QuickBooks Desktop is Intuit's popular accounting software used by millions of small businesses for financial management, reporting, payroll, and more.
QuickBooks sees annual releases that deliver new features, improvements, and updates. The current version is QuickBooks Desktop 2023 as of this writing.
Looking ahead, Intuit will launch QuickBooks Desktop 2024, likely in the fall of 2023. For existing users, upgrading provides access to the latest capabilities.
This article will cover everything you need to know about upgrading to QuickBooks Desktop 2024, including:
Cost to upgrade
Where to download
New features
Why it's recommended to upgrade
Steps for installing
Let's dive in so you're fully prepared when QuickBooks 2024 arrives!
How much does it cost to upgrade to QuickBooks Desktop 2024?
QuickBooks Desktop uses a paid subscription model, requiring renewal each year to continue using the current version.
Here are the estimated upgrade costs to move to QuickBooks Desktop 2024:
Simple Start: $299 per year
Essentials: $349 per year.
Plus: $399 per year
Advanced: $449 per year
These prices reflect discounted upgrade rates for existing users. Upgrading an older version to 2024 is cheaper than purchasing a new one.
You may also qualify for a free upgrade if you bought recently and are still within the 60-day eligibility window. Check with QuickBooks Support before renewing.
Third-party retailers like Amazon also tend to offer upgrades at $20–50 off regular pricing after the 2024 version releases.
Where to Download QuickBooks Desktop 2024
Once available, you'll be able to download QB Desktop 2024.
Directly from the QuickBooks website after logging into your account and renewing
From platforms like Cantera or Software Keep if buying new
The QuickBooks Resource Center is under Desktop Downloads.
As a digital purchase from Amazon, Newegg, Walmart, and Staples
The download is usually a large 700MB to 1GB file. EXE installer file. Use a fast, stable internet connection when downloading and installing.
Be sure to download only from official sources to avoid any pirated or corrupt installation files.
Top New Features Expected in QuickBooks Desktop 2024
While the official details haven't been announced yet, based on past upgrades, we can expect features like:
More interactive reports with drill-down functions
Modern interface updates and speed improvements
Email or text transaction receipting
Expanded third-party app integrations
Enhanced tools for tracking income and expenses
Increased support for multiple monitors
built-in e-commerce selling features
QuickBooks prioritizes meaningful upgrades each year to meet changing business needs and leverage the latest technologies.
The 2024 release will follow this tradition of value-driven improvements for streamlining accounting.
Why upgrade to QuickBooks Desktop 2024?
Here are some of the major benefits of upgrading to the latest version each year:
Access new features: Take advantage of helpful capabilities like improved reporting, more integrations, automated workflows, and more.
Enhanced Performance:Â Upgraded code and optimizations make new versions faster.
Improved Compatibility:Â Get support for the latest OS, hardware, and other business software.
Remain Compliant:Â Stay compliant with changing tax codes, regulations, and requirements.
Better Security:Â Security updates help protect your sensitive financial data.
Ongoing Support:Â Only current versions receive full product support, patches, and fixes.
Boost Productivity:Â New automated features save you time and effort.
Leverage New Integrations:Â Support for expanded third-party apps.
While upgrading does incur a subscription renewal fee, the long-term benefits make it a smart decision.
Steps to Install QuickBooks Desktop 2024
Once you’ve downloaded the QuickBooks Desktop 2024 installer, follow these steps:
Back Up Your Company File:Â For safety, back up your current data and company file first.
Download the QuickBooks 2024 Installer. Get the.EXE file from one of the official sources above.
Run the installer. Double-click the.exe file and follow the prompts to install.
Activate Your License:Â If upgrading, sign into your Intuit account, which automatically activates. Or enter your new license key.
Open your company file: Launch QuickBooks 2024 and open your existing company file. Allow any upgrade prompts.
Review Everything:Â Verify transactions, lists, and preferences transferred properly after upgrading.
Be sure to check for any new QuickBooks 2024 updates periodically to stay current.
And that’s it—you're ready to start leveraging the great new features in the latest version!
FAQs and Common Questions
How long does the upgrade take?
The upgrade process is typically very quick, taking 5–10 minutes in most cases. The full installation and setup can take 30–60 minutes.
What if I'm still on QuickBooks Desktop 2022/2023?
You can upgrade directly from 2022 or 2023 to 2024. We recommend upgrading within the first year of release for the best experience.
Will I lose any data during the upgrade?
No, your entire company file and settings will transfer over and convert automatically when upgrading. But always backup as a precaution.
Do I need to tell clients about the upgrade?
No, the upgrade is invisible to clients. All of your business workflows and operations will continue unaffected after upgrading.
Can I downgrade if I don't like the 2024 version?
Downgrading requires starting over with a fresh install and a new company file. You cannot revert to a previous version once upgrading.
Get ready to upgrade to QuickBooks Desktop 2024 when it launches! Follow this guide to ensure a smooth upgrade experience.