Intuit has already launched QuickBooks Desktop 2023 with new program-related products for its users. The new version has many new and improved features, pricing, license policy and much more for its regular users as well as accountants all around the world. We will be discussing all about the new release in this article, so buckle up and explore everything you are interested in in the QuickBooks Desktop 2023. Or get on a call with our certified professionals at ++1-844-539-0188, in case of any doubts and queries.
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Release Notes for QuickBooks Desktop 2023:
We regularly update QuickBooks to improve your experience and fix problems. New features and improvements are described in these release notes.
QuickBooks will download updates for you if automatic updates are turned on. However, you can manually check for updates at any time.
The release schedule has been announced as mentioned below:
- QuickBooks Accounting Edition release date is September 6, 2022.
- The general release date of QuickBooks Desktop 2023 is September 20, 2022.
Release 4_69 (R4_92) May 2023
Change in inventory
- Use the categories in Add/Edit Multiple List Entries and copy-paste from Excel to embed and edit the category categories proportionally.
- Use the new welcome screen to understand what the categories mean.
- The Category Center has been renamed to the Category List to look more like an Item List.
Web connector changes
The consent screen now has a new, unnecessary option type. This setting disables the consent screen’s unattended access option, gives developers the choice to integrate apps, and performs data synchronization only when QuickBooks is active.
Release 4_101 (R4_101) – April 2023
Payroll
- With 401(k) instructions you can offer 401(k) employee retirement benefits directly from QuickBooks Desktop. All advanced and supported payroll users have access to the 401(k) Guideline.
- Sign in as an administrator to QuickBooks Desktop and then sign in to your Intuit account to access and sign up for the 401(k) Guideline retirement plan.
- Redesign the employee center to make it easier for you to enter the data you need for your employees.
- The discovery sections and the employee’s profile page are updated to help you identify incomplete employee profiles and understand the benefits of complete employee profiles.
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Release 3 (R3) – October 2022
Inventory
- Use the category list view to manage your inventory. When moving multiple items, use Find and Select, or create a report, use categories. Note: Version 1 (R1) will no longer support the Category feature; only version 3 (R3) and above support it.
- Check the expiration status report. Filter by shipment’s serial number or expiration date.
Intercompany transactions
- Use the intercompany dashboard and report date range filters.
- Edit all fields of the intercompany general journal entry minus the amount and the account.
- When you authorize transactions between companies, you can change the default due-to-account.
Cash Flow Hub
Direct connect banks are present in all Cash Flow Hub accounts. Includes multiple banks to track balances in one place.
1099 changes
The position of the year on the new 1099 NEC and MISC forms has been changed. By IRS regulations, the FATCA mailbox number and subsequent box numbers on Form 1099 MISC have also been changed.
View Only Mode
Learn more about QuickBooks Desktop view-only view after your subscription expires or is canceled.
Money Transfer License (MTL) Payment Compliance
Payment receipts are now MTL-compliant after online payment processing. Receipts now include MTL-exclusive features and information, including payment amount, total amount, transaction date, payment method, and authorization code.
Issue Fixes
- The Inventory Valuation Summary report is compatible with the Software Developer Kit API.
- Pricing for an item that sells for $10,000 or more is backed by an invoice.
- From the No Company Open screen shortcut, type to open the QuickBooks company file.
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QuickBooks Desktop 2023 Updated Prices:
As per the announcement made by the director of QuickBooks Ted Callahan, there will be no discount on the QuickBooks Desktop products or any other medium. Please go through the prices in the table below for QuickBooks Desktop 2023.
| QuickBooks Desktop Products | Price |
| QuickBooks 2023 Desktop Pro Plus | $549 |
| QuickBooks 2023 Desktop Mac Plus | $549 |
| QuickBooks 2023 Desktop Premier Plus | $799 |
| QuickBooks Desktop Enterprise 23.0 | Prices Remain Unchanged for the 2023 Launch |
| QuickBooks 2023 ProAdvisor | Premier Bundle $799 |
| QuickBooks 2023 ProAdvisor | Enterprise Bundle $1299 |
QuickBooks Online Version 2023 Prices:
| QuickBooks Online Version Products | Price |
| QuickBooks Online Simple Start | $30/month |
| QuickBooks Online Essentials | $55/month |
| QuickBooks Online Plus | $85/month |
| QuickBooks Online Advance | $200/month |
| QuickBooks Online Multi-Company Package | Parent entity – 30% off the current retail price and $20 for each additional file. |
Things to consider before choosing a version of QuickBooks:
Depending on the size of the business, choosing the right product assumes that the user is running a business and may expand their business in the future. Sometimes small business products don’t meet the requirements. Intuit manufactures a variety of products for business users to better suit your needs.
Which version of QuickBooks you will get depends on user requirements. Each variant of QuickBooks is articulated to simplify specific business requirements:
- QuickBooks Desktop provides the full functionality of the program.
- QuickBooks Online is basically for business use to guide your business simply. QuickBooks Online is the right choice for businesses of all sizes.
- QuickBooks Online is a simple yet dynamic tool that offers a wide range of features and functions covering all aspects of accounting, bookkeeping and financial reporting in an SME.
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QuickBooks Desktop 2023 and Enterprise 23.0: New and Improved features
To give you a better experience and fix problems, QuickBooks is updated regularly. This blog will help you explain what’s new and improved. If you turn on automatic updates, QuickBooks will download the updates for you. You can also manually check for updates at any time. Browse this blog to learn what’s new and improved in the latest QuickBooks 2023 and Enterprise 23.0 updates.
New and improved features of QuickBooks Desktop Plus 2023
Ted Callahan, QuickBooks Accounting Manager at Intuit, announced that in 2023 you’ll find four new or enhanced features available to QuickBooks Desktop Plus 2023 (Pro and Premier) users as well as all users of QuickBooks Enterprise and Accounts. These features include updated vehicle mileage tracking, a new cash flow hub, improved reporting, and improved banking connectivity.
With a first-hand view of customers’ business processes and reports, QuickBooks® Desktop Plus 2023 contains features that improve decision-making, efficiency, and productivity. This article details all the updated and new features.
It’s time for QuickBooks Desktop 2023. This year, Intuit released an update that has introduced many new features and improvements in QuickBooks Desktop. Read on as we review the benefits, evaluate new features, and cover the improvements in QuickBooks Desktop 2023.
Let’s start by discussing the new features and enhancements in QuickBooks Desktop 2023 for all models, including Pro Plus, Premier Plus, and Enterprise, before discussing the new features in QuickBooks Enterprise 2023.
New and Improved Cash Flow Center
Included with: QuickBooks Desktop Pro Plus, Premier Plus, Account Plus 2023 and all versions of Desktop Enterprise 23.0.
To access: From the menu bar, select Company > Cash Flow Center.
You can quickly review, manage and track your cash flow with the Cash Flow Hub. It acts as a central hub and gives you access to the accounts you follow to keep track of your available cash, such as bank accounts, credit cards, and loans. You can also control your money in and out transactions from here. Customers can view account balances, add accounts to the list of monitored accounts, analyze cash balance trends, track their cash performance over some time, track bills and overdue payments as well and review all cash statements. As of the initial 2023 (R1) product release, Cash Flow Hub is available to all Desktop Plus, Enterprise, and Account 2023 users in the US. The Company menu or the Reports menu can be used to access it. On the home screen, you can also select Cash Flow Hub from the sidebar shortcut to access it.
Manage the accounts you want to display. To view a more detailed report, click.
See money coming in and out for a given period. Access to related transaction activities and reports is conveniently provided by route.
New and Improved mileage tracking
Included with: QuickBooks Desktop Pro Plus, Premier Plus, Account Plus 2023 and all versions of Desktop Enterprise 23.0.
To access: From the menu bar, select Business > Vehicle mileage tracking.
While vehicle mileage tracking isn’t a completely new feature to QuickBooks, it will be implemented in a completely different way in 2023. Desktop Plus, Enterprise, and Account 2023 users all have access to vehicle mileage tracking. It is To access from the Company menu.
Only iOS-enabled mobile devices are capable of tracking mileage. Also, an Intuit account login and login is required for this feature. You should know that only QuickBooks Desktop Enterprise, Pro Plus, and Premier Plus users can track mileage on iOS-enabled mobile devices.
This tool allows you to easily record, monitor, and view your company’s mileage in one place using your iOS desktop or mobile device so you can report accordingly to the IRS and the customer claims a refund. Plus, by combining all business trip mileage information and automatically using the latest IRS rates to calculate deductions, you can simplify your year-end tax filing. By providing your customers with a complete mileage log with travel destinations, you can bill your customers more accurately. Easily view, track and report all business trips in one place for easy expense management.
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New and Improved Banking Connections
Traditional methods of banking connectivity through desktop-powered banking servers have been used by hundreds of thousands of businesses to upload their banking and credit card transactions. Because traditional methods are prone to connection stability and security issues, many banks are turning to API-based connections, an approach taken by QuickBooks Online.
Included with: QuickBooks Desktop Pro Plus, Premier Plus, Account Plus 2023 and all versions of Desktop Enterprise 23.0.
To access: From the menu bar, select Banking > Bank feeds > Set up bank feeds for accounts.
QuickBooks Desktop, a brand-new release in 2023, provides enhanced banking access with a modernized platform to address connectivity and security issues. Online banking is enhanced in at least three ways through better banking connections:
- Many banks that previously only offered download banking and did not offer direct connections will now be able To access.
- Consistency, disruption and downtime of banking connections will increase.
- QuickBooks Desktop can be programmed to automatically download financial data at user-specified intervals and retrieve banking (or credit card) information.
From the Bank feed in the Banking menu, you can set up an advanced banking connection. Alternatively, you can access it from the shortcut sidebar on the Home screen by selecting Bank feed.
New and Improved Payment Links Tracking
Included with: QuickBooks Desktop Pro Plus, Premier Plus, Account Plus 2023, and all versions of Desktop Enterprise 23.0 with an active QuickBooks Payments account.
To access: From the menu bar, select Customer > Payment Link
Sending a payment link lets you quickly collect money for purchases that don’t require an invoice, and the new payment link dashboard lets you see the status. It is helpful to receive funds without billing for consultations, first deposit, etc. The new payment link dashboard makes it easy to track claim progress and issue reminders. Send a link to your consumers via SMS or email to request payment so they can pay online.
New and Improved Node Card Reader
Included with: QuickBooks Desktop Pro Plus, Premier Plus, Account Plus 2023, and all versions of Desktop Enterprise 23.0 with an active QuickBooks Payments account.
To access: From the menu bar, select customers > Receive Payment
With an active QuickBooks Billing account, it is available to users of QuickBooks Desktop Pro Plus, Premier Plus, Account Plus 2023, and all versions of Desktop Enterprise 23.0. Pick the customers > From the menu bar Receive Payment to go there.
A new card reader has been introduced in QuickBooks that allows you to receive payments without contact like Apple Pay, Google Pay and other methods by the clients in person. Since the introduction of the New Card Reader all the payments are recorded instantly and side by side get matched making sure that you are left with no additional work.
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New and Improved Equifax Verification of Employment and Earnings
Included with: QuickBooks Desktop Pro Plus, Premier Plus, Account Plus 2023, and all versions of Desktop Enterprise 23.0 with an active QuickBooks payroll subscription.
To access: From the menu bar, select Edit > Preferences > Benefits & HR > select to opt in or out of the feature.
For the first time in 2023, QuickBooks Desktop and Equifax teamed up to automate employment and income verification requests for active users of the Desktop Payroll service. Since the verification process has been automated, it has become much easier to respond to this type of information. Being conducted according to Equifax security measures also makes the process significantly more secure. This means employees often get loan, credit or assistance decisions faster.
QuickBooks Desktop preferences now have a Benefits and Human Resources tab. Company preferences (QuickBooks >> Edit >> Preferences >> Benefits & Human Resources >> Company Preferences >> Income & Employment Verification) have a section titled Income & Employment Verification.
New and Improved HCM with 401(k) Guidelines
Included with: QuickBooks Desktop Pro Plus, Premier Plus, Account Plus 2023, and all versions of Desktop Enterprise 23.0 with an active Assisted Payroll subscription.
Your employees will benefit greatly from retirement plans. As users with QuickBooks Desktop Assisted Payroll2 subscriptions, Guideline and QuickBooks teamed up to provide QuickBooks Desktop users with affordable, fully integrated 401(k) plans. Users can choose and configure the plan in QuickBooks Desktop that’s right for their business and employees. Once they’ve set up and managed their Supported Payroll with their new contributions, they won’t need to take any further action as the Guide will automatically receive information and contributions.
New and Improved Purchase Order and Bill Workflow Approvals
Included with: QuickBooks Desktop Enterprise (Platinum, Diamond) 23.0 and Enterprise Accountant 23.0
To access: Login as Administrator and from the menu bar, select Company > Set Up Approval Processes.
With the ability to approve orders and invoices in a single dashboard, you can maintain oversight of your business and help reduce fraud. With invoice and order approval, you can reliably delegate operations related to accounts payable and orders.
For repeatable order approval and invoice flows, use time-saving and easily customizable business templates. Continuous monitoring of approved transactions with automated test tracking information, such as approver name, creator information and any related comments, and automatic reminders to employees so they can act before the approval deadline.
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New and Improved Inventory Expiration Dates and Lot Numbers
Included With: QuickBooks Desktop Enterprise (Platinum, Diamond) 23.0 and Enterprise Accountant 23.0.
To access: Log in as Administrator and from the menu bar, select Edit > Preferences > Items & Inventory.
Select the Serial Number/Lot and Expiration Date tab after clicking the Advanced Inventory Settings button. Upon activation, you can choose which items require a batch number and expiration date if required.
With its multi-level deep sorting and expiration date support, you can manage your inventory more successfully. By displaying the expiration dates of your inventory and incorporating them into transactions like purchase orders, invoices, and more, you can minimize business loss and sell quickly.
Including expiration dates in customer interactions, also helps reduce the company’s liability. Use reports on expired or soon-to-be-expired inventory by batch or serial number and transaction history to take quick action. By quickly replacing and replenishing obsolete products from stock, inventory can be updated.
New and Improved Intercompany Transactions
Included With: QuickBooks Desktop Enterprise (Platinum, Diamond) 23.0 and Enterprise Accountant 23.0.
To access: From the menu bar select Company > Intercompany transaction > Pending my Approval.
Purchase QuickBooks Desktop 2023 if your company works internally with another company or joint venture. Gaining transparency through seamless tracking of business-to-business transactions makes it easier to manage your organization.
New and Improved Reports Performance Optimization
Included With: QuickBooks Desktop Pro Plus, Premier Plus, Account Plus 2023 and all editions of Desktop Enterprise 23.0.
To access: When creating reports with large amounts of data.
With some of the more complex reports in QuickBooks, users with large company files often encounter report generation time issues. Examples of these reports are A/R aging reports. Improvements implemented by QuickBooks in 2023 improve reporting performance for larger corporate files (>300MB). Note that the report’s interface remains the same, but these reports load faster than previous versions of his QuickBooks Desktop. All editions of Enterprise Accountant 23.0 and QuickBooks Desktop Enterprise have access.
New and Improved QuickBooks Desktop Mac Plus 2023
Save time by scheduling and paying bills in QuickBooks. This will automatically mark the payment as paid and notify you when it is sent. Pay your suppliers by card or wire transfer, then send them by check or wire transfer for greater financial flexibility. Additional charges apply for credit card payments, optional Fast ACH and Fast Check express services, and use of other options.
You can also save time by automating invoice entry with QuickBooks. Simply link a shared macOS photo album to your company files. When new incoming transactions are uploaded, they are automatically pre-populated for approval. Organize your customers by grouping them by type, status, location and balance. Plus, you can quickly add images of invoices, receipts, and other documents to your company files by automatically uploading them from your shared photo album on macOS.
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Features of QuickBooks Desktop Mac Plus 2023:
As we have discussed above, Intuit released QuickBooks Desktop 2023 to improve user experience. Mac Plus also comes with amazing accounting features that will ease the accounting tasks that you do regularly.
Pay Bills Online
Spend less time planning and paying your bills with QuickBooks, which then displays that the bill has been paid and notifies you when the money has been transferred. Transferring funds by physical check or wire transfer gives you more financial flexibility when paying vendors by card or wire transfer. Additional fees apply when using optional Fast ACH and Fast Check Expedite services or when paying by credit card.
Upload Invoice
To save time, automate the QuickBooks invoice entry process. Simply connect a shared macOS Photos album to your corporate file and any new receipt transactions will be pre-populated for review as soon as they’re added. Include files that include invoice transactions in your records to maintain orderly checkout processes. Save time by comparing data from imported receipts with completed transactions.
Enhanced customer management
Stay on top of things by categorizing your customers into different categories based on their type, status, location, and balance. You’ll learn faster if you use custom reports that automatically update as customer information changes. You can target and communicate more effectively with your customers by categorizing them into different categories. Synchronized images.
Synced Images
Stay organized by quickly adding photos of invoices, receipts, or other documents to your business files with automatic uploads from the Shared Photos album on macOS. There will be less manual filing required, making it easier to manage the audit and record-keeping process. Automatically upload multiple files at once to your company files. Invoices and receipts can be processed faster on macOS by directly uploading documents from a shared photo album.
QuickBooks Desktop Pro Features and Pricing in 2023:
| PROS | CONS |
| Managing inventory and determining cost of goods sold (COGS) | You should contact a QuickBooks salesperson because QuickBooks Pro is no longer available on Intuit’s website |
| Using the accounting copy, export the previous year’s data while processing the current year’s data. | The inventory set cannot be tracked like in QuickBooks Premier. |
| Use QuickBooks’ extensive network of independent professional advisors | Unable to manage fixed assets. |
| Employee time tracking and customer invoices | No versions for specific versions like Premier and Enterprise |
| Compare estimated costs with actual costs | Limited to three users. |
| Desktop software must be installed |
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When to use QuickBooks Desktop Pro:
- Manage several companies: In our opinion, QuickBooks Desktop is the best multi-company accounting software because you can manage the books of countless companies with just one sign-up.
- Companies that prefer desktop software: QuickBooks Desktop is perfect for business owners who have Internet connection and speed issues because it doesn’t require an Internet connection to work. As a result, this is the best farm accounting software we have.
- Companies with internal accountants: QuickBooks Desktop works best if you have in-house bookkeepers working from a single computer, allowing you to work closely with them to check your books offline instead of online.
- Companies with minimal inventory: QuickBooks Desktop Pro will suffice if all you need is basic tracking of inventory costs and inventory levels without the need to manage merchandise spread across multiple locations.
QuickBooks Desktop Pro New Features for 2023:
- Cash flow center: You can manage your cash flow in one place with this new tool, available in all QuickBooks Desktop plans. You can simply view your account balances, add new accounts, track past due bills and payments, track cash performance over time, and generate cash flow reports.
- Automatic distance tracking: QuickBooks Pro 2023 automatically tracks your distance traveled, saving you the time and effort of manually entering odometer measurements. Just enter your start and end locations and QuickBooks will automatically calculate the distance for you. Only iOS devices are supported for this feature. This feature can be used from the desktop or the mobile app.
- Payment link: To make it easier to collect payments from consumers, QuickBooks Pro 2023 allows you to create custom payment links. Simply create a custom link in QuickBooks and the system will send your vendor billing information along with a pay button.
QuickBooks Desktop Pro Price:
The price of QuickBooks Desktop Pro 2023 with an annual subscription starts at $549.99 per user. While its price may be reasonable for a single user, the price increases with each additional user, which explains its low rating. QuickBooks Pro price breakdown per user is shown below:
$549.99 per user, yearly
The cost per user per year is $749.99.
$3,999.99 per year for three users
QuickBooks Desktop Pro Deciding Factors:
Supported business types
Up to three accounting users in small and medium businesses (SMEs)
Price
- $549.99 per year for one user
- $749.99 per year for two users
- $949.99 per year for three users
Money back guarantee
60 days from the date of purchase
Share files easily with accountants
To send a copy of the accounting to your accountant, you must make one; It’s not as simple as sharing files in QuickBooks Online (prompting users via email).
Salient features
- Use the average cost method to track inventory and cost of goods sold.
- Control and monitor sales tax
- Compare estimated and actual project costs
- Scan receipts via the mobile app
- Track unpaid invoices
Ability of extension
It is only scalable to three users
Overall easy to use
Overall usability is above average; not as user-friendly as cloud-based accounting software.
Customer service
Callback-only support, live chat, chatbots, and self-help resources.
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QuickBooks Desktop Premier Features and Pricing in 2023:
| PROS | CONS |
| It includes versions that cover specific industries. | Software installation is required. |
| Compared to cloud-based software, data entry is quick. | Sharing data with external accountants is more difficult than with cloud-based software. |
| Compared to cloud-based software, fast data entry | Powerful features are confusing. |
| User-created layers for multiple locations or product types. | They should not be used with more than five users. |
| User-created layers for multiple locations or product types | The mobile app has very few features. |
| Financial statements cannot be consolidated. |
When to use QuickBooks Desktop Premier:
- Users working at multiple companies: You can manage the books of multiple companies using a single QuickBooks Desktop Premier. If you don’t want consolidated financial statements, Premier is our best multi-business accounting software.
- Full-time corporate accountant: A full-time accountant working in QuickBooks all day will be more productive with QuickBooks Desktop Premier than with cloud-based software because QuickBooks Desktop Premier works faster than cloud-based programs.
- Specific industries: There are five industry-specific versions of QuickBooks Desktop Premier:
- Non-profit organizations
- Manufacturers and distributors
- Professional service companies
- Businessmen
- Retailers
QuickBooks Desktop Premier New Features for 2023:
- Tags for inter-company transactions: This new functionality will allow you to generate consolidated reports without manually adjusting transactions between companies, making it easier to manage multiple business entities.
- Cash flow center: This makes it easier to keep track of your debts, bank accounts, and credit card balances. You can now analyze account balances, view cash balance trends, manage bills and past due payments, and track cash performance over some time with Premier 2023.
- Improved mileage tracking: QuickBooks Premier 2023 allows you to automatically track business mileage from a desktop or mobile device and get approval from a manager or supervisor. Just enter the start and end points of your trip and the app will calculate the distance for you. Business mileage was tracked before, but you had to manually enter the readings on your odometer. Only iOS mobile apps have access to this new functionality.
- Inventory classification: To shorten item lists and make it easier for you to discover what you need, you can now organize items into categories or groups.
- Improved bank cash flow: More banks are now connected to Premier 2023 with improved bank feeds. You can also configure the frequency of automatic downloads of banking data.
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QuickBooks Desktop Premier Pricing:
Estimating for QuickBooks Desktop price ranges from $799 for one client to $1,999 for five clients, which is costly to the costs of most little trade computer programs. For $85 per month ($1,020 per year), you’ll buy QuickBooks Online with comparative highlights and up to five users. However, QuickBooks’ price could be beautiful and valuable if you simply require one user. Within 60 days of your purchase, if you’re not happy with QuickBooks Desktop price, you’ll be able to ask for a discount.
QuickBooks Desktop Premier Deciding Factors:
- Supported Business Types: Businesses in specialized industries such as manufacturing, retail, and nonprofits require detailed inventory accounting.
- Pricing
- $799/user/year
- $1,099/year for 2 users
- $1,399/year for 3 users
- $1,699/year for 4 users
- $1,999/year for 5 users
- Extended payroll price
- $50 per month + $5 per employee or $500 per year + $5 per employee per month.
- Money back guarantee
- 60 days from the date of purchase
- Salient features
- Manage an unlimited number of companies without paying extra
- It features improved inventory management tools such as B. Ability to track existing assemblies
- This allows you to compare the expected cost of the project with the actual cost, which is important for budget planning.
- Includes industry-specific versions and reports
- General Usability: Above average to difficult. Recommended for experienced accountants
- Customer service: Phone support (call waiting), live chat, chatbots, and self-help resources.
QuickBooks Desktop Enterprise Features and Pricing in 2023:
| PROS | CONS |
| The most powerful of all QuickBooks desktop products. | Desktop program installation and setup are required. |
| Advanced inventory management features include barcode scanning, bins, and location tracking. | QuickBooks cloud hosting requires a more expensive plan. |
| Contains functions for asset management. | Too expensive and complex for small businesses |
| New ability to consolidate financial reports from multiple companies. | Limited accounting mobile app (receipt collection and mileage tracking only). |
| You can create your own pricing rules |
When to Use QuickBooks Desktop Enterprise 2023:
- Medium and large companies: QuickBooks Enterprise can track up to 1 million items, workers, customers, and suppliers, and can accommodate up to 40 people.
- Businesses need advanced inventory management: You can track inventory by location and bin. You can also create custom barcodes with QuickBooks Enterprise to track an item.
- Companies that issue multiple invoices: You can send multiple invoices at once with just one click with the bulk payment feature.
- Fixed asset management: It contains an integrated fixed asset manager that acts as a hub for processing information about fixed assets, depreciation methods, groups, and facilities.
- The company has many units: One license allows accounting for an unlimited number of entities, and QuickBooks Enterprise 23.0 allows consolidation of the financial statements of several companies.
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QuickBooks Desktop Enterprise New Features for 2023:
- Inter-company transactions: With QuickBooks Enterprise 23.0, you can combine financial reports that contain information from other companies.
- Inventory classification: This allows you to group or categorize inventory items so you can quickly find what you need.
- Expiration date: With the addition of a separate field for expiration dates in Enterprise 23.0, you can now report on those dates.
- Automatic distance tracking: Instead of calculating your odometer readings manually, you can automatically record your business trip using a mobile app.
- Cash flow center: With this, you can track all your incoming and outgoing cash flow in one place.
- Improved bank feed: QuickBooks Desktop 2023 has moved from the traditional method of banking with a bank server to a new platform. This allows you to easily upload and categorize transactions and connect your bank accounts and credit cards.
- Improved report optimization: Complex reports, such as accounts receivable aging reports, can be challenging for business users with large corporate files to build. For businesses with file sizes over 300 MB, QuickBooks has now improved the report compilation process. As a result, complex reports now load faster than in previous versions.
- Payment link: The payment link allows you to accept payments without any invoice. Once set up, QuickBooks will send your customers an email with a payment request and a link to a secure payment processing page.
QuickBooks Enterprise Pricing:
Pricing for the four QuickBooks Enterprise options starts at $1,410 per year for a single user. Starting with Silver, the entry-level plan, which includes features like advanced reporting and QuickBooks Preferred Circle, is a good choice if you don’t need payroll. Payroll, advanced inventory, advanced pricing, and payment process approvals are just some of the upgraded features available in the Gold Platinum and Diamond editions.
Enterprise Cloud Storage:
With cloud hosting, QuickBooks Enterprise, a locally installed program, can be used in the cloud. The on-premises version features the same as Hosted Enterprise, but you can access your accounting files from anywhere on any internet-connected device. There are three packages to choose from:
Gold: Starting at $206 per month for one user.
Platinum: From $241 per month for one user
Diamond: From $424 per month per user
QuickBooks Desktop 2023 Download Process
Download Procedure for QuickBooks Desktop 2023:
Here are some tips that will make the user learn how to go through the downloading procedure for QuickBooks Desktop 2023.
- The user must click on the DOWNLOAD link. Clicking on it will start the QuickBooks 2023 download process.
- After clicking the link, the user will be asked the following question:
- Will you use QuickBooks Desktop on multiple computers at the same time (multi-user mode)?
- The user will have in front of him the options Yes, No, and Unsure, where he will have to choose one.
Note: One thing to note here is that if a user selects Yes or Unsure then they need to complete the complete setup process detailed below. However, if the user selects No then they need to do an expedited setup.
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With that said, users are not required to answer the question “Do you use QuickBooks Desktop on multiple computers at the same time (multi-user mode)?” that the user will receive. Instead of answering, users simply click on the link labeled Standard Configuration located directly below the question box. If the user chooses to follow the standard setup link then in this case the user must follow the download procedure described below:
- The first thing the user needs to do is follow the correct installation procedure that will be provided to the user when clicking on the standard setup link. On this point, users have to make some choices. The following questions will be asked to users and they will have to make choices that best suit their business needs:
- From which country the user is accessing QuickBooks Desktop 2023?
- Which version of QuickBooks Desktop 2023 do users want to download?
- After selecting the above questions, users must select version 2023 or later of the QuickBooks software.
Note: One thing to note here is that users must select Pro Plus, Premier Plus, or Mac Plus for QuickBooks Pro, Premier, and Mac 2023. Users must select the 2023 version of QuickBooks Enterprise and QuickBooks Account.
- After selecting one of the many options above, the user can see a Search button on the front. If so then the user has to tap on it to continue.
- Clicking the Search button will redirect the user to the software page. Now the user has to download the version of QuickBooks according to his business needs.
- Now the user needs to click on the Download button to start the software download process.
- Clicking the Download button will initiate the download process. Now the user will be asked for the location where he wants to download the software. Otherwise, the software will download to the default location.
- The user also has to save the file else it will be automatically saved in the Downloads folder.
- Once the download is complete the user needs to go to the folder where the file is saved.
- Finally, users will receive the installation process through a setup wizard. Users must follow the instructions provided by this wizard to continue.
QuickBooks Desktop 2023 Installation:
Once you have downloaded the software by following the above-streamlined steps, you have to install the software. It is also important to consider the installation type. Let’s go through the steps:
- First of all, open the File Explorer on your system.
- Navigate to the QuickBooks 2023 edition.exe file that you have downloaded.
- Now right-click on the file and a small dialogue box will appear. Select Run as Administrator.
- Now the installation will start and you need to follow the instructions on the screen to proceed.
- Now click I accept the License Agreement hit the Next button and then click Finish to end the process.
- Now fill in the product details and license key information.
- Now you will give the choice to select one of the installation options.
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Here are the following two processes for installation:
A. Network settings and customizations:
- Users must complete the network installation and customization process. Below are situations where this type of installation may be necessary:
- Users need to decide when the QuickBooks company file will be stored on the server.
- Users will also be asked if they want to set up a multi-user network.
- Finally, the user will be asked if they want to choose the default installation location for QuickBooks Desktop 2023 software. Users should select the Custom and Network installation type if any of these apply to them.
- Once the user has selected the installation type, they simply press Next.
- The user must select the How to Use QuickBooks option.
- If the user has selected the Change installation location option, a new window will appear in which they can reconfigure the location where the software will be installed on their workstation.
- To change the location, users need to press the Browse button. After pressing the Browse button, users need to navigate to the Programs folder and select another location.
- After selecting the location, installation will begin. Users just need to press the Next button. Additionally, a checkbox will need to be selected if the user wants to open QuickBooks after the installation is complete.
- Users must click Finish once the installation is complete. If this box is checked during installation, the QuickBooks software will automatically launch.
B. Express installation:
- Below are situations where this type of installation may be necessary:
- It can be used if the QuickBooks Desktop 2023 application is designed for use on a desktop computer.
- It can also be followed if the user wants to reinstall the QuickBooks Desktop 2023 software.
- It can be tracked even when the user uses the QuickBooks Desktop application for the first time.
- Users should choose the Express installation method if their situation fits any of the above scenarios.
- Now hit the Next button to move forward.
- Users can perform quick settings simply by pressing the Install button.
- Once the installation process is complete, users can press Finish.
QuickBooks Desktop 2023 Activation:
After the completion of the installation process, QuickBooks will ask you to activate the program. Go through the following steps to activate the QuickBooks Desktop 2023:
- First of all, run the QuickBooks Desktop 2023 that you have installed.
- Now hit on the Help menu in the software.
- Now in the drop-down menu select the option that helps in the activation of the software and follow the onscreen instructions.
- After completing the onscreen instruction QuickBooks Desktop 2023 will be activated.
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Update QuickBooks Desktop 2023:
If you want to update the software you can follow these steps:
- Right-click on the QuickBooks icon and a small menu will open.
- Select Run as Administrator.
- Now click on the Help tab and choose the Update option in the drop-down menu.
- Now click on the Options tab and you will see checkboxes to choose from.
- After completing till here, click on the Save tab.
- Now click on Update Now and reset the update checkbox.
- QuickBooks will be downloaded and installed to the latest version.
- Now reopen the software to check whether an update is done successfully or not.
Does QuickBooks Desktop be phased out in 2023?
When the question arises the answer is, yes. QuickBooks Desktop for Windows 2020 is going to be phased out in 2023. Several services like payroll, online banking, and live support are already been shut down after May 31, 2023, but the product will work without any updates.
But if you want to use the add-on services you can switch to QuickBooks Online or QuickBooks Desktop Pro Plus/ Premier Plus.
QuickBooks Online is a web app, while QuickBooks Desktop Plus is a desktop app with a cloud backup option. The move to QuickBooks Online offers more integrations with third-party applications, automation features, and more users included in the subscription. On the other hand, QuickBooks Desktop Plus offers more customization options, inventory features, and data control.
For UK users, QuickBooks desktop will be completely removed in 2023, so UK users will need to switch to QuickBooks Online.
To decide which option is best for your business, users can compare the features and pricing of QuickBooks Online and QuickBooks Desktop Plus on the Intuit website or contact a certified QuickBooks advisor.
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Conclusion:
Now as we end this article, we are sure that you have gained many valuable insights about QuickBooks Desktop 2023 as well as its versions like QuickBooks Desktop Pro Plus, QuickBooks Desktop Premier Plus and QuickBooks Desktop Enterprise. We hope this information is helpful for you and you may have been cleared about all your doubts. However, QuickBooks for Windows 2020 is going to be phased out, you can still switch to the other version mentioned above and still get the benefits of the add-on features of QuickBooks. After going through this write-up if you still have any kind of questions, please feel free to ask them to our U.S.-based professionals and get answered immediately. To reach our dedicated helpline just dial our toll-free number ++1-844-539-0188.
FAQS Related to QuickBooks Desktop 2023
Ans. The QuickBooks Accounting Edition release date is September 6, 2022. The general release date for QuickBooks Desktop 2023 is September 20, 2022.
Ans. Intel Core 2 Duo processor or higher. An Intel Core 2 Duo or higher processor is required to run a multi-user server. 2 GB RAM (4 GB RAM recommended). 250 MB of available disk space.
Ans. QuickBooks maker Intuit has announced that QuickBooks Desktop will be discontinued on October 20, 2021. By midnight on January 31, 2023, any business using the desktop version of QuickBooks will need to find an alternative.
Ans. 1. Click Upgrade QuickBooks in Help.
2. Then click Upgrade immediately after selecting the version you want to upgrade.
3. Your latest copy of QuickBooks is yours. Select Get Started, then select Keep old versions on my computer.
Ans. No additional licenses are needed when you add a second business to your QuickBooks account. To ensure that taxes are recorded correctly, you can enter multiple businesses with different EINs.
Ans. Microsoft Windows versions before Windows 10 will not be able to use QuickBooks 2023. Support for QuickBooks 2020 will likely also be pushed back and end around May 31, 2023.
