ith the release of QuickBooks Desktop 2024, you may be wondering if now is the right time to upgrade your accounting software. We know you likely have questions about what's new, who benefits from upgrading, pricing, and more. This comprehensive article answers common questions small business owners have about upgrading to QuickBooks Desktop 2024.

Upgrading to QuickBooks Desktop 2024

QuickBooks Desktop unveils upgraded versions every year. With the latest iteration, QuickBooks 2024, now available, you may be considering an upgrade. Here we answer some frequently asked questions small business owners have about the new desktop software:

What's New in QuickBooks Desktop 2024?

Some of the key improvements in QuickBooks 2024 include:

• Faster invoicing with the ability to quickly customize, email, and auto-apply credits to invoices
• Enhanced payroll features like auto-populated forms and tax calculations
• Better inventory management with easy stock quantity adjustments and categorization
• Separate contractor tracking to generate 1099s at tax time
• More customizable reporting filters to uncover business insights
• An improved estimator with easy template customization and version comparisons

Who Benefits Most From Upgrading to QuickBooks 2024?

Certain small business owners stand to gain the most from upgrading to 2024:

• Growing businesses need more robust features as they scale
• Those using integrated third-party apps requiring current software
• Accountants and bookkeepers need the latest tools
• Companies still using older versions are losing technical support
• Complex businesses needing advanced inventory, manufacturing, payroll, or reporting

How Much Does It Cost To Upgrade to QuickBooks 2024?

QuickBooks provides special discounted pricing for existing users upgrading to the latest pro or premier editions. Costs vary, but expect around a 40-60% discount off regular pricing. Bundles with payroll, live support, training, and other perks are also available. Contact us for current promotional offers.

What Are the System Requirements for QuickBooks 2024?

QuickBooks 2024 requires:

• Windows 10 or later versions
• An Intel i5 processor or higher
• Minimum 8GB of RAM
• Minimum 2GB of disk space
• Microsoft .NET Framework 4.6.2 or later
• A stable broadband internet connection

How Difficult Is Upgrading QuickBooks?

Upgrading desktop versions is relatively straightforward. Once you purchase and install QuickBooks 2024:

• Backup your existing QuickBooks data file
• Open the file in 2024 and follow the prompts to migrate data
• Review transactions and settings in the new version
• Update integrated apps, payroll info, reports, and other assets

Onboarding assistance is recommended to ensure a smooth transition.

Can I Still Use My Old Version of QuickBooks?

After upgrading, you can technically keep using your previous version, but it is not recommended. QuickBooks only provides full support and bug fixes for the current and past two years of releases. Using older unsupported versions puts your data at risk.

When Should I Upgrade?

It's best to upgrade when:

• You need features only available in the newest release
• Your current version is nearing the end of its support
• You want to maintain integration with third-party apps
• Your accountant advises upgrading for continuity

How Can I Get Help Upgrading?

Our QuickBooks experts can assist with the following:

• Determining if upgrading is advisable for your business
• Purchasing the best QuickBooks edition and upgrade offer
• Ensuring your system meets technical requirements
• Backing up your existing data securely
• Installing QuickBooks 2024 and migrating data seamlessly
• Training your team on new features and workflows
• Customizing QuickBooks to fit your business needs

Let us know if you need assistance with your QuickBooks 2024 upgrade!