QuickBooks Desktop 2024, the latest version of Intuit’s popular accounting software for small businesses, comes with several exciting new features and improvements. Here is an overview of some of the key additions in QuickBooks Desktop 2024 that can help streamline work and boost productivity for users.
Enhanced Visual Dashboard
The visual dashboard in QuickBooks Desktop has been enhanced to provide better insights into key financial metrics at a glance. The refreshed dashboard allows customization of widgets so users can add the most relevant snapshots for their business, such as account balances, income vs expenses, accounts receivable, accounts payable, profit and loss, and more. Information is presented in charts and graphs for easy interpretation. Trends can be quickly analyzed to make informed business decisions.
Smart Search Capabilities
Searching transactions, contacts, accounts, etc., is now faster and easier with the improved smart search function. Users can simply type keywords, and the software will quickly find matches across various areas. Search results are categorized for easy navigation between customers, vendors, employees, account transactions, and more.
Batch Transaction Editing
QuickBooks Desktop 2024 allows users to edit multiple transactions together in a batch. For instance, users can select multiple invoices and easily change the due date or terms for all of them in one step. This saves the hassle of having to manually edit each transaction individually. The batch editing feature speeds up working with repetitive transactions.
Enhanced Bill Tracker
The bill tracker has been improved to make it easier to track unpaid bills. Users can now not only view bills but also make payments and record expenses directly from the bill tracker screen. Important details like payment status, due dates, notes, etc., can be viewed at a glance to help you stay on top of outstanding bills.
Visual Budget Variance Tracking
QuickBooks now enables easy visual tracking of actual expenses versus budgets. Users can set up budgets and carry out performance analysis. Charts and graphs provide a visual comparison of actuals vs budgets to analyze trends and quickly identify areas of overspending. This helps implement better cost control.
Expanded Payroll Features
Payroll capabilities in QuickBooks Desktop have been expanded with some handy features for payroll administrators. These include the ability to process bonuses, group employees for runs, view pre-run payroll reports, schedule payments for future dates, and more. A payroll summary dashboard allows an overview of important payroll metrics.
Enhanced Reports and Business Insights
The business insights and reporting functionality in QuickBooks Desktop 2024 has been enhanced. Users can now drill down into reports for more detailed analysis. Better customization options allow tailoring reports with specific columns, filters, etc. Advanced reporting features like trend graphs, cash flow projections, and more have been added.
Improved Inventory Management
Inventory management sees some useful updates in QuickBooks Desktop 2024. Users can now track inventory by serial/lot number and set preferred vendors for inventory items. Inventory reports can be quickly added to the home dashboard for an at-a-glance overview. Overall, inventory tracking is now more customizable and intuitive.
Easier Account Reconciliation
Bank and credit card account reconciliation is now faster with auto-matching of transactions. Rules can also be set up to categorize transactions during reconciliation to eliminate repetitive manual work. Transactions that match can be easily marked off in bulk. Users can now also undo and correct reconciliations if needed.
Better Payment Processing
The payment processing experience has been improved in the new version. Users can authorize and capture charges at a later date, store credit cards securely for recurring billing, utilize a QuickBooks payments portal, and more. This enhances and simplifies getting paid.
The new QuickBooks Desktop 2024 delivers noticeable improvements to optimize accounting and financial management workflows for small businesses. The enhanced features allow for maximizing productivity and staying on top of finances. With regular updates like these, QuickBooks retains its relevance as a leading account software solution.