QuickBooks Desktop is Intuit's flagship accounting software for small businesses. With each new yearly release, Intuit aims to add new features and improvements to help users manage their finances more efficiently. So what's new in QuickBooks Desktop 2024 compared to previous versions? Let's take a look at some of the key updates.
Improved Bank Feeds
Connecting QuickBooks to your business bank and credit card accounts to automatically download transactions has always been a useful time-saving feature. In QuickBooks 2024, the bank feeds capability has been enhanced to deliver more reliable and faster feeds from over 16,000 financial institutions. Issues like duplicate downloads, stalled feeds, and missing transactions should now occur less frequently.
Visual Reporting
Reporting and analyzing your financial data is critical for smart decision making. QuickBooks 2024 takes business intelligence to the next level with visually rich reporting. The new Visual Reports feature lets you present your data through interactive charts and graphs that update dynamically when you filter or customize the report. Visual Reports make it easier than ever to spot financial trends and insights.
Better Handling of Deferred Revenue
Tracking deferred revenue from things like subscriptions, retainers, and service contracts can be tricky. The new Deferred Revenue feature in QuickBooks 2024 offers dedicated accounts to properly handle this unique income stream. Set up subscription and service contract terms, bill customers, create renewal reminders, and automatically defer revenue recognition to future periods.
Simplified Payroll
Running payroll is often cited as one of the most complex small business financial tasks. QuickBooks Payroll has always aimed to simplify payroll processing, and the 2024 edition delivers on that goal. Updated salary and wage default settings, streamlined workflows, persistent employee defaults, and other enhancements trim the steps needed to pay your team and file taxes accurately.
Enhanced Search
As QuickBooks company files grow over months and years of financial activity, locating specific transactions can become increasingly tedious. The enhanced QuickBooks Search engine in the 2024 edition enables searching for invoices, bills, checks, and other documents in just a few keystrokes. The predictive search streamlines finding what you need quickly.
While covering just a sample of improvements, these key updates in usability, reporting, transactions handling, payroll, and search demonstrate how Intuit continues advancing QuickBooks Desktop year after year. For any small business owner, upgrading to the latest version is an easy way to work faster and unlock innovation.
