What's New in QuickBooks Desktop 2024? A Preview of the Latest Features
QuickBooks Desktop continues breaking new ground to meet evolving SMB needs with its 2024 edition. From faster processing speeds to smarter insights and automated workflows, the latest QuickBooks Desktop release packs game-changing updates. Let's explore some of the most exciting new features within QuickBooks Desktop 2024, which is set to launch later this year.
4X Speed & Performance Gains
Run seamless calculations and generate in-depth financial reports in seconds rather than minutes. By tapping advances in computing software and hardware, QuickBooks delivers up to 4X faster speeds than previous versions.
Growing SMBs can crunch bigger datasets, automate more tasks, and run complex analytics without efficiency lags - even when managing decades of company financial data. Expect lightning-fast performance, setting new industry benchmarks.
Predictive Analytics & Cash Flow Planner
Leverage cutting-edge AI and machine learning to gain smarter financial insights. New forecasting tools, predictive notifications, and cash flow planner features empower leaders to navigate the future with confidence.
QuickBooks' Cash Flow Planner lets you easily visualize inflows, outflows, and account balances up to a year out. Adjust assumptions and gain clarity on upcoming liquidity needs. Prevent potential shortfalls well in advance.
Advanced Inventory Management
Easily track inventory, sales, and transfers between locations while syncing data with sales orders, purchase orders, and invoices. Set reorder point notifications, track the shelf life of items, and run low on stock reports to avoid missing sales.
For manufacturers, stay on top of raw material stocks, component usage, and finished goods with real-time visibility. Efficiently track inventory value flows across warehouses and jobs.
Automated Workflow Triggers
Save hours of repetitive manual work with workflow automation across accounting, payroll, reporting, and more. Establish rules and triggers to complete key processes hands-free.
Automate mundane tasks like transferring payment deposits, reconciling accounts, sending invoices, and paying bills. Work smarter by focusing strategic efforts on high-value priorities.
Seamless Payroll Management
Say goodbye to external payroll system hassles. QuickBooks Desktop 2024 introduces integrated payroll management tools for reliably paying employees and contractors while maintaining tax compliance.
Automate tax calculations and payments. Access key payroll insights alongside other financial data to improve decision-making with universal visibility. Avoid manual errors and streamline payments with a few clicks.
Multi-Location Reporting
Managing finances across multiple business locations or entities? The new QuickBooks release allows the generating of consolidated reports showing real-time profitability, sales, expenses, and more for the entire company or individual stores.
Compare performance across business units and drill into variance drivers faster with flexible analysis options. Identify best practices among top stores to replicate company-wide successes.
Why Users Can Trust QuickBooks Innovations
With over 30 years of perfecting SMB accounting software, QuickBooks leads through continuous trailblazing feature introduction anchored by core user needs, including:
- Time Savings Via Smarter Processes
- Improved Financial Control & Oversight
- Universal Accessibility For Remote Teams
- Ever Stronger Information Security
- Compliance With the Latest Regulations
- Seamless Experience Even Scaling Complexity
- Affordability Without Compromising Power
What's Next for QuickBooks Desktop?
While these major updates promise to transform workflows and insights for SMBs, QuickBooks doesn't rest on laurels.
The QuickBooks 2024 desktop roadmap points towards even more automation capabilities leveraging AI, expanded integrations, mobility and accessibility upgrades, deeper inventory/order management functionality, and more in future releases.
QuickBooks remains committed to driving mainstream financial software innovation aligned to the real-world needs of small and growing businesses now and in the years ahead.
Frequently Asked Questions
What are some of the key updates in the QuickBooks Desktop 2024 Release?
Major new capabilities include faster speeds, predictive analytics tools, automated workflows, integrated payroll, multi-location reporting, and advanced inventory management.
What SMB segments benefit most from QuickBooks Desktop solutions?
Service companies, retailers, wholesalers, manufacturers, contractors, nonprofits, and agencies gain the most from streamlining QuickBooks accounting and finance.
How does QuickBooks Desktop compare to cloud-based solutions?
QuickBooks desktop strikes the ideal balance between robust features, mobility, ease of use, and affordability that pure cloud solutions currently need help to match.
Does QuickBooks Desktop 2024 work for global businesses?
Yes, QuickBooks 2024's multi-currency support works across borders. Language localizations and global payment integrations tailor workflows across regions.
What support resources come with QuickBooks Desktop?
Subscriptions include access to customer support via live chat, email ticketing, phone assistance, user communities, and an extensive library of tutorials and guides.