Pro license

After a few years of having a free license, I just purchased a pro license. How do I transition to the pro license in the software? I see there’s a place to deactivate the current license and reactivate the new license. However I would hate to have to reset all my settings and reinstall anything. Is this the correct way to install the pro license?

The pro software is identical to the free version, other than the number of accounts and no reinstall in required.  Simply go to menu/help/license and deactivate free license and the enter pro license.  All settings and data will remain intact.