QuickBooks Desktop is Intuit’s flagship accounting software for small businesses. With over 5 million users worldwide, it is the most popular desktop accounting application.
Intuit releases a new version of QuickBooks Desktop each year with new features and improvements. QuickBooks Desktop 2024 is the upcoming version scheduled for release in late 2023.
In this article, we will discuss the expected new features, pricing, benefits and integration capabilities of QuickBooks Desktop 2024.
New Features in QuickBooks Desktop 2024
While Intuit has not officially announced the new features yet, we can expect QuickBooks 2024 to bring some exciting upgrades based on user feedback and market trends. Here are some potential new features:
Enhanced Dashboard and Reporting
QuickBooks Desktop 2024 introduced an improved dashboard to track key financial metrics. We can expect further enhancements to the dashboard and reporting capabilities in 2024 release. It may include new built-in reports, easier customization of reports and better visualization options like charts.
Advanced Invoice Customization
QuickBooks already offers extensive customization options for invoices. QuickBooks Desktop 2024 may take it to the next level with more templates, themes, and easier tools to customize invoices in line with your branding.
Improved Project Management
Simple project management capabilities were introduced in QuickBooks Desktop 2023. The 2024 version is expected to improve on it further by providing enhanced project reporting, project budget tracking, timers and integrated project planning.
Enhanced Payroll Management
QuickBooks Payroll subscription plans offer simple payroll management for small businesses. The payroll features may be enhanced in the 2024 release with new reporting metrics, custom payroll items, additional integrations and automated tax calculations.
Expanded Language Support
Currently, QuickBooks Desktop is available in English, Spanish and French. QuickBooks Desktop 2024 may expand the language support to include more languages like German, Italian, Dutch, Portuguese etc.
Cloud Connector for QuickBooks Online
An exciting development could be integrating a cloud connector in Desktop 2024 to link it with QuickBooks Online. This will provide benefits like anytime-access via the cloud while maintaining Desktop on premise.
Improved Help and Support
With an expanding user base, improving help and support will be a priority. We can expect revamped help documentation, FAQs, community forums, chatbots and troubleshooting capabilities.
Other Improvements
Some other likely improvements include enhanced bank feeds, currency support, advanced automation, improved onboarding for new users, and compliance with latest regulations.
Expected Pricing for QuickBooks Desktop 2024
QuickBooks generally follows consistent pricing between versions. We can expect the pricing for QuickBooks Desktop 2024 to remain similar to 2023.
Here is an overview of expected pricing:
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QuickBooks Pro: $299.95 one-time payment (additional users $299.95 each)
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QuickBooks Premier: $449.95 one-time payment (additional users $299.95 each)
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QuickBooks Enterprise: Starts from $1175/year. Offers industry-specific editions for manufacturing, contractors, accountants, retailers, and nonprofits.
QuickBooks Desktop subscription plans may also be offered as an alternative to one-time purchase options. Discounted upgrades will be available for existing users upgrading to the 2024 version.
Major Benefits of QuickBooks Desktop
Here are some of the major benefits businesses can expect from QuickBooks Desktop 2024:
Robust Accounting and Finance Management
QuickBooks Desktop provides a complete suite of accounting and financial management tools for small businesses without the need for an accountant. Some key features include invoicing, expense tracking, inventory management, financial reporting and tax preparation.
Seamless Payroll Management
Managing payroll and taxes can be complex for small business owners. QuickBooks Payroll subscription plans make it very convenient by automating payroll runs, direct deposits, tax payments and filings.
Scalability for Growing Business Needs
QuickBooks offers scalable editions in Pro, Premier and Enterprise to cater to varying small business needs. As a business grows, you can easily upgrade editions without any data loss.
Data Security and Access Control
QuickBooks Desktop provides robust data security and backup capabilities not available in cloud solutions. You can control who accesses company data and easily manage software upgrades on your own servers.
Affordable One-time Pricing
Unlike SaaS accounting apps, QuickBooks Desktop is purchased through a one-time payment. This makes it very affordable for budget-conscious small businesses to get advanced accounting tools.
Third-Party Integrations
QuickBooks offers hundreds of third-party integrations with banking, billing, ecommerce and other business applications through apps and plugins. This allows easy connectively with other business systems.
Industry-Specific Editions
For over 10 industries like manufacturing, construction, nonprofit, accountants etc. QuickBooks offers pre-configured editions with customized chart-of-accounts, reports and features.
Familiar Excel-Like Interface
QuickBooks Desktop uses familiar Excel-like interface making it easy for non-accounting users to grasp it without extensive training. Key accounting activities can be performed seamlessly without technical accounting expertise.
Seamless Integration with Other Software
A key benefit of QuickBooks Desktop is its ability to integrate with hundreds of other software tools used by small businesses. Here are some common integration scenarios:
Accounting Software
QuickBooks Desktop integrates with accounting software like Xero, Sage 50, AccountEdge etc. via migration tools and third-party plugins. This enables easy transition between platforms.
Ecommerce Platforms
Leading ecommerce platforms like Shopify, WooCommerce, BigCommerce etc. can integrate with QuickBooks Desktop for order management, inventory sync and financial reporting.
POS Systems
Point-of-sale systems like Square, Clover, Vend can sync transactions with QuickBooks in real time so sales data is continually updated.
Microsoft Office
QuickBooks integrates seamlessly with Microsoft Excel for exporting reports. It also integrates with Microsoft Outlook for smoother emailing of invoices and other documents.
Bill Payment Services
Online bill payment services like PayPal, Stripe and Authorize.Net can integrate with QuickBooks to automatically record customer invoice payments.
Banking & Credit Cards
Banks like Chase, Citi etc. along with credit card processing gateways integrate with QuickBooks Desktop to automatically download transactions.
Payroll Platforms
Third-party payroll services like Gusto, OnPay, SurePayroll can integrate with QuickBooks to exchange payroll data.
Time Tracking Software
Popular time tracking apps like TSheets, Harvest and TimeCamp integrate with QuickBooks Desktop for seamless time tracking and billing.
Document Management
Apps like HelloSign, Adobe Sign, and DocuSign help manage documents generated in QuickBooks for digital signature and storage.
With its extensive integration capabilities, QuickBooks Desktop 2024 will continue enabling small businesses to build an ecosystem of software tools that seamlessly work together.
Conclusion
QuickBooks Desktop 2024 is slated for release in late 2023 and is expected to bring valuable new enhancements like improved dashboard and reporting, invoice customization, enhanced payroll and more global support.
Pricing is expected to remain consistent with current versions, keeping it very affordable compared to cloud accounting systems. QuickBooks Desktop continues to provide an easy-to-use and robust accounting solution for small businesses without extensive accounting expertise.
With its host of benefits like advanced accounting, scalability, data security, third-party integrations and industry-specific editions, QuickBooks Desktop 2024 promises to be an important release that adds value for existing and new customers.