Upgrade QuickBooks 2021 to 2024

Are you happy with your older version's features and tools, if yes then you’re good to go. In case, if you’re lacking advanced features or tools, Intuit has launched a new release to fulfill all missing new enhanced features and more. QuickBooks Desktop 2024 is the latest release (R3) which is a subscription-based model consisting of many new additional features and benefits. QuickBooks Pro with QB Pro Plus, QuickBooks Premier with QB Premier Plus, and QuickBooks Mac with QB Mac Plus are examples of software that combines the basic plus models. This gives you a compelling reason to go to a subscription-based model to automate and streamline your accounting operations. 

If you talk about the process to upgrade your older version i.e., Upgrade QuickBooks 2021 to 2024 this guide will be going to be very helpful. Stay tuned till the end!

This Read: Migration of QuickBooks Enterprise to QuickBooks Online

Desktop Pro 2021 to Desktop Pro 2024 - QuickBooks

To upgrade your QuickBooks Desktop (QBDT) Pro 2021 to the 2024 version seamlessly, you don't need to install intermediate versions. Ensure you have purchased QBDT Pro 2024 and have your license number ready.

Follow these steps for the upgrade:

• Download the QuickBooks Desktop Manager.
• Click "Download."
• Select the QuickBooks License Agreement and click "Let's get started."
• Enter the license number, select "Search," and choose your QBDT 2024.
• Select the email address for OTP, and enter the received OTP in the dedicated field.
• Locate your QBDT 2024 and click "Install."
• Once the installation is complete, select "Open QuickBooks" and activate it.

For more details, refer to the article: "Upgrade QuickBooks Desktop Pro Plus, Premier Plus, or Enterprise."

Next, update your company file to use it with QBDT Pro 2024.

Upgrading from 2021 to 2024 QuickBooks

If you're considering upgrading your QuickBooks software, you can compare prices on our Pricing page. Here are the steps to upgrade to QuickBooks 2024:

• Purchase the new version and download QuickBooks Desktop Manager from our website.
• Read and accept the QuickBooks License Agreement.
• Enter your license number or email address.
• Intuit will send you a one-time PIN number via email.
• Enter the PIN and select the version of QuickBooks you want to install.

You can also watch our step-by-step video guide on how to upgrade your QuickBooks software. If you choose QuickBooks Online, follow our Getting Started article for detailed instructions.

Additionally, you can apply for a payments account to process card and ACH transactions through QuickBooks products.

Why Should you Upgrade QuickBooks 2021 to 2024?

Every version of QuickBooks update on Desktop comes with a slew of useful tools. However, failing to complete a QuickBooks update download may result in you missing out on bug fixes, new tools, updated layouts, and other benefits.

• As you can see, you're already behind on a lot of important accounting functions if you stick with QuickBooks 2019, or even 2020. Some others are still using outdated versions, which is a significant disadvantage for your money.
• Other reasons to learn how to update QuickBooks include the following:

Pro Plus and Premier Plus Subscriptions

The subscription editions for 2024 will provide you and your clients with extra perks, such as:

• Access to the most recent version, which includes the most recent features, security fixes, and support for third-party operating system updates.
• QuickBooks' computational power is up to 38% faster and more dependable (64-bit).
• Unlimited customer assistance and data recovery are included at no extra cost.
• Features that help you save time and money.
• With the QuickBooks Desktop mobile app, you'll be able to work more efficiently.

Mac Plus Subscription

The subscription version for 2024 will provide you and your clients with extra perks, such as:

• Access to the most recent version, which includes the most recent features, security fixes, and support for third-party operating system updates.
• Customer support and data recovery are provided at no additional cost.
• Premium subscription features include the ability to create and categorize receipt expense transactions automatically.

Benefits of Upgrading QuickBooks Desktop 2024

Before diving into the upgrade process, let's understand why upgrading to QuickBooks Desktop 2024 is beneficial. Upgrading your QuickBooks Desktop 2024 allows you to:

• Access New Features: The upgrade to QuickBooks Desktop 2024 release brings new features and improvements that can enhance your accounting processes, improve productivity, and save time. Upgrading from QuickBooks Desktop 2021 to 2023 ensures you have access to the latest tools and functionalities.
• Improved Performance: The latest versions of QuickBooks 2024 often come with performance enhancements, making the software faster and more efficient. This can significantly improve your workflow and save valuable time.
• Enhanced Security: QuickBooks Desktop 2024 includes the latest security measures to protect your financial data. Keeping up to date with the latest version of QuickBooks Desktop 2024 ensures that you have the most robust security features available.

What’s New in QuickBooks Desktop Windows This 2024 Year?

QuickBooks Desktop for Windows is getting a new look. The following are the modifications to the 2024 lineup:

• Subscription-based product lineup:  Pro and Premier Products will now only be available as Pro Plus and Premier Plus subscriptions. This approach allows you to provide more innovative, value-added, and productivity-enhancing solutions that better suit the demands of your customers.
• Plus benefits/features: This year's Desktop subscriptions contain several innovations that are designed to assist you and your clients in executing accounting activities faster and more efficiently than ever before.

Precautions to Take Before Going to Upgrade QuickBooks 2021 to 2024

• Before you begin upgrading the company file, make a file backup of the current version to ensure that your data is safe in the event of a technical problem.
• Make a backup of the current version first.
• Then, to upgrade QuickBooks 2021 to 2024 or the current version, follow the steps.

Related: Upgrade QuickBooks 2020 to 2024

Process of Upgrading QuickBooks 2021 to 2024

Here's a step-by-step guide to assist you in upgrading QuickBooks to the most recent version, follow these steps:

Although there are several ways to upgrade your QuickBooks Desktop to the most recent version, all versions of the program can use the same approach, which is detailed below in How to upgrade QuickBooks to a newer edition. 

Step 1: Backup Your Current QB Version 

• Open the current version of the application, i.e. QuickBooks 2024
• Admin user access is required to access the company file
• At the upper left of the tab, click the File menu
• With your cursor, go to the Backup Company option
• Select the Create Local Backup option once you've visited the Backup Company tab
• The Create Backup window will appear
• You'll be given the option of storing your company file backup in one of several locations.

Important Note: A backup is kept both online and on the PC. Select your preferred backup storage option and click the Next button.

• Click the Options button within the Create Backup box if you need to make any more adjustments to your current backup settings
• The application will then begin creating your backup. Close the window once the backup has been saved.

Step 2: Upgrade QuickBooks 2021 to 2024 Version 

QB upgrade usually can be done either way manually or automatically. 

Manual Upgrade

• To begin, log in to your Windows computer as an administrator
• Then, go to the official Intuit website and download the most recent QuickBooks version
• Once the download is complete, you'll be given a QuickBooks upgrade path, which is nothing more than the location of the downloaded file
• You'll be requested to continue the installation by double-clicking on the downloaded file, and the installation instructions will display on your Install wizards.

Automatic Upgrade   

You can accomplish the automatic process in one of two ways: set up automatic updates or schedule future automatic updates.

Set Up Automatic Updates

• To begin, go to the "Help" option in your software and pick "Updates QuickBooks Desktop"
• Then, navigate to the "Update Now" tab
• The download will begin after you select the "Get Updates" option
• Accept the option if prompts appear to install the updated release.

Schedule Future Automatic updates 

If you don't want to download the most recent update right when it's available, you can schedule it for later:

• To begin, select "Help" from the menu bar
• Choose "Update QuickBooks Desktop" from the drop-down menu
• Go back to the Options tab
• Then select “Yes” to enable automatic updates
• Finally, click on the “Close” tab. 

Also Read: QFX File to QuickBooks

Step 3: Upgrade Your Company file 

• In the beginning, you make sure to use multi-user mode to ensure that you are the only one who has access to it
• Then go to the File menu and select "Open and Restore Company File"
• Now, select the same backup copy as before
• Click Continue to carry on with the process
• After that, you must open the company file by clicking on it
• Now that you've logged in as an Administrator, click the Upgrade button
• To do so, follow the wizard instructions that appear on your screen
• Finally, when the update is finished, click the “Finish” button.

Final Words!

By upgrading to QuickBooks Desktop 2024, you'll gain access to all of the new features, including Instant deposits for QuickBooks Payments, Simplified Assisted Payroll activation, and more. You should upgrade QuickBooks 2021 to 2024 if you want to accelerate your business growth by optimizing your accounting processes. Moreover, you'll have access to the world's most trusted accounting solution quickly, easily, and globally.

Frequently Asked Questions

Q 1: Can I still purchase QuickBooks Desktop 2024?

Ans: After July 31, 2024, the halt in sales of QuickBooks Desktop to new customers won't impact QuickBooks Enterprise. New customers interested in QuickBooks Enterprise can still buy subscriptions through phone sales or online channels even after the specified date.

Q 2: Will QuickBooks Desktop payroll be discontinued?

Ans: We have two updates regarding the discontinuation of QuickBooks Desktop (QBDT) payroll services. Firstly, starting from May 31, 2024, all QBDT 2021 software will no longer be supported. This includes all versions of QuickBooks Desktop Pro, QuickBooks Desktop Premier, QuickBooks Desktop for Mac, and QuickBooks Enterprise Solutions v21.