While many people do this (including myself), the risk you take is data corruption.  I run a managed service provider (IT) for about 20 years and we support 300 micro and small business clients.  About once a year, one client will have their QuickBooks database file become corrupted.  In that case, the only resolution is to sent the file to Intuit's data file team.  And they'll only assist if you have a current version of QuickBooks.  Otherwise, you are SOL and have to start the company file over again from scratch.

We all cannot believe the path Intuit has chosen to take in regards to discontinuing the desktop and point of sale software.  It is nuts.  This is what adds to inflation.