How to Upgrade QuickBooks Desktop to the Latest Release 2024?


Last Update: June 17th, 2025     Author: Adams Williams

Reviewed By: SMBAccountants Editorial Team

QuickBooks releases an annual upgrade that introduces new features as the latest version of its accounting software. Upgrading QuickBooks Desktop to the latest version 2024 gives you access to the latest features, improved performance, improved speed, and enhanced security.

New updates help fix existing errors in older versions and optimize QuickBooks performance, all at no additional cost to you. When you upgrade QuickBooks software to the latest version, you will ensure your company’s productivity.

If you are upgrading QuickBooks to the latest 2024 version to enjoy new features like customized payment receipts and benefit from product improvements like payment statement remittance, then you must read the complete article to easily upgrade QuickBooks to the latest version.

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How to Update/Upgrade QuickBooks Desktop to the Latest Version 2024?

When the QuickBooks upgrade of the company file is done then open the company file into the system. After this, update QuickBooks so that you have the latest release of the software to use.

By Using Your Current Version

Manual Updates

  • First, you have to turn off QuickBooks.
  • After that, you have to click on the start menu.
  • Then you have to type QuickBooks desktop and search for the icon.
  • Then you have to right-click on the QuickBooks desktop icon.
  • After that, you have to hit run as administrator.
  • No company will open the screen after hitting.
  • After that click on the Help tab.
  • Then you have to select the option of QuickBooks Desktop Update from the menu.
  • After that, you have to mark all of the options.
  • Then you have to click on the option of saving.
  • After that, you have to reset the upgrade from the Update Now section and select the checkbox.
  • Once it is ready, you have to click on get update.
  • When the QuickBooks update is finished, close the QuickBooks desktop.
  • After that, open QuickBooks again and click on Yes to install QuickBooks to the latest version.
  • At last, you have to restart your computer system or laptop.

Set up Automatic Updates

  • In QuickBooks, click on the Help menu option
  • Further, choose the option Update QuickBooks Desktop
  • Click on the tab Update Now
  • After that, hit on the Get Updates and it starts downloading the updates
  • Restart the QuickBooks software when the downloading is done
  • Then it prompts the window that asks you to install the updates
  • Then click on the Yes to accept the installation
  • Wait for installation to be done and then you are done.
By Doing It From Scratch

QuickBooks Updates If You Do It From Scratch

If you upgrade it from scratch, like uninstalling the previous version and downloading a new version, or if you are a new user. Then you have to download it, install it, and then activate it to start using the QuickBooks software.

Download The QuickBooks Version

  • Click here to download the QuickBooks software
  • You have to choose the country and then select the QuickBooks Product (Pro or Premier), also select the version that is the year
  • Click on the Search button to proceed further
  • Select the Download option
  • Then save the file into your system location where you prefer to save it.

Install The QuickBooks Desktop

  • Go to the downloaded file that has a .exe extension
  • Then double-click on the file to run it into your system
  • The install wizard opens up
  • Be prepared by having the License and Product code handy
  • Here, you have to go with the recommended installation
  • Follow the instructions shown step-by-step on your screen in the wizard
  • After completing the installation, go forward to the activation process.

Activate QuickBooks Desktop

  • To activate, open the QuickBooks Desktop software
  • Then click on the Help menu option
  • Further, choose Activate QuickBooks option
  • Go with the processing steps you get on your screen and verify the information
  • After activating the software, you can easily access it anytime.

What are the Benefits of Upgrading to QuickBooks Desktop 2024?

Upgrading QuickBooks Desktop can bring various benefits that enhance your accounting experience and ensure your business operations remain smooth and compliant.

Here’s why you might consider upgrading:

  • QuickBooks Desktop 2024 makes managing cash flow and finances simple and efficient.
  • Users can record transactions directly through the Google Chrome browser in QuickBooks 2024.
  • The software supports easy collaboration, allowing team members to share data and documents seamlessly.
  • QuickBooks Desktop 2024 offers faster load times and processing speeds, helping users save time and work more efficiently.
  • The software is compatible with Windows 10, allowing users to manage their finances using QuickBooks Desktop 2023 and the latest version of Windows.

How to Check Whether Your QuickBooks Desktop is Up-to-Date or Not?

Users need to follow the steps to check which version is being updated to the latest release:

  • First, open QuickBooks Desktop.
  • Then, press F2 and Ctrl + 1 to open the Product Information window.
  • Now, check the current version and release.
  • The last step after checking the current version and release is to verify the available QuickBooks release.

What is New in QuickBooks Desktop 2024?

QuickBooks 2024 brings powerful new features for accountants, business owners, and entrepreneurs. Here’s what you can expect:

  • Enhanced data security
  • Increased productivity
  • Improved visibility into inventory levels

And there’s even more to explore with the 2024 release!

  • Track customer prepayments (Enterprise Only)-  When your sales order gets converted to an invoice you can track customer deposits or prepayments and transfer credit.
  • Enhanced category management (Enterprise Only)– Easily track and categorize your inventory by categories and set pricing rules for each one.
  • Detailed Inventory reports (Enterprise Only)– Access category-level reports for sales and inventory to make smarter decisions. Track batches or lots and check their status with detailed Inventory Stock reports.
  • Security Enhancements– Keep your data safe with industry-leading 256-bit  encryption employed by QuickBooks Desktop 2024.
  • Improved Search– Find items effortlessly with enhanced search tools. QuickBooks Desktop 2024 runs faster with 64-bit processor support, speeding up reporting, reconciling, and invoicing.
  • Automate Reminders and Get Paid Faster– When payments are due send automatic reminders to your customers.
  • Build your brand and look professional with QuickBooks 2024– Showcase your brand with QuickBooks 2024’s design templates and maintain a consistent, professional style.
  • Faster Performance– QuickBooks 2024 uses 64-bit processors for faster performance, making reporting, reconciling, and invoicing quicker than ever.

Things to Do Before Upgrading QuickBooks Older Version to the Latest Version 2024

Many things that you are required to check and verify so that you won’t face any issues. For this, you have to keep a check on your system to ensure it is working fine. There are four major things you need to do before proceeding with the QuickBooks upgrade. These are: Make sure no component issues are there, drivers are up to date, antivirus & firewall settings configuration, update the Windows operating system, & at last, Backup Company Files. All of these things are mentioned in detail in the section below.

These few things are as follows:-

Create a Backup of Your QuickBooks Desktop Company File

  • Open QuickBooks Desktop.
  • Go to the File menu option.
  • From the drop-down options, click on the Backup Company.
  • Further, select the Create Local Backup.
  • In the new window, choose the Local Backup option.
  • Then click on the Next button to continue.
  • Hit on the Browse button in the local backup-only section.
  • You have to browse the location where you want to save the backup company.
  • You can also set the number of backups that are required. But this step is optional.
  • You have to run the test to check that the backup file has no issues.
  • When you are done and all set then click on the OK button.
  • Click on the Save it Now button and then on the Next button.
  • It starts the backup and when done you will be notified.

Update Your Windows Operating System

You have to update the Windows system according to the system requirements of the QuickBooks Desktop 2024 version you are using.

To update, the steps are mentioned below:-

  • Open the Control Panel.
  • Then click on the Update and Security option.
  • In the open-up window, click on the Windows update from the left navigation panel.
  • Then click on Check for updates.
  • It starts searching for updates and displays them on your screen that is available.
  • According to the update you required, click on the Get Update.
  • Your updates are downloaded then you have to install them.

How to Upgrade QuickBooks Desktop 2024 From QuickBooks 2023, 2022, 2021, 2020, 2019, 2018, and 2017.

How to Upgrade QuickBooks Desktop 2023 to 2024

How to Upgrade QuickBooks Desktop 2022 to 2024

How to Upgrade QuickBooks Desktop 2021 to 2024

How to Upgrade QuickBooks Desktop 2020 to 2024

How to Upgrade QuickBooks Desktop 2019 to 2024

How to Upgrade QuickBooks Desktop 2018 to 2024

How to Upgrade QuickBooks Desktop 2017 to 2024

How to Upgrade QuickBooks Desktop 2016 to 2024

Conclusion

In conclusion, you get to know that QuickBooks Upgrade is important. In this article, all the details are mentioned like how to upgrade from lower versions and how to upgrade to higher versions. Detailed steps are provided for an upgrade, other actions are also provided with a process that is required to perform before the upgrade.

Frequently Asked Questions

Q 1: What if the QuickBooks Upgrade tool is unable to find the QuickBooks desktop purchase?

Q 2: How to run the Rebuild tool while preparing the company file according to the QuickBooks Upgrade?

Q 3: What to do if my software won’t prompt for a QuickBooks upgrade subscription?

Q 4: What if I am not able to find my backup company file for restoring the backup after the QuickBooks upgrade?

Adams Williams

Adams Williams is a seasoned accounting professional with over 4 years of experience in bookkeeping, financial reporting, and business accounting solutions. Specializing in QuickBooks software, Adams combines technical expertise with clear, accessible content writing to help businesses streamline their financial processes. His insightful guides and how-to articles are crafted to assist both beginners and seasoned users in navigating accounting software with confidence.

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