Intuit’s main accounting software, QuickBooks Desktop, sees an annual refresh with new versions containing updates, features, and improvements for small business financial management.
The current edition, QuickBooks Desktop 2023, was made available in September 2022. Looking ahead, Intuit will be launching QuickBooks Desktop 2024, likely in September or October 2023.
For existing QuickBooks Desktop users, you may be wondering what’s included in the 2024 release and whether it’s worthwhile to upgrade.
This article will cover everything you need to know about the upcoming QuickBooks Desktop 2024 update:
- Expected new features and changes
- Upgrade cost and pricing details
- System requirements
- Where to download the 2024 version
- Steps to upgrade your company file
Let’s dive in so you’re prepared when the latest QuickBooks Desktop edition arrives.
What’s new in QuickBooks Desktop 2024?
While Intuit has not formally announced details yet, we can make some educated guesses about likely updates coming in QuickBooks Desktop 2024 based on past trends and releases.
Potential changes and improvements may include:
- Enhanced reporting with new visualization options
- Increased automation for routine accounting tasks
- Deeper integrations with popular productivity tools
- Improved inventory and asset tracking
- More custom form and invoice templates
- Accountant-focused tools and capabilities
- Modern interface updates
- Faster search and improved navigation
- Under-the-hood speed and performance optimizations
- Increased support for high-resolution monitors
QuickBooks prioritizes constantly improving their software through new features, updates, and tools aimed at streamlining business financial management.
We can expect the 2024 release to follow suit with enhancements that reflect the evolving needs of today’s businesses and accounting firms.
QuickBooks Desktop 2024 Pricing and Cost to Upgrade
QuickBooks Desktop uses a paid subscription model, requiring a license for each installation. Here are the standard prices for different QuickBooks Desktop 2024 editions:
- Simple Start: $299.99/year
- Essentials: $399.99/year
- Plus: $449.99/year
- Advanced: $799.99/year
These are the MSRP prices from Intuit, but you can often find discounts from third-party retailers like Amazon. For context, QuickBooks Desktop 2023 is currently priced $20–50 cheaper on Amazon at the time of writing.
Upgrading from older versions to QuickBooks Desktop 2024 will likely run between $299 and $399 when you renew your license key.
Volume discounts are available for 5+ license purchases. Nonprofits and accountants also get discounted rates directly from Intuit.
Some users may be able to upgrade for free if they’re within the current upgrade eligibility window after purchasing. You can check your status by contacting QuickBooks Support.
System Requirements for Running QuickBooks Desktop 2024
Before installing the latest QuickBooks Desktop release, it’s important to check if your computer system and hardware meet the minimum requirements for smooth performance.
Although not officially confirmed yet, we expect the system requirements for QuickBooks Desktop 2024 to be around:
For Windows:
- Windows 10 or newer
- 4 GB of RAM
- 2.4 GHz processor
- 2 GB of hard disk space
- 1920×1080 display
For Mac:
- MacOS 10.15 Catalina or newer
- 4 GB of RAM
- Intel Core 2 Duo CPU
- 2 GB of hard disk space
- 1280 x 800 display
Having sufficient RAM, fast processor speed, and adequate hard drive storage will be key to ensuring QuickBooks Desktop 2024 runs optimally.
Check your computer’s specs and upgrade any outdated components first before installing the 2024 release.
Where to Download QuickBooks Desktop 2024
Once available, you’ll be able to download QuickBooks Desktop 2024 directly from Intuit, third-party software sites, and accounting platform partners.
Here are some of the top sources for downloading the QuickBooks Desktop 2024 installer:
- Directly from Intuit: Download the installer by logging into your account at QuickBooks.Intuit.com. You can renew your license key at the same time.
- Amazon: The 2024 version will be available for digital purchase or download from Amazon’s software store.
- QuickBooks Accountant Edition: Accountants can download the installer here after renewing their ProAdvisor membership.
- Intuit Resource Center: Select “QB Desktop Downloads” and filter for the 2024 version once live.
- Trusted Third-Party Sites: Other reliable sites like Capterra or SoftwareKeep will likely also host the 2024 download.
The installer file is typically 700 MB–1 GB in size. Ensure you have a fast, stable internet connection when downloading and installing.
Upgrading Your QuickBooks Desktop to the 2024 Release
Once you’ve downloaded the latest QB Desktop 2024 installer, here are the steps to upgrade your company file:
- Back Up Your Company File: Before upgrading, always back up your current company file and data as a precaution.
- Download the QuickBooks Desktop 2024 Installer. Obtain the latest 2024 installer from one of the trusted sources above.
- Install the 2024 version. Run the installer.exe file and follow the prompts to install QuickBooks Desktop 2024 on your computer.
- License and Activate: Use your product key if buying new, or log into your Intuit account to renew your existing license for 2024.
- Open your company file: Launch QuickBooks Desktop 2024 and open your company file. Allow any upgrade prompts to ensure compatibility.
- Verify your data: Review transactions, lists, and settings to make sure everything is transferred properly. Consider running a Validate Data Utility check.
Be sure to check for any QB Desktop 2024 updates post-release to keep current.
With those steps, you’ll be ready to start leveraging all the new capabilities and features in the 2024 release!
Key Reasons to Upgrade to QuickBooks Desktop 2024
Upgrading to the latest version of QB Desktop each year comes with several advantages:
- New Features: Access helpful new capabilities like improved reporting, better workflows, expanded integrations, and more.
- Better Performance: Upgraded code and optimizations make the newest versions faster.
- Improved Compatibility: Get greater compatibility with new operating systems, hardware, and other software.
- Stay Compliant: Remain compliant with regulations by using up-to-date accounting software.
- Enhanced Security: Security updates help keep your financial data safe from new and emerging cyber threats.
- Ongoing Support: The most recent software versions receive full product support, patches, and fixes.
- Confidence in Your Data: New features like automated transaction matching reduce data entry errors.
While the QB Desktop 2024 launch is still some months away, you can start budgeting for the upgrade now. This ensures you leverage the latest tools to streamline your business accounting needs.