A Small Business Owner’s Guide to Upgrading to QuickBooks Desktop 2024

QuickBooks Desktop 2024 delivers new features and updates to streamline accounting, inventory, payroll, reporting, and more. Upgrading provides access to the latest tools to run your business efficiently.

For small business owners relying on QuickBooks, this guide will walk through key factors around Upgrading to QuickBooks Desktop 2024. We’ll cover planning your upgrade, purchasing options, prepping your company file, installing the new version, and migrating data.

Determining if Upgrading Makes Sense

The first step is deciding if moving to QuickBooks Desktop 2024 is worthwhile for your business. Here are some of the major improvements to evaluate:

  • Improved bank transaction connectivity and matching
  • More customizable and scheduled reporting
  • Enhanced inventory management with serial number tracking
  • Simplified payroll with direct deposit and tax payment automation
  • Multi-user access allowing multiple employees to collaborate

For most businesses, the productivity benefits justify upgrading to tap into the latest tools.

Purchasing QuickBooks Desktop 2024

Once you decide to upgrade, it’s time to purchase. Here are tips to get the best deal:

  • Buy directly from Intuit to get full support and functionality
  • Look for seasonal discounts around major holidays and events
  • Consider bundled packages that include payroll, payment processing, etc.

After purchasing, you’ll receive a license key and download link within 1 business day.

Preparing Your Company File for Upgrade

Before installing the new version, it’s important to prep your company file:

  • Back up your current file as a precaution
  • Install any pending updates for your existing version
  • Reconcile all bank and credit accounts to have a clean slate
  • Delete any old data you no longer need to streamline the file
  • Run a Validate and Rebuild to catch any data damage
  • Review user permissions and roles

This will ensure your file upgrades smoothly.

Installing QuickBooks Desktop 2024

Once prepped, you can install Upgrade to QuickBooks Desktop 2024:

  • Download the installer from your Account Overview in QuickBooks
  • Temporarily disable antivirus software during install
  • Follow prompts to accept license agreement and select preferences
  • Activate the software with your license key

Be sure to install on all computers needing access.

Migrating Your QuickBooks Data

Finally, open the new version and migrate your data:

  • Use the File Doctor tool to transfer the data automatically
  • Manually import any lists, payroll items, budgets, etc.
  • Reconnect bank and credit accounts under Chart of Accounts
  • Review customized invoices, estimates and other forms

Take it slow to ensure everything transfers over accurately.

Upgrading to the latest QuickBooks Desktop provides access to the newest features and improvements to better run your small business! Follow this guide to upgrade smoothly and reap the benefits.

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