Upgrading to a newer version will help your company in several ways, including increased efficiency. Better features, enhanced security, and accessibility to all of QuickBooks’ minor advantages are all included. Upgrading allows you to give your organisation much more flexibility and enhancement.
What’s New in QuickBooks Desktop 2024?
- Improved Security: To guarantee the highest level of data protection, Intuit eventually added 256-bit encrypted security measures to its software. It implies that even if it is intercepted by unauthorized parties, your data is safe. It is the safest encryption method in which the encrypted data has a 256-bit key, making it nearly difficult for a hacker to decrypt the data without trying 2256 key combinations.
- More Integrations: Among the many new automation tools in QuickBooks 2024 is the capacity to automatically send invoices and reconcile accounts. It can lower your chance of making mistakes and save you time.
- Enhanced User Interface Features: The user interface of QuickBooks 2024 has been updated with a new appearance and feel. It facilitates easier navigation and use of the software. Additionally, you can customize the new user interface to suit your needs better.
- Efficient Performance: Several other new features and improvements are included in QuickBooks Desktop 2024 in addition to the major new features mentioned above. For instance, QuickBooks Desktop has built-in budget creation and management capabilities. You are also able to monitor the environmental effect of your business by using the new carbon footprint tracking option.
What are the steps involved in upgrading to QuickBooks 2024?
Whenever you run QuickBooks Desktop 2024 Pro, it will ask you to upload your company file from the backend. For more information, go to the stages listed below:
- Prepare for upgrade
Preparations should be made before we move on to the process of upgrading. Ensure that you check all the relevant information Set up the upgrading process during a time when there is a low activity period. This will allow you to have sufficient time for the process. Properly explain the plan to your employees and provide them with the necessary training that is involved. - Backup Your Data
In any upgrading process, your data is the top priority to protect your business. This is why it is always advised to keep a comprehensive backup of your accounting data. In case of any mishap, your data will be safe and can be restored. - Review your System Requirements
QuickBooks 2024 is an advanced version of QuickBooks. Certain requirements need to be maintained. So before you start with the process of upgrading, make sure that your system meets the requirements. In case you’re not able to stick to those requirements, there might be some compatibility issues. - Obtaining QuickBooks Desktop 2024
To upgrade your QuickBooks to the 2024 version, you need to obtain files. To do this, you can download the software from the official Intuit website or purchase it from an authorized reseller. Ensure that the version you’re downloading is correct and matches your current license of QuickBooks 2023. - Uninstall QuickBooks Desktop 2023
To avoid conflicts between the new and old versions of QuickBooks, it is really important to uninstall QuickBooks 2023. With the help of the control panel of your system, uninstall the QuickBooks version 2023. While uninstalling, you’ll be asked to keep or remove the company files. Choose to remove them. - Installing QuickBooks Desktop 2024
Now that you’ve finished with the uninstallation process of QuickBooks Desktop 2023, begin Installing QuickBooks Desktop 2024. Follow all the on-screen steps to install the new version of QuickBooks. - Restoring Your Data
After installing QuickBooks 2024, restore all your backup data. There is a built-in process available in QuickBooks, follow that and complete your restoration process. - Verify Data Accuracy
Now verify all the data that you have managed to restore and check if it is accurate. Run various test drives to check if it is accurate or not. - Training Process
The entire process of transitioning your data requires efficiency. So to ensure your data gets migrated in the best way possible, you need to ensure a training team. Training would be beneficial for smooth transitions of your programs. Ensuring your team’s efficiency will bring growth into your business. - Finalize The Upgrade
Now that everything is ready you may run your QuickBooks software for a month to see if there are any problems. With the instruction manual, you can get any information that was not able to be retrieved in the process. Moreover, you can enable ongoing monthly or quarterly closing services to help you stay on target.
Upgrading Process for QuickBooks Desktop 2024 Pro Plus, Premier Plus, or Enterprise Versions
There are numerous new jobs and capabilities in the updated QuickBooks. Every version that has been updated has this. Due to its many new capabilities, this enhancement will be helpful to both the auditor and the user. For further details, go to their website.
Has your QuickBooks been updated?
The user needs to check if the update applies to QuickBooks Desktop 2024 or not. The steps are:
- Open the QuickBooks Desktop.
- Press F2 with Ctrl+1 on the product information screen.
- Check for any outstanding issues.
- Making sure the QuickBooks shows up in the 2024 block is a finishing step.