With over 5 years of experience writing for accounting professionals, this is a common question I get asked yearly: "Is there a new version of QuickBooks Desktop released, and how much does it cost to upgrade?"
The answer is yes! Intuit released the latest QuickBooks Desktop 2024 edition in January with several useful improvements.
And as an existing user, you get attractive discounts of up to 30% when upgrading to the newest 2024 version.
In this detailed guide, we will cover:
What's New in QuickBooks Desktop 2024?
Pricing and Discounts for Existing Users Upgrading
How to download QuickBooks Desktop 2024
Smooth Upgrade Best Practices
So let's get started!
What's New in QuickBooks Desktop 2024?
Before looking at upgrade pricing, below are some of the key improvements in the latest QuickBooks Desktop 2024 version that small businesses and accountants can benefit from:
Enhanced Reporting and Visualizations
QuickBooks 2024 takes financial insights to the next level with interactive reporting templates that help you analyze sales patterns, budget variance, account behaviors, etc.
You can also easily filter, format, and visualize critical KPIs with a few clicks, without complex setup. More customization in what reports display allows for a better understanding of company finances.
Improved bank fees and transaction matching
Automatic transaction download and matching from financial institutions like banks and credit cards is now faster with the refreshed connectivity.
QuickBooks leverages the latest Plaid integration for a quicker connection setup with 1000+ institutions. Importing recent transactions is now seamless.
The improved transaction matching engine also auto-reconciles more entries, reducing unclear transactions. This significantly reduces the reconciliation effort.
Better inventory tracking
Core inventory processes like serial number tracking, pending build management, and item customization also see useful enhancements.
Things like assigning serial numbers, building product bundles, and adding custom fields all make it easier to track inventory end-to-end.
Enhanced Access Controls and Permissions
Managing multiple users across online and desktop apps is now unified under the Intuit Account system. This allows centralized user setup, single sign-on, and unified access policies.
As the number of people collaborating increases, access controls become critical. So the improved user permissions in QuickBooks 2024 help businesses scale securely.
These key highlights demonstrate how QuickBooks 2024 saves time, reduces errors, and provides better financial visibility—all critical for growth.
Now let us look at the exciting discounts when upgrading.
Upgrading to QuickBooks Desktop 2024 is 30% cheaper.
The best part of yearly QuickBooks Desktop releases is that existing subscribers get large discounts of up to 30% when upgrading to the latest version.
Here is the special discounted upgrade pricing for 2024:
Edition | Regular Price | Upgrade Price | % Discount |
Pro 2024 | $299.99 | $209.99 | 30% Off |
Premier 2024 | $449.99 | $314.99 | 30% Off |
As you can see, upgrading to QuickBooks Pro 2024 is only $209.99, and Premier 2024 is $314.99—a straight 30% off!
But there are two conditions to qualify for the special savings:
Must have an active QuickBooks subscription
Upgrades applicable to QuickBooks 2019 versions or later
Annual subscriptions can be renewed first if they have expired.
Please note that the accountant edition has no discounts. Volume discounts apply for multi-license purchases.
Overall, upgrading to QB Desktop 2024 is highly affordable and provides access to the latest features.
How do I download QuickBooks Desktop 2024?
After purchase, you can download the QuickBooks Desktop 2024 installer at
Account.QuickBooks.com.
The high-level steps are:
Purchase or renew the QuickBooks Desktop license.
Log in to Account.QuickBooks.com.
Under QuickBooks Desktop, click Download and save the installer.
Run the EXE installer file to upgrade.
During installation, input license information when prompted.
For existing users, point the installer to the existing company file folder to upgrade data automatically.
The entire process, from downloading to installing QuickBooks 2024 desktop, takes less than 15 minutes.
Downloading Upgrade Tools (Optional)
When upgrading company files from older versions, also consider downloading the QuickBooks Upgrade Assistant, available freely at:
This helps smoothly convert and migrate company data into 2024 format, minimizing compatibility issues.
No license key is needed; the upgrade assistant works directly with the main desktop application.
So QuickBooks Download is simple:
Installer available from the Account Portal
Optional upgrade tool for existing company file migration
Now let us look at smoothly upgrading to QuickBooks 2024.
Best Practices for Upgrading QuickBooks Desktop
Based on thousands of customers upgrading yearly, here are some proven recommendations:
Cleanly install the latest releases first.
Before installing QuickBooks Desktop 2024:
Have the latest Windows 10Â version, 21H2.
Install.NETÂ Framework 4.8Â (via Windows Update)
This allows everything to run smoothly.
Backup Company Files
Take a full backup of company files (.QBB) and data before upgrading. Store this externally as a precaution.
Update the existing QuickBooks version.
Install pending updates for the existing version:
QuickBooks 2023: Release Update R17
QuickBooks 2022: Release Update R16
This brings you to the latest build.
Use the QuickBooks Upgrade Assistant Tool.
Download and run the Upgrade Assistant, which converts older company files into the new format. This ensures the best compatibility.
Verify converted company files.
Post-upgrade, open company files and validate everything migrated fine—lists, transactions, reports, etc. Cross-check for any errors.
Following these steps allows a smooth transition to the latest features annually with no business disruption.
Let’s now look at what’s next.
Getting Started Post-Quantum 2024 Upgrade
Once upgraded to the latest QuickBooks Desktop:
Setup multi-user access and permissions.
Customize reporting templates.
Leverage nicer transaction matching.
Explore other new capabilities relevant to your role.
Import historical data if switching from other platforms.
Review what features and enhancements best resolve your accounting pain points. This ensures you extract maximum value from improved releases year-over-year.
And that completes this comprehensive guide to the latest QuickBooks Desktop 2024 updates!
The key takeaways:
Yearly upgrades provide access to the newest features.
Existing subscribers get up to 30% off upgrade pricing.
Follow best practices for smooth data migration.
Switching to 2024 improves productivity and insights.
As an experienced QuickBooks writer, I recommend users stay updated with the newest versions. This allows for leveraging the continuous benefits Intuit provides through desktop enhancement.
Reach out if you have any questions! I am happy to help you upgrade seamlessly.