QuickBooks Desktop is one of the most popular accounting software used by small businesses. Intuit releases a new version of QuickBooks Desktop every year with new features and updates. In this article, we will take a look at what's new in QuickBooks Desktop 2024, it's pricing, how to download and get started with it.
Overview of QuickBooks Desktop
QuickBooks Desktop is accounting software developed by Intuit for small and medium sized businesses to manage their finances and accounting. It lets you track income, expenses, manage invoices, inventory, payroll and much more.
Some of the key things you can do with QuickBooks Desktop:
- Track income and expenses
- Create and send invoices
- Manage accounts payable and receivable
- Process payroll
- Track inventory
- Generate financial statements
- Track sales tax
- Connect bank accounts to download transactions
- Manage budgets
- Track mileage
- Capture expenses using mobile app
- And more...
QuickBooks Desktop comes in different editions for different business needs:
- QuickBooks Pro - For freelancers, consultants & home-based businesses
- QuickBooks Premier - For small businesses
- QuickBooks Enterprise - For larger or multi-user businesses
It's a one-time purchase software that you install on your Windows or Mac computer. New versions with updates are released annually.
What's New in QuickBooks Desktop 2024
Here are some of the new features and updates coming in QuickBooks Desktop 2024:
Enhanced Receipt Management
QuickBooks 2024 makes it easier to manage and track receipts. You can now take pictures of receipts and attach them to transactions right from your phone's camera using the QuickBooks mobile app. The receipts are all stored and synced with your QuickBooks Desktop company file.
You can also easily view, edit or delete receipts directly within QuickBooks Desktop. This improves efficiency by having all your receipts accessible directly from your accounting software.
Improved Search
The search function in QuickBooks Desktop has been improved in the 2024 version. You can now search within forms, reports and graphs to quickly find what you need.
For example, when viewing a report, you can search for specific transactions or entries without having to export data to Excel. This makes analysis much faster.
More Customization Options
QuickBooks 2024 gives you more customization options for fine-tuning forms and reports. You can now customize headers, footers, add logos and color schemes to forms like invoices, estimates and sales receipts.
Headers and footers can also be added to reports. This allows branding forms and reports to match your company style.
Enhanced Payroll Management
If you use QuickBooks Payroll, the new version has added some handy enhancements. You can now view payroll summaries for the pay period and year-to-date right from the Home page.
Employee paycheck stubs have also been improved for better readability. And you can now print or email pay stubs in batches to employees.
Improved Inventory Tracking
QuickBooks Desktop 2024 makes it easier to track inventory with the ability to monitor stock levels across multiple locations. You can set different replenishment levels for each item at each location.
Inventory reports are also improved with the addition of more filters to analyze stock levels, sales patterns and identify fast/slow moving items. This results in better inventory control.
Other Improvements
Some other improvements and updates include:
- Faster launch time for opening company files
- Enhanced performance for large company files
- Easier account reconciliation with automated match suggestions
- Support for high resolution ultra-wide monitors
- And over 100 other small improvements!
So in summary, QuickBooks Desktop 2024 focuses on enhancing user experience with improved search, customization, receipt management and visuals. And there are significant improvements to payroll and inventory management features.
QuickBooks Desktop 2024 Pricing
QuickBooks Desktop is available in 3 editions - Pro, Premier and Enterprise. Each edition is suitable for businesses at different growth stages.
Here is an overview of QuickBooks Desktop pricing:
Edition
Price
QuickBooks Pro 2024
$299.95 one-time payment
QuickBooks Premier 2024
$449.95 one-time payment
QuickBooks Enterprise 2024
Starts at $1,600/year paid monthly
Note that QuickBooks Pro and Premier are one-time purchases. You buy it once and can use it forever. No subscription required.
QuickBooks Enterprise is a monthly subscription with access to advanced features like enhanced inventory, advanced reporting, remote access and higher user limits.
There are also volume discounts available if you purchase multiple licenses. And the price includes 12 months of support after purchase.
You can also purchase payroll, payment processing, and other add-on services for additional fees per month.
Upgrades from older versions of QuickBooks Desktop get discounts on the new 2024 release. Upgrading is recommended to take advantage of the latest features and improvements.
