There are a few things to note before moving over. First, confirm what PHP version is the current one. You can find that by looking at Tools -> Site Health -> Info -> Server
Next, contact your host and ask for a staging copy then switch that staging copy to 8.3 first. Because with PHP version changes, some things might break or give a lot of notices. So if your staging copy is set to PHP 8.3, you can do the troubleshooting first before going live.
Another thing to make sure of is to watch the debug log for deprecation notices and make sure it isn't something bad or critical.