QuickBooks desktop is one of the prominent accounting applications across the globe. The SMEs use the application to streamline their business financial records. Its user-friendly interface and robust applications have helped countless owners in managing their financial records. With the 2024 around the corner, Intuit has already launched its latest QuickBooks 2024. The application has already boomed the finance industry. If you are looking to upgrade your old QuickBooks to the latest QuickBooks 2024, then this article is meant for you. Here, in this blog, we will delve deep into the upgrade procedure. So, stay connected with us to know more about the latest releases.
An overview of QuickBooks 2024 and its amazing feature
QuickBooks 2024 is the latest accounting application from Intuit. This version is specially designed for business owners to meet their unique requirements. The application is compatible with businesses of all sizes, whether small or medium. Moreover, there are various plans that you can pick according to your needs and the number of users. The latest QuickBooks Desktop 2024 is available in all versions: Pro, Premier, Enterprise, and Mac.
In this particular update, you will get improved and enhanced functionalities that help you streamline your financial records. With the QuickBooks 2024, you will get the following:
Tax MISC and 1099 NEC
Unlike its previous versions, the latest released version of QuickBooks supports the 1099 NEC and tax 1099 MISC. You can easily e-file and print the tax form. Moreover, you can additionally e-file by using third-party apps.
RFA Improvement
Sending the queries to the QuickBooks for the second admin is now possible in this latest version.
Easily Manage users
You can easily manage the users and their roles. Moreover, you can provide permissions in accordance with their requirements. Apart from that, you can restrict the users from performing specific tasks.
Security Enhancements
QuickBooks understands the importance of your business’s financial data. Hence, it applies all the latest security methods to protect your data against cyber threats. As a result of this, the latest QuickBooks 2024 implements industry-specific best-in-class security protocols to safeguard your data.
Inventory Aging reports
With the improved inventory management feature, you can easily track, report, and forecast your products. It helps you prevent out-of-stock, reduce costs, and enhance the user experience. Moreover, the inventory report will inform you about the purchase, quality, age, and value of the stock.
Upgrade QuickBooks Desktop Premier Plus, Pro Plus, Enterprise to QuickBooks 2024
No doubt, the latest application has increased efficiency with its unique features, such as automatic prepayment reminders. The high-grade 256-bit encryption, 64-bit processors for a quick response, and the improved item list search feature set it apart from the rest of the applications.
You can easily upgrade your older application to the latest QuickBooks 2024. Below, we have explained the entire process in a simple language. However, before upgrading your current version of QuickBooks to the latest version, you must check the below-mentioned points.
- Fulfill the minimum system requirements
- Make the backup of your data
Once you have fulfilled the above-mentioned points, you can easily upgrade your current application to the latest QuickBooks application. The procedure to upgrade is explained below by our experts.
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Case 1: When you are having a QuickBooks Subscription
When you already have a QuickBooks subscription, you will get a notification message whenever you open your application. It makes the upgrade task easy. You do not need to search for the latest version. The steps to accomplish to complete the upgradation tasks are:
- An upgrade message pops up on your screen whenever you open the application.
- When you are ready for the upgrade process, click on Upgrade Now button.
- A window will appear asking whether to keep the older version or not. You can choose to keep the older version if you wish to keep a copy of your older version.
- Moving ahead, click on the ” let us” go button. It will automatically download, install, and activate the latest QuickBooks 2024 for you.
- Moreover, it will automatically update the company files for you.
- The upgrade process might take some time, depending on the speed of your internet.
Case 2: When you do not have a QuickBooks Subscription
In case you have made the one-time purchase, there is a high chance that you will not receive the upgrade message. If so, no need to worry. Just follow the below-mentioned steps to upgrade your current version to the latest one.
- Open the QuickBooks and log into it by using your admin credentials.
- After that, click on the help menu button. From the drop-down list, choose the upgrade QuickBooks option.
- Now, choose the version you want to upgrade to and click on the Upgrade Now button.
- After that, a permission window appears, asking you whether to keep the older version or not.
- Click on the Keep older version if you wish to have the older version also.
- Moving ahead, press the “Let us go” button. It will download, install, and activate the new version in your system.
Case 3: Upgrade via the Discovery Hub
You can upgrade your previous application to the latest with the help of the Discovery Hub. It is an inbuilt feature in QuickBooks that describes each feature of the application. Apart from that, it also shows how to use them. It is available at the top right corner. The steps to complete to upgrade your current application to the latest one are:
- Open the Discovery Hub and choose QuickBooks Desktop 2024.
- Now, choose the Proceed to upgrade now option followed by the ” Upgrade now” button.
- In case you wish to keep the older version as well, click on keep older version.
- If not, you can skip it.
- It will upgrade your application to the latest one.
Final Thoughts
Inevitably, the latest QuickBooks 2024 brings a lot of unique features that have revolutionized the accounting world. The features help business owners to streamline their financial tasks easily. Many business owners have already upgraded to the latest version of QuickBooks to benefit their business. If you are still in a dilemma about whether to upgrade to the latest QuickBooks 2024, then it is the right time. In this blog, we have explained the entire upgrade process in simple language. However, if you still feel the need for an expert, you can get in touch with our experts immediately.
