How Much Does QuickBooks Desktop 2024 Cost? Pricing for Upgrades
QuickBooks Desktop is Intuit’s market-leading accounting software for small and midsized businesses. Millions rely on its robust tools for financial management, payroll, reporting, inventory, and more.
QuickBooks Desktop sees yearly updates that add new capabilities and improvements. The most recent version at the time of writing is QuickBooks Desktop 2023.
Looking ahead, Intuit will likely release QuickBooks Desktop 2024 in the fall of 2023. For current users, an important question is how much it will cost to upgrade.
This article breaks down the pricing details, licenses, and discounts available for QuickBooks Desktop 2024 to help you budget for the upgrade.
Overview of QuickBooks Desktop 2024: New Features
Before diving into pricing, let’s quickly recap what new features and updates QuickBooks Desktop 2024 will likely include:
- Modern and improved visual charts and graphs for insights
- Expanded options for tracking income and expenses
- More customizable and interactive reports
- Increased integrations with third-party apps
- Enhanced tools for e-commerce sellers
- Under-the-hood speed and performance improvements
- Support for multiple or higher resolution monitors
QuickBooks prioritizes evolving its software through new versions to meet changing business accounting needs and take advantage of technical capabilities.
You can expect the 2024 release to follow this trend with useful updates for the modern business environment.
QuickBooks Desktop 2024 Pricing for New Users
If you are looking to purchase QuickBooks Desktop 2024 as a new customer, here is an overview of the standard pricing:
- Simple Start: $299.99 per year
- Essentials: $399.99 per year.
- Plus: $449.99 per year
- Advanced: $799.99 per year.
These prices are the MSRP (manufacturer’s suggested retail price) set by Intuit.
You can often find discounts of $20–50 off these prices when purchasing through third-party distributors like Amazon.
Additionally, QuickBooks offers discounted rates for:
- Nonprofit organizations
- Educational institutions
- Accounting professionals
Overall, expect to budget between $300 and $800 for a new QuickBooks Desktop 2024 license, depending on the version that meets your feature needs.
Upgrade Cost for Existing QuickBooks Desktop Users
If you already use an older version of QuickBooks Desktop, upgrading to the 2024 release will cost less than purchasing a new one.
The cost to upgrade QuickBooks Desktop versions is usually $299–$399 when you renew your license key.
For example, upgrading from QuickBooks Desktop 2023 to 2024 will likely cost around $349 for an existing subscriber.
Some users may even qualify for free upgrades if they are within the current upgrade eligibility window from their last purchase date. Check with QuickBooks Support to see if you have a free upgrade available.
Overall, the upgrade pricing represents a nice savings compared to buying QuickBooks Desktop 2024 as a new customer.
Ways to Get Discounted Pricing
In addition to the standard pricing above, there are some ways to get discounted rates on QuickBooks Desktop 2024:
- Buy from third-party retailers: As mentioned earlier, sites like Amazon tend to offer $20–50 off.
- Nonprofit discounts: Verified nonprofits can get savings directly from Intuit on licenses.
- Volume discounts: Purchasing 5+ licenses can qualify you for tiered volume discounts.
- Education pricing: Teachers, students, and schools can request education pricing.
- Accountant discounts: Get exclusive discounted pricing as a ProAdvisor member.
- Bundle with payroll: Adding payroll can bundle your savings versus separate purchases.
- Upgrade eligibility window: Upgrade free if within 60 days of your last purchase.
- Promotions and sales: Look for seasonal sales around back-to-school and the end of the year when purchasing.
With some savvy shopping and stacking eligible discounts, you may potentially buy or upgrade to QuickBooks Desktop 2024 at an affordable price.
What’s Included in Each Edition?
QuickBooks Desktop is available in four versions catered to different business needs. Here’s an overview of what’s included in each:
1. Simple Start
- Best for service-based businesses
- Manage income, expenses, and invoices.
- Single-user access
- Live bookkeeping help
2. Essentials
- Expanded reporting
- Track payables/receivables
- Multi-user licenses
- Inventory tracking
3. Plus
- Advanced customization
- Automated workflows
- Project costing
- Budgeting
- 1099 contractor payments
4. Advanced
- Dynamic reporting engine
- Advanced inventory
- Custom fields/forms
- Automated purchasing
- Payroll integration
- Accountant collaboration
Choose the edition with the features that best match your business requirements. Higher tiers provide more robust capabilities, but at an increased cost.
Additional Purchases to Budget For
Beyond the base QuickBooks Desktop license, some additional purchases to factor into your budget could include:
- Additional user licenses: $299/year for each extra user needing access.
- QuickBooks Payroll: Starting at $45/month with a discount for the desktop bundle
- QuickBooks Online Integration: $7 per month to sync with the online version
- Direct deposit: $35/month for paycheck direct deposit
- QuickBooks Live Bookkeeping: Starts at $200/month for automated bookkeeping assistance.
- Product support plan: Extra $299/year for unlimited tech support
- Advanced inventory: Extra monthly cost for the Premier or Enterprise package based on the number of items
Factor in any of these additional services you may need for a complete picture of your total software costs.
Payment Options for QuickBooks Desktop
When checking out, you can purchase or upgrade QuickBooks Desktop using:
- Credit/debit card: Visa, Mastercard, American Express accepted
- ACH/electronic funds transfer: Deducted directly from your bank account
- Wire transfer: For very large purchase orders
- Check: Option to pay by mailed check
- Amazon Pay: Check out with your Amazon account for purchases on Amazon.com.
- PayPal: Check out quickly using your PayPal balance or linked accounts.
- Purchase order: Larger organizations can provide a PO# to be invoiced.
This wide range of payment options makes the cost of QuickBooks Desktop more manageable.
Should you upgrade to QuickBooks Desktop 2024?
Upgrading to the newest version of QuickBooks Desktop each year allows you to:
- Access new features and capabilities
- Maintain compliance with the latest tax codes.
- Improve performance, speed, and stability.
- Use integrated apps and improved workflows.
- Enable better data sharing with your accountant.
- Stay current on patches and fixes for security and errors.
New versions also often support the latest OS, hardware, and integrations for smoother operation across your tech stack.
While the upgrade cost may feel like an additional expense in the short term, it pays dividends by preventing disruptions in your financial systems in the long term.
Hopefully this breakdown gives you a clearer picture of the QuickBooks Desktop 2024 pricing and budget considerations for an upgrade. Stay tuned for the official launch!
FAQs: QuickBooks Desktop 2024 Pricing
What’s the cheapest way to get QuickBooks Desktop 2024?
The most budget-friendly option is to upgrade from your existing version if you are eligible for free upgrade pricing at the time. Otherwise, buying discounted from third-party retailers offers savings versus buying direct from Intuit.
Can I deduct the cost if I am self-employed?
Yes, the cost of QuickBooks Desktop for your business is considered a tax-deductible operating expense that reduces your self-employment income.
How long does the license last?
QuickBooks Desktop licenses are valid for 12 months from the purchase activation date. You’ll need to renew each year to keep using the current version.
Is tech support included?
Basic tech support is included. You can add on an Enhanced Support plan for unlimited 24/7 technical assistance and training.