QuickBooks Online new features and improvements—January 2023 - article (2024)

FAQs

What's new with QuickBooks Online 2023? ›

Speeds for standard ACH payments through QuickBooks Online have improved to 3-5 business days for most transactions (previously 5-7 business days). In addition, you can take advantage of Faster ACH, which provides next-business-day payment delivery for a $10 fee.

QuickBooks Desktop 2024 has better data security, more productivity, and a better view of inventory levels. Here's what features are included in the QuickBooks Desktop 2024 release and how you can use them to benefit your business.

In a nutshell: To help save time, you can now use a keyboard shortcut to run payroll from anywhere in QuickBooks Online. After logging in to QuickBooks to run payroll, you don't need to spend time navigating through multiple screens to reach the Payroll tab.

When does service discontinuation happen? After May 31, 2024, your QuickBooks Desktop 2021 software will be discontinued.

In a nutshell: If you use QuickBooks Online Payroll, you can now create more complete employee records. Along with the recent additions of emergency contact information and the ability to upload HR documents like contracts and HR records, employers can store even more important data right inside QuickBooks.

We just made payroll tax setup easier with a new tax readiness widget. This widget helps ensure you've provided all the information needed to take advantage of the AutoTax feature—such as Federal EIN, State Registration ID, plus the filing and payment schedules unique to your state.

QuickBooks Desktop Accountant 2024 was launched on September 8, 2023 by Intuit. It was earlier than expected date stated by Intuit.

Intuit has made a decision that after July 31, 2024, it'll no longer sell new subscriptions of the following products: QuickBooks Desktop Pro Plus. QuickBooks Desktop Premier Plus. QuickBooks Desktop Mac Plus.

After you review all of your financial data, you can close your books for the year-end. It can prevent unwanted changes that may affect your financial reports before the closing date and before filing your taxes.

Why switch to QuickBooks Online? ›

QuickBooks Online vs. Desktop. Over 2.3 million Desktop customers have made the switch to QuickBooks Online. Access your books from any device (PC, Mac, mobile, tablet) and collaborate with your team across locations without any software to install. Freedom to work from anywhere, on any device.

Intuit has officially cancelled the QuickBooks Desktop 2018 software in 2021, and will discontinue critical security updates for the software starting from June 1, 2021. Intuit also plans to stop providing support services such as Online Banking, Desktop Payroll Services, Live Support, and Online Backup.

The QuickBooks 2023 Keep Crashing issue on Windows 11 can be attributed to various factors, including software conflicts, corrupted components, inadequate system resources, or issues with the company file. These disruptions not only hamper productivity but can also lead to data loss if not addressed promptly.

Intuit has stated that QuickBooks Desktop is being phased out gradually, and they eventually want to move entirely to QuickBooks Online (QBO). It's easier to maintain one web-based platform that all users can utilize instead of building different products to fit specific requirements.

New Enterprise customers can continue to purchase QuickBooks Enterprise subscriptions from phone sales agents and online after July 31, 2024. Existing Enterprise customers are also not affected by this announcement and can continue to renew their subscriptions upon their renewal dates.

To put it simply: QuickBooks Online is a better fit for businesses that prioritize real-time collaboration and better accessibility to their accounting data. QuickBooks Desktop is best for businesses that prefer implementing locally installed software. It provides better control over data and more stability.

Nothing changes. We simply copy the data and transfer it to QuickBooks Online. You'll still keep the QuickBooks Desktop company file with your data. Going forward, you'll input new data in QuickBooks Online and you'll keep your old info in QuickBooks Desktop where you left off.