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Hi Lifestyle PMO,
Available sheets are added to your account when you purchase additional licenses. Details on number of sheets per license per account type is available on our pricing page: https://www.smartsheet.com/pricing
This is a total of the number of sheets that you're allowed to have in your account at the same time. If you hit your maximum, you can delete sheets in order to make room to create new ones.
Some people will archive their sheets using the backups feature on a quarterly, biannual, or annual basis. More information on the backup feature is available in the help center: https://help.smartsheet.com/articles/506499-backing-up-your-data
You'll always have the option to delete sheets to create space, or to purchase additional licenses if you need room to create more sheets.
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