickBooks Online. You should still be on the Step 1: Prepare to export window. Then, press Continue.
2. Choose what data you want to export. You can export all data with transactions or just list and balances. Then hit Continue.
3. Select Learn about the limitations of converting data for QuickBooks Desktop to learn about limitations that can impact your migration and select Continue.
4. Enter the Name and email address you want the migration confirmation email sent to and click Continue.
5. Click Close to go back to your QBO file. Wait for your email confirmation. The email may take some time. It depends on the amount of data you migrate.
6. You'll need to get back to the export screen in QuickBooks Online. Repeat the previous steps in Step 2 to get back to the export page and then select Get Started.
7. On the Prepare to Export page, tap Continue.
8. On the Select your data page, select the same option you selected previously and Continue.
9. On the Exporting from QuickBooks Online page, you'll have a message that says you already have a file to download. Press Continue to Download.
10.  Select Download QBXML file. If QuickBooks prompts you to save the file, choose a location easy to find, like your desktop, and select Continue.
11. In QuickBooks Desktop, make sure you're on the No Company Open screen. If you have a company open, go to File and select Close company. View your reports to compare your data before and after the export.

Then, proceed to Step 4: Run the QuickBooks Desktop migration tool section to finish the process in this article: Move your QuickBooks Online data to QuickBooks Desktop. When moving to the QuickBooks Desktop version, you may notice differences in how your books appear. To learn more about this one, check out this article: Learn how features and data move from QuickBooks Online to QuickBooks Desktop.

If there's anything else that I can help you with aside from migrating your data to QuickBooks Desktop, please let me know in the comments below. I'll be here ready to lend a helping hand. Have a good one.