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No. Your accounting data is not in the program, but in a separate data file called by the program. It is always a good idea to make a backup on a separate drive before updating, of course. See this Guide:

Make a backup of existing business

Before you start working with Manager, it’s important for you to know how to backup your future accounting data. Backups will allow you to restore the original data after a data loss event. As long as new accounting data is being recorded, backups will need to be performed at frequent intervals. The most common method of performing a backup of Manager is to use the Backup button in the top-right corner when working with an accounting entity. Example Let’s try to backup a business named “Brill…