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What’s new in QuickBooks Desktop 2023

by Intuit7 Updated a day ago

Learn what’s new in QuickBooks Desktop 2023.

QuickBooks Desktop 2023 introduces several features to help automate and streamline your daily accounting tasks.

Here’s what features are included in the QuickBooks Desktop 2023 release and how you can use them to benefit your business.

New Shipping Manager

The Old Shipping Manager in QuickBooks will no longer be available after December 7, 2025. To keep using shipping tools, set up the New Shipping Manager. If you don’t see it, make sure your QuickBooks Desktop is updated to the latest version.

Mandatory Job Title for VA payroll employees

The "Job Title" field is now required for any employee subject to Virginia (VA) payroll taxes. You'll need to enter a job title before you can save or update records for employees in Virginia.

1099-MISC

The Account Mappings for “Excess golden parachute” have been moved from Box 14 on Form 1099-MISC to Box 3 on Form 1099-NEC, in line with the latest 1099-form requirements.

Intercompany transactions

You asked and we answered. You can issue a bill or check between your separate company files. This is useful if you have separate, but shared companies that conduct business with one another.

Inventory categories 

Group items into categories to keep your inventory organized. Use categories to get helpful insights about inventory stock when you run reports.

Inventory expiration date

You have the option to add mandatory expiration dates to your serial/lot numbers. Expiration dates reduce the risk of selling expired items and helps with sales decisions like discounting items that will expire soon.

Track vehicle mileage

You can use the QuickBooks mobile app to track the miles you drive for business, then import and approve them in QuickBooks Desktop. Keep track of your trips and vehicle info all year so you have your mileage deductions ready at tax time.

Cash Flow Hub

Help your business succeed with Cash Flow Hub. This one-stop solution gives you insight into the current cash status of your company. Because you can quickly see the money coming in and going out of your business, it’s easy to maintain and improve your cash flow. 

Payment links

Quickly collect payments for items that don't require an invoice by sending a payment link.

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