Running a business involves keeping careful track of finances, transactions, inventory, sales, and more. As a business owner, having an effective accounting system you can rely on is crucial for success. QuickBooks Desktop Premier is a top choice for managing all your accounting needs in a streamlined, user-friendly package.
With the 2024 edition of QuickBooks Premier rolling out soon, now is the perfect time to consider upgrading to take advantage of the latest features. Here is some expert advice on making the switch to QuickBooks Desktop Premier 2024.
Evaluate Your Current QuickBooks Version
The first step is to take stock of your current QuickBooks version. Is it several years old and lacking features you need to operate efficiently? Are you no longer getting important software updates and support? Then it may be time to upgrade.
QuickBooks releases new editions each year with improvements and additions to help businesses save time and boost productivity. For example, Premier 2024 will include enhanced invoicing, smarter transaction searching, and improved inventory tracking.
Take advantage of the newest tools by upgrade to QuickBooks 2024. Sticking with outdated software means missing out on beneficial updates.
Understand Premier Features of QB
Next, carefully review the capabilities of QuickBooks Desktop Premier to ensure it aligns with your business needs. Key highlights include:
- Advanced reporting for tracking key metrics and generating critical financial statements.
- Customizable invoices to match your branding and provide professional sales documents.
- Automated payments to easily accept credit cards and direct bank transfers.
- Project cost tracking for tasks, activities, and phases.
- Sales and purchase order forms to standardize processes.
- Advanced inventory functions such as serial number or barcode tracking.
With robust accounting tools tailored for medium-sized businesses, Premier likely offers the features your company needs to succeed.
Consider Industry-Specific Editions of QB
While Premier includes core functionality for most businesses, you also have the option to choose an industry-specific edition. QuickBooks offers tailored Premier versions for manufacturing, nonprofit, professional services, contractors, and retailers.
The industry editions provide additional tools and custom reports that align closely with your workflows. For example, contractors get enhanced job costing, nonprofits specialized donation tracking, and retailers get options for matrix inventory items.
Select the premier industry edition that best matches your business activities for maximum benefit. The specialized features will integrate smoothly with QuickBooks Premier’s general accounting capabilities.
Plan for Add-On Apps and Services
In addition to the base software, an array of add-ons are available that integrate with QuickBooks Desktop editions to extend capabilities. Review your operations to determine which apps may provide value.
Popular add-ons include payroll, payment processing, data sync with other software, advanced reporting, warehouse management tools, and time tracking. Visit the QuickBooks apps marketplace to browse by category and compare options.
Also consider services like QuickBooks Live Bookkeeping. Their accounting experts handle tasks like data entry, report generation, and bank reconciliations so you can focus on running your business.
Factor in Costs When weighing the switch to QuickBooks Desktop Premier 2024, be sure to calculate total costs. This includes:
- Software license – expect around $450/year for Premier.
- Add-on apps – budget extra for any additional apps.
- Conversion – may need QuickBooks support for data migration.
- Training – anticipate getting staff up to speed on new features.
While moving to Premier 2024 involves some costs, keep in mind the long-term benefits of improved accounting efficiency and better financial oversight. For many businesses, it is a smart investment.
Migrate Your Company File QuickBooks
Once you commit to QuickBooks Desktop Premier 2024, it’s time to migrate your company file to transfer your existing data to the new system. Be sure to fully back up your current file first!
For the cleanest transition, get assistance from a QuickBooks expert. The New QuickBooks Technical Support team offers migration services to handle everything securely and ensure continuity.
If tackling the migration yourself, consult QuickBooks guides to follow best practices. You’ll need to properly close the current file, condense data, install the new version, and then open the file in Premier 2024 to test accuracy. Take it slowly and fix any errors.
Learn New Features QB 2024
The exciting part comes when you dive into using QuickBooks Premier 2024! Be patient as you and your staff get up to speed on where to find familiar functions and how to utilize major new capabilities.
Leverage training resources like tutorial videos, QuickBooks webinars, and classes to build expertise. Enable practice modes that let you experiment without impacting live company data.
Over time, as everyone becomes proficient with Premier’s tools and system, your accounting efficiency will reach new levels.
Upgrade today for a major boost to your company’s financial management and productivity. With QuickBooks Desktop Premier 2024’s robust feature set and smarter workflows, your business accounting will operate smoother than ever.
