Quickbooks Desktop 2023: Improved Features And Pricing

By Author: Alice John
Total Articles: 3
Comment this article

Intuit will launch QuickBooks Desktop 2023 with new program-related products for you. The new version comes with many new and improved features, pricing, licensing policies and more for regular users as well as accountants round the world. We will discuss everything related to the new version in this blog, so get ready and explore everything that interests you in QuickBooks Desktop 2023.

Let's look at each of its new features:

New and improved cash flow center

You can quickly view, manage, and track your cash flow with Cash Flow Hub. It acts as a central hub and gives you access to the accounts you follow to keep track of your available funds, such as bank accounts, credit cards, and loans. You can also control your inflow and outflow transactions from here. Customers can view account balances, add accounts to the list of tracked accounts, analyze cash balance trends, track their cash performance overtime, track invoices and payments overdue as well as view all cash statements.

New and improved mileage tracking

This tool allows ...
... you to easily record, monitor, and view your business mileage in one place using your desktop or iOS mobile device so you can report accordingly to the IRS and your customer's requirements. refunds. Additionally, by combining all of your business travel mileage information and automatically using the latest IRS rates to calculate deductions, you can simplify your year-end tax return. By providing customers with complete mileage logs 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.

New and improved banking connection

QuickBooks Desktop, an all-new release in 2023, provides improved banking access with a modernized platform to address connectivity and security issues. Online banking is improved in at least three ways through better banking connections:

• Many banks that previously only offered download banking services and did not offer direct connections will now be accessible.
• The consistency, disruption and downtime of banking connections will increase.
• QuickBooks Desktop can be programmed to automatically download financial data at you-specified intervals and retrieve banking (or credit card) information.

New and improved payment link tracking

Sending a payment link lets you quickly collect payment for purchases that don't require an invoice, and the new payment link dashboard lets you see the status. It will be helpful to receive money without consulting fees, first deposit, etc. The new Payment Links dashboard makes it easier to track claim progress and provide reminders. Send your consumers a link via SMS or email to request payment so they can pay online.

New improved Nord map reader

A new card reader has been introduced in QuickBooks that allows you to receive contactless payments like Apple Pay, Google Pay, and other methods from customers directly. Since the introduction of the new card reader, all payments are recorded instantly and in parallel, ensuring that you don't have to do any extra work.

New and improved Equifax employment and income verification

For the first time in 2023, QuickBooks Desktop and Equifax have partnered to automate employment and income verification requirements for active users of the Desktop Payroll service. Because the verification process is automated, responding to this type of information is much easier. Being conducted under Equifax security measures also makes the process much safer. This means employees often receive loan, credit, or support decisions faster.

New and Improved HCM strengthens with 401(k) guidance

Your employees will benefit greatly from a retirement plan. As a QuickBooks Desktop Assisted Payroll2 subscriber, Guideline and QuickBooks have partnered to offer QuickBooks Desktop users affordable, fully integrated 401(k) plans. You can select and configure a plan in QuickBooks Desktop that suits their business and employees. Once they have set up and managed payroll supported with their new contributions, they won't need to take any additional actions as Guide will automatically receive the information and contributions contributed.

Approve new and improved invoice and purchase order workflows

With the ability to approve orders and invoices in a single dashboard, you can stay on top of your business information and help reduce fraud. With invoice and order approvals, you can reliably delegate accounts payable and order activities. For a repeatable invoice and order approval process, use business templates that save time and are easy to customize. Continuously monitor approved transactions with automated audit trail information, such as approver name, originator information, and any related comments, and automatic reminders to staff so they can act before the inspection deadline.

New and improved expiration date and lot number

With its support for deep sorting and multi-level expiration dates, you can manage your inventory more successfully. By displaying your inventory expiration dates and integrating them into transactions like orders, invoices, etc., you can minimize business losses and sell quickly. Including expiration dates in customer interactions also helps reduce a company's liability. Use expired or soon-to-expire inventory reports by lot or serial number and transaction history to take quick action. By quickly replacing and replenishing outdated products from stock, inventory can be kept up to date.

New and improved intercompany transactions

Buy QuickBooks Desktop 2023 if your business operates internally with another company or a joint venture. Achieving transparency through transparent tracking of business-to-business transactions makes managing your organization easier.

New and improved reports performance optimization

With some of the more complex reports in QuickBooks, users with large business files often experience problems with report generation time. An example of these reports is the accounts receivable aging report. Enhancements rolled out by QuickBooks in 2023 will improve reporting performance for larger business files (>300 MB). Note that the report interface remains the same, but these reports load faster than previous versions of QuickBooks Desktop. All versions of Enterprise Accounting 23.0 and QuickBooks Desktop Enterprise have access.

Prices of QuickBooks Desktop Pro, Premier and Enterprise 2023:

QuickBooks Desktop Pro Price:

• $549.99 per year per user
• $749.99 per year for two users
• $949.99 per year for three user

QuickBooks Premier 2023 Desktop Price:

• $799/you/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
• Salary expansion
• $50 per month + $5 per employee or $500 per year + $5 per employee per month.

QuickBooks Enterprise 2023 Desktop Price:

• Gold: Starting at $206 per month for one user.
• Platinum: From $241 per month for one user
• Diamond: From $424 per month per user

Conclusion:

We believe that this blog is pretty helpful for you to know about the new and improved features and pricing of QuickBooks Desktop 2023. The new features will definitely have many benefits for you however few things have been already phased out. But you can have the option to switch to QuickBooks Online to avail additional features. In case of some other queries and any problems with your software, you can contact our customer support team at +1-844-405-0907.

Also Read: Quickbooks Tool Hub Download