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I just realized that I have to upgrade Desktop Quickbooks as I have 2021 version. If I upgrade to 2024 version, 1) how long is the license for?
2) will it have online banking capability?
3) what is the advantage to buy a subscription version of Desktop?
4) will 2024 Desktop be discontinued in the near future forcing us to use online version?
PS - I do not use Payroll feature of QB
Thank you!
Ann
Hello there, RR-AM.
Let me provide insights on how the latest version of QuickBooks Desktop works and ensure you can upgrade your plan seamlessly.
Please know Intuit no longer offers a one-time license for the QuickBooks Desktop version that works or is valid for three years. We are now offering QBDT 2024 which is subscription-based that is an annual subscription that must be renewed every year to maintain access to your software.
However, if you prefer a standalone license, you'll have to buy it through a retailer. You'll need to contact your local computer software retailers or authorized resellers and inquire if they have any remaining stocks. They'll be able to help you in searching for a one-time license. You can also check out online marketplaces like Amazon or eBay, or visit online forums where users buy and sell software licenses.
On the other hand, yes, the 2024 version has online banking capability. The Bank Feed feature in QBDT accounting software offers similar capabilities to the previous or other versions, including matching transactions, creating bank rules, and reconciling statements.
Then, the advantage of buying a subscription version of Desktop, especially the 2024 edition has better data security, more productivity, and a better view of inventory levels. You can refer to this article to see further details: What’s new in QuickBooks Desktop 2024.
Furthermore, we don't have any updated details about the 2024 Desktop's discontinuation in the near future since the newest QBDT keeps working efficiently for some business owners.
Lastly, you can open this article to see the detailed steps on how you can upgrade to a more recent version of QuickBooks Desktop from within the program, Upgrade QuickBooks Desktop Pro Plus, Premier Plus, or Enterprise.
In case you need different guidelines for effectively managing your business using QBO, you can read this article: Help guide for QuickBooks Desktop.
If you have any further questions or require additional clarification regarding QuickBooks Desktop subscriptions, you can add a comment below. I'm always here to help you further, RR-AM. Take care.
If you don't need to run any add-ons after May 2024 (e.g QB Payment, QB Payroll), you don't have to upgrade to QB Desktop 2024. But if the bank feed feature is critical for your business, upgrading to QB Desktop 2024 Pro Plus or Premier Plus is another option. You will have to pay the renewal fee every year to keep your license active until 2027.
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