QuickBooks Desktop 2024 is the newest version of the popular small business accounting software from Intuit. In this detailed overview, we will explore the key capabilities and pricing options across the Pro, Premier, and Enterprise versions, along with the recommended approach to downloading and installing QuickBooks Desktop 2024.
Whether you are a freelancer, own a retail store, or are a member of an accounting team supporting multiple small business clients, read on to find out if the 2024 release of QuickBooks Desktop aligns well with your needs.
Notable feature upgrades in QuickBooks Desktop 2024
Let us start by understanding some of the most useful features that are either completely new or enhanced within QuickBooks Desktop 2024, specifically:
Advanced bank fees
The direct bank feed integration in QuickBooks, which imports online transactions for reconciliation, has been improved further. Now you can connect to a wider set of accounts, like credit cards, loans, and lines of credit, to pull transaction data automatically. This saves considerable time and minimizes errors in the records.
AI-Powered Transaction Tagging
Business owners and bookkeepers have to carefully categorize hundreds of expenses, invoices, and sales receipts each week for accurate financial statements. QuickBooks leverages artificial intelligence algorithms in its 2024 release to automatically classify many transactions based on transaction text, amount, date, and merchant details, among other attributes. This reduces repetitive manual work significantly while increasing accuracy as well.
Payroll management upgrades
Key payroll capabilities have been upgraded to support pay incentives, commissions, and advanced employee reporting needs natively. Additional compliance checks will validate per diem calculations, overtime during holidays, etc., as per the latest labor norms. Detailed payroll reports can feed year-end filings like 940 and 941 easily. This is very handy for US-based small business owners and accounting teams.
There are 50+ more feature upgrades spanning reporting, inventory management, collaboration tools, and customization options that subtly improve the overall experience in impactful ways.
QuickBooks Desktop 2024 Pricing and Versions
QuickBooks Desktop editions are targeted towards businesses at different scales and verticals through tailored capabilities. Let us examine what pricing plans are available across the newly launched 2024 editions:
QuickBooks Pro 2024
Ideal for solopreneurs and freelancing consultants, QuickBooks Pro 2024 starts at $299 per year. It supports single-user access and comes with all the core accounting features of tracking income and expenses, managing invoices, paying bills, and basic inventory monitoring. Handy online payment acceptance and reporting round off the features that make Pro suitable even for very small teams.
QuickBooks Premier 2024
With the capability to provide dedicated user logins for up to five people, Premier 2024 brings advanced inventory as well as multi-currency support to small business teams. The premier version is priced at $449 a year and brings job costs down along with deeper customization of sales forms. The more sophisticated user permissions and access controls also make Premier 2024 a preferred choice for retail stores, professional service firms, and manufacturing businesses.
QuickBooks Enterprise 2024
The top-of-the line Enterprise 2024 edition of QuickBooks scales from mid-sized companies all the way up to enterprise firms. With the ability to allow up to 30 simultaneous users and priority 24/7 customer support, QuickBooks Enterprise 2024 provides high customization flexibility. Advanced inventory and manufacturing-centric features, end-to-end encryption-backed audit logs, and customized reporting pixels together ensure Enterprise meets the sophisticated business accounting needs of larger organizations across verticals. QuickBooks Enterprise 2024 is priced at $1,500 per year.
Subscription and support costs
All QuickBooks Desktop 2024 editions come with 12 months of major version upgrades and customer support access by default. You can renew at 40–50% discounted rates if multi-year or 2-year subscriptions are selected upfront. 24/7 expert support via prioritized online ticketing starts at $300 per year, while payroll subscription fees range from $45 to $75 monthly. Therefore, factoring in the additional services, the first-year costs can be 30–50% above the base software license fees mentioned earlier.
Downloading and installing QuickBooks Desktop 2024
We will briefly cover the steps to purchase, download, and install QuickBooks Desktop 2024 on Windows and Mac computers:
Getting licensed software
Visit the Intuit QuickBooks Store website and purchase the 2024 edition you need by selecting the single- or multi-user license, cloud/desktop version, Windows/Mac, etc. Once the payment process is complete, you can opt to download the installer instantly or have a DVD shipped to you in 2–3 days. Download allows access in minutes while the disc works offline without needing internet access during installation.
Installing QuickBooks Desktop
Save the installer to a convenient location, and double-click the setup file to launch. Accepting the license agreement will kickstart the installation process. Based on the computer configuration, operating system updates may be needed first before the actual QuickBooks software components can be installed. These would be triggered automatically, so keep providing relevant permissions when prompted.
Once the desktop shortcuts appear and the launch screen is ready, QuickBooks Desktop 2024 has been successfully installed. Now input your license information and registration details that were shared via email to activate the product. Evaluation guides are provided to tweak preferences before creating or opening a company file.
We recommend new users acquaint themselves fully with the multi-lesson tutorials before managing day-to-day business transactions within QuickBooks Desktop. Reach out to customer support teams in case any installation errors crop up.
Achieve More in Less Time
The QuickBooks Desktop 2024 release builds on proven financial management capabilities loved by over 4 million small businesses globally. If you have not tried moving your accounting to QuickBooks before, going with the 2024 desktop edition means you start off on the most updated feature set Intuit has engineered over the past 30 years.
With the host of thoughtful automation enablers, collaboration tools, and customization options now available within QuickBooks Desktop 2024, improved productivity and confident financial oversight are within easy reach. We hope you find this guide useful in evaluating the new enhancements on offer and how they measure up to your business needs.
Share your feedback or queries on the latest QuickBooks Desktop edition in the comments below! We would love to hear what excites you the most or what additional features you may need for work.
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