QuickBooks Desktop 2024: Top New Tools for Managing Your Business Finances
QuickBooks Desktop 2024: Top New Tools for Managing Your Business Finances
QuickBooks Desktop has long been one of the most popular accounting software solutions for small businesses. With its user-friendly interface, robust features and affordable pricing, it's easy to see why so many business owners rely on QuickBooks to manage their finances.
The recently released QuickBooks Desktop 2024 comes with several exciting new updates and improvements that make financial management even easier. In this article, we'll highlight some of the top new tools and capabilities available in the latest version of QuickBooks Desktop.
Improved Bank Feeds
One of the most convenient features in QuickBooks is its ability to automatically download and categorize transactions from your bank and credit card accounts. QuickBooks 2024 takes bank feeds to the next level with more reliable connectivity and faster transaction matching.
You can now connect to over 16,000 financial institutions to automatically import your latest transactions into QuickBooks in near real-time. The improved bank feeds engine is also smarter about categorizing downloaded transactions, reducing the need for manual matching and allocation.
Enhanced Search Functions
Finding the transactions, contacts, reports and other information you need is easier than ever in QuickBooks 2024. The new search engine allows you to search across multiple areas of your company file at once.
You can enter keywords or transaction details like date, amount and memo to quickly pull up invoices, bills, checks and other records. The search results are organized for easy navigation between various record types.
More Customizable Reports
QuickBooks 2024 gives you more flexibility when creating custom reports. You can now add up to 15 custom columns to any report, allowing you to tailor reports to your specific business needs.
Common customizations include adding columns for sales rep, class, item type, days to due date and other unique fields. You can also rename and reorder columns for customized professional looking reports.
Improved Inventory Tracking
For product-based businesses, QuickBooks 2024 Pricing makes inventory and order management much smoother. When creating sales orders and invoices, the software reminds you when inventory is low or depleted.
You can view available inventory quantities and sales order fulfillment status right on the home dashboard. The inventory center provides an at-a-glance view of stock levels across multiple locations.
Easier Employee Management
Managing employees is streamlined in QuickBooks 2024. The improved employee center lets you view payroll info, store documents, track time and maintain accurate employee contact info in one centralized location.
Setting up new employees is fast with the ability to import details from payroll providers. The software reduces redundant data entry by letting you sync employee and payroll changes across QuickBooks, payroll systems and tax forms.
More Payment and Billing Options
Getting paid quickly and efficiently is crucial for small business cash flow. QuickBooks 2024 helps you expand your payment acceptance options with built-in tools for accepting credit cards and ACH payments.
You can enable online bill pay directly within QuickBooks to allow customers to pay invoices online with a credit card or bank transfer. This can accelerate invoice payment time and reduce manual payment collection efforts.
Enhanced Payroll Features
Running payroll is a complex and time-consuming task for many businesses. QuickBooks 2024 aims to simplify payroll with improvements like the ability to process payroll from any device.
Additional enhancements include an easy wage garnishments setup, automated tax form filings, instant access to pay stubs and W-2s for employees, and same-day direct deposit.
QuickBooks Payroll subscriptions now come with preferred pricing for worker’s compensation insurance through Next Insurance, streamlining two major HR tasks into one platform.
Integration with Apps You Use
QuickBooks 2024 plays well with hundreds of popular software apps small businesses use every day. With compatible apps for project management, ecommerce, shipping, marketing and more, QuickBooks ties all your systems together for centralized business management.
Some highlighted integrations include Mailchimp, Shopify, Gusto, Square, Bill.com and many other essential business apps. New triggers support real time syncing between apps and QuickBooks.
Improved Mobile Access
You can access your QuickBooks Desktop company file from anywhere via the QuickBooks Mobile app. Optimized for iOS and Android devices, the mobile app lets you create and send invoices, record expenses, manage contacts and view key reporting data on the go.
QuickBooks 2024 mobile improvements include faster synchronization, expanded company file accessibility and increased support for phones with larger screens like the iPhone 14 Pro Max.
Conclusion: Powerful New Tools to Streamline Finances
QuickBooks Desktop 2024 takes one of the top small business accounting solutions and makes it even better. User-focused improvements like enhanced bank feeds, flexible reporting and robust mobile access enable entrepreneurs to save time on bookkeeping and focus on running their business.
If you haven't looked at QuickBooks Desktop in recent years, the latest version may surprise you with its expanded capabilities and ease of use in managing your company's finances. With the 2024 edition, Intuit continues to help small businesses by providing an affordable path to get their books in order quickly.
