What’s New & Release Date of QuickBooks Desktop 2023?

Intuit is all set to release QuickBooks Desktop 2023 for the program and related products. Users from all parts of the world are curious to know what this new release holds for them. The new release has many things to unveil for accountants and regular users in terms of features, pricing, license policy, and more. As per the recent release, QuickBooks launched updates on March 3, 2023 for the QuickBooks Desktop and Enterprise 23.0.

Release Dates For QuickBooks Desktop 2023 Products

The release dates are already out, and users are wondering when they can eyeball it. Well! The release will be available for:

• Accountants: September 6, 2022.
• General Release: September 20, 2022.
• Release 4_69 (R4_69): March 9, 2023 

QuickBooks Desktop 2023 Pricing Updates

According to Ted Callahan, Director, QuickBooks Accountant Leader, all the Desktop products will be sold at full MRSP. There will be no discounts on any channel. The prices for the QuickBooks Desktop 2023 products are mentioned in the below-given table: 

Pricing For QuickBooks Online Version 

Now that you know the pricing for the Desktop version of QuickBooks 2023, below are the pricings for the online version of the program:

Things To Consider Before Choosing Your QuickBooks Version 

Before you start managing your business accounting with QuickBooks Desktop 2023, adhering to the below-given considerations can help you in choosing the best for you: 

• If you are looking for the full-fledged functionalities of the program, go with the QuickBooks Desktop version. 
• For businesses that need to streamline their business with the flexibility of an online program, QuickBooks Online can be the best bet for them. 
• If you want basic functions of the program, Simple Start and Essentials are the right versions for you.
• If you are a large enterprise and want the maximum for the program, QuickBooks Enterprise can be the right solution for you. 
• If a PC download for QuickBooks Desktop 2023 is not available, wait for it rather than going for the CD purchase. 

New Features That Are Expected To Be Included In QuickBooks Desktop 2023

September 6, 2022, is the date of availability for QuickBooks 2023 to the ProAdvisors and related users. The new features are not completely disclosed for the 2023 version of the QuickBooks Desktop application. However, Ted Callahan gave a sneak peek of the new features you will see in the 2023 QuickBooks Desktop products. The expected features to be added to the program are:

Improved Banking Connections 

QuickBooks enables users to connect their bank account or credit card to the program to download transactions. Once your bank or credit card is connected to QuickBooks, you can get bank feeds in the program without needing to enter them manually.

After the connection is established, you can download and categorize your transactions. Besides, you can also ensure that there is no discrepancy in the downloaded transactions. Improved bank connections can help you manage your transactions more efficiently.

Enhanced Mileage Tracking 

QuickBooks Desktop enables you to track your mileage when you know the total miles traveled by you by the business vehicle. It can help you in deducting your vehicle expenses from your tax returns. 

The mileage tracker feature in QuickBooks enables you to track the mileage of your business vehicles. A comprehensive mileage report is important for a tax break. But tracking is a demanding task. 

QuickBooks Desktop 2023 may include the enhanced mileage tracking feature for the users. 

New Cash Flow Hub 

The cash flow management feature in QuickBooks is there to streamline your cash flow so that you can plan, save, and get paid easily. You can get your financial forecasts and sync all your accounts to manage your cash flow in one place.

You don’t need to maintain messy spreadsheets as this feature allows you to see all your business balances on an intelligible dashboard. Ted gave a sign that the QuickBooks Desktop 2023 will introduce a new cash flow hub, wherein you can manage your cash flow with the utmost efficiency.

Latest Features That Are Added With the Release Of March 9, 2023 Updates

Here, we have described some of the features that the users can avail of with the latest release of March 9, 2023. 

1. Inventory Changes:-
You can customize the item categories using the Categories in Add/Edit multiple list entries along with the copy-paste option in Excel. Moreover, it helps the users learn about the value of the Categories using a new welcome screen. The Category Center has also changed its name to Category List, equivalent to the Category List. 

2. Web-Connector Changes:- 
You can add a new preferred type up not needed account with the consent screen. Doing so will disable the unattended screen option in the consent screen. Apart from this, you can offer the developers the chance to integrate the application and perform data sync only when QuickBooks runs appropriately.

Features For QuickBooks Desktop Enterprise 2023 Based On Your Subscription 

The Enterprise version of QuickBooks 2023 is also planning to level up the game with some amazing improved features. Based on your subscription, you may reap the benefits of the below-explained incredible features:

Inter-Company Transactions

Transactions between affiliated companies (parent company and its subsidiaries) are referred to as inter-company transactions. The new version of the QuickBooks Desktop 2023 is going to introduce inter-company transactions in the program.

Inventory Categorization 

Inventory management is one of the most crucial tasks of a business. QuickBooks enables users to handle their inventory efficiently. You can view your quantities in hand. When you buy or sell products, it gets updated in QuickBooks automatically.

This can help you to know what is selling more and what to reorder. It also gives insight information into your business performance. Making well-informed decisions can help your business grow.

However, categorizing inventory is still a demanding task in the program. However, the launch of QuickBooks Desktop 2023 will make it a cakewalk for you.

Also Read – How to Update QuickBooks to Latest Release?

QuickBooks Accountant Desktop Plus Launch and Updates For ProAdvisor Bundles

Intuit is going to change QuickBooks Accountant Desktop and QuickBooks Enterprise Accountant to a subscription-based model for the 2023 version. It will include the QuickBooks Enterprise Accountant and QuickBooks Desktop Accountant licenses in ProAdvisor bundles. Support for the products listed above will align with the annual Desktop subscription billing, lasting until May 2024.

Support for these product licenses purchased under the ProAdvisor bundles is also changing to align with the annual subscription terms of the bundles. It means that the bundles will include support until May 31, 2024.

Updates Related To QuickBooks Desktop Payroll Products

According to the new updates for the QuickBooks Desktop Payroll products, you may not be able to purchase the below-given products after June 1, 2022.”

1. QuickBooks Desktop Assisted Payroll stand-alone product. This product will be accessed as a part of the QuickBooks Enterprise Diamond bundle. 
2. QuickBooks Desktop Enhanced Payroll for Accountants.

However, this change will not affect the current subscriptions and renewals. Also, the products will not be discontinued. However, Intuit is consolidating offerings to new customers. New subscribers can access QuickBooks Desktop Enhanced Payroll. Besides, new Enterprise Diamond customers will continue access to Assisted Payroll.

Price Increase For QuickBooks Desktop Payroll 

Along with the QuickBooks Desktop, the prices for the Payroll version of the QuickBooks will increase too. QuickBooks Desktop Payroll and Online Payroll will increase their pricing from $4 per employee per month to $5 per employee per month. Based on your subscription, you may experience higher pricing in your subscription price per employee. 

Ending Words! 

Hope this post has helped you with your curiosities about the launch of the QuickBooks Desktop 2023. If you have more queries in your mind, contact us and get them answered by our experienced professionals. 

Frequently Asked Questions (FAQ’s) :- 

Q1. What are the steps to update QuickBooks Desktop to Version 2023?

Ans. Below are some simple steps to update QuickBooks Desktop to version 2023. 

• Initially, choose the Upgrade QuickBooks option followed by the Help menu. 
• After this, opt for the Upgrade Now option after picking the version to which you wish to upgrade. 
• Doing so will eventually update QuickBooks to the most upgraded version. Later, hit the Let’s Go option and then pick Keep older version on my computer. 

Q2. How Can You Attach QuickBooks Desktop 2023 With Payroll?

Ans.  Here, we have described some simple steps to link QuickBooks Desktop 2023 with payroll. 

• Initially, hit the icon indicating a Gear icon and select the Payroll Settings option. 
• After this, move to the Edit option from the Taxes and Forms Segment. 
• Next, you must unmark the field that states “Taxes can be done automatically and the forms”. Later on, choose the favored tax pay and filling method. 
• Hit the Save button, and it will display the notification from the tax payments as well as from the fill-up. 

Q3. What do you mean by the QuickBooks Desktop Phase Out?

Ans. According to the QuickBooks Desktop Phase Out, the users of QuickBooks Desktop 2020 won’t be able to utilize some features. These features might include payroll, live chat, and web backup services after May 31, 2023. Moreover, some important security updates will also be discontinued from June 1, 2023. 

Q4. Which Products would be hampered by the Release of QuickBooks Desktop 2023?

Ans. The products hampered after 31st May 2023 are Desktop Pro 2020, Enterprise Solutions 20, Premier Accountant Edition 2020, Desktop For Mac 2020, and Desktop Point of Sale 19.0.