Upgrading your QuickBooks Desktop software annually allows you to take advantage of the latest features, improvements, and technology that Intuit has to offer. By upgrading from QuickBooks Desktop 2023 Pro, Premier, or Enterprise to the 2024 release, you gain access to new capabilities to enhance productivity, gain insights, and streamline workflows.
What is QuickBooks Desktop?
QuickBooks Desktop is Intuit’s flagship accounting software for small businesses. It lets you manage all your finances, including invoicing, accounting, payroll, inventory, sales tax, reporting, and more.
QuickBooks Desktop comes in three main editions:
- Pro: For basic accounting and bookkeeping needs.
- Premier: Adds more advanced capabilities like inventory tracking.
- Enterprise: designed for multi-user access and enhanced reporting.
New versions are released annually, so you can stay up-to-date on the latest tools and features.
How to Upgrade QuickBooks Desktop 2023 to 2024
Upgrading from QuickBooks Desktop 2023 to 2024 is a straightforward process if you follow these key steps:
Back up your QuickBooks data.
Before installing any new version, it’s crucial to back up your QuickBooks data. This safeguards all your financial information and provides a restore point.
To back up your company file,
- In QuickBooks 2023, go to File > Backup Company > Create Local Backup.
- Choose a safe location, like an external hard drive or cloud storage.
- Verify the backup file (.QBB) was created properly before continuing.
Download the QuickBooks Desktop 2024 Installer.
After backing up your data, download the installer for QuickBooks Desktop 2024.
- Go to QuickBooks.Intuit.com and sign into your account.
- Locate your product and click Download.
- Select QuickBooks 2024 from the version drop-down.
- Save the installer file on your computer.
The large installer may take a while to fully download. Have adequate bandwidth before upgrading.
Install QuickBooks Desktop 2024
Once downloaded, run the installer to install QuickBooks Desktop 2024:
- Double-click the installer file and accept the license agreement.
- Choose a location for the installation files or keep the default.
- Make note of the admin password provided on the screen.
- Click Install to begin the installation process.
Be patient, as it may take a few minutes to fully install all the required components.
License and Activate
After installation is complete, license and activate the software.
- Open QuickBooks 2024 and select Start Setup.
- Enter your license and the product number provided in your purchase email receipt.
- Sign in with your Intuit account to activate the product.
You cannot proceed further without licensing and activating. Contact support if any activation errors occur.
Restore Your QuickBooks Data
The last step is restoring your company file into QuickBooks 2024.
- In QuickBooks 2024, go to File > Open or Restore Company.
- Select Restore a backup copy and click Next.
- Locate QBB backup file you created earlier.
- Choose Local Backup and click Next to restore your data.
Once restored, your QuickBooks data will be upgraded to 2024, so you can get back to work!
Steps to Upgrade QuickBooks Desktop 2023 Pro Plus, Premier Plus, or Enterprise to QuickBooks 2024
Here is a quick summary of the steps to upgrade from QuickBooks Desktop 2023 Pro Plus, Premier Plus, or Enterprise to QuickBooks Desktop 2024:
- Backup your company file in QuickBooks 2023.
- Download the QuickBooks Desktop 2024 installer.
- Install QuickBooks Desktop 2024 on your computer.
- License and activate QuickBooks 2024.
- Restore your company file backup into QuickBooks 2024.
- Explore new features and capabilities in QuickBooks Desktop 2024.
- Get back to managing your business finances with QuickBooks 2024!
Upgrading annually ensures you stay up-to-date with the latest tools and technology from Intuit. Follow these steps to smoothly transition to QuickBooks Desktop 2024.
