Why It's Worth It to Purchase a New Version of QuickBooks (2024)

FAQs

Why It's Worth It to Purchase a New Version of QuickBooks? ›

You get all the best features.

There is no hard and fast rule of exactly when you need to upgrade. There are some professional services companies that do 1-2 large transactions a month, don't have inventory, and for them, QuickBooks Pro will work just fine.

Upgrading to the newer version will ensure you'll be supported by Intuit. You may also need to upgrade if you're getting a new computer operating system. This will sometimes cause the program to not function smoothly if they don't meet the minimum requirement in running a specific version.

Starting with the 2022 versions of desktop QuickBooks, you'll pay an annual subscription fee that you'll need to renew every 12 months. If you don't, you won't be able to continue to use the software. Note: If you have an older version of QuickBooks, you may not know that all desktop products now are “Plus” versions.

You can still use the older software. But you don't get support or updates and any add-ons like payroll or payment processing stop working. In May 2023 the 2020 version will be sunset. You can learn more about this in the QuickBooks help article: QuickBooks Desktop service discontinuation policy.

Other Intuit products are affected by the software discontinuation. If you don't upgrade your QuickBooks Desktop 2020 by May 31, 2023, you won't have access to live technical support if you run into problems or any of the other Intuit services that can be integrated with QuickBooks Desktop.

All QuickBooks Desktop subscription billing stopped on May 31, 2023. QuickBooks Desktop access and support will stop completely on or shortly after June 30, 2023. After that, only support for moving to QuickBooks Online will be available.

QuickBooks downloads, installs, and activates the new version for you. It updates your company file(s). When the upgrade is done, select Open QuickBooks.

You can tell if your business has outgrown QuickBooks if it takes too long to bill clients or it's difficult to determine your true cash balance. If meeting the new ASC 606 requirement or consolidating financial reports from multiple companies or divisions is a concern, it's time to switch to Acumatica.

It could be that sales tax is added to the base subscription price. You had promotional discounts that have expired, so you are now being billed the regular price for your subscription. You recently upgraded from Simple Start to Essentials, or from Essentials to Plus.

How much is QuickBooks 2023? ›

The QuickBooks 2023 Desktop prices will be: QuickBooks 2023 Desktop Pro Plus $549. QuickBooks 2023 Desktop Mac Plus $549. QuickBooks 2023 Desktop Premier Plus $799.

Once you have updated the software, you would notice that the bugs or glitches spotted earlier seem to have resolved eventually. While upgrade stands for elevating the current version of the software to a more advanced one. For example, upgrading from QuickBooks Pro to QuickBooks Premier.

‍If you're using QuickBooks Desktop (either for Windows or Mac), you can continue to use it without a subscription as it's a standalone software product. You can use the software for as long as you like without any additional costs, but you will not receive updates or support after your subscription ends.

The long answer: Intuit are sunsetting some versions of QuickBooks Desktop (QBD), and it might be possible for some users to keep accessing it —though it is not recommended. From May 31st, 2023, Intuit will stop supporting these QuickBooks Desktop 2020 versions: QuickBooks Desktop Pro 2020.

Ideally, the client and accountant using the Accountant's Copy feature should use the same version or year of QuickBooks Desktop. But don't worry, you can still work on the Accountant's Copy using a different version as long as the gap between the versions is just one year, and the accountant has a more recent version.

But did you know that QuickBooks without subscription is indeed an option? Yes, the QuickBooks Desktop can be purchased as a standalone application, eliminating the need for ongoing subscription costs. This lesser-known alternative allows you to enjoy the benefits of QuickBooks without subscription commitments.

If you cancel your QuickBooks Online subscription, your data will be available in read-only access for 1 year from the date of cancellation. If you cancel QuickBooks Online during the trial period or if your trial expires, your data will be available in read-only access for 1 year from the date of cancellation.

The QuickBooks 2023 Desktop prices will be: QuickBooks 2023 Desktop Pro Plus $549. QuickBooks 2023 Desktop Mac Plus $549. QuickBooks 2023 Desktop Premier Plus $799.