Important Updates for QuickBooks Users: Changes in 2024

Important Updates for QuickBooks Users: Changes in 2024
Starting August 1, 2024, QuickBooks is rolling out several important updates that will affect many of their products and services. Whether you’re using QuickBooks Desktop, Payroll, or Payments, it’s crucial to stay informed about these changes to ensure a smooth transition and continued business operations.

1. QuickBooks Desktop Product Changes
Beginning October 1, 2024, QuickBooks Desktop Pro Plus and Premier Plus will see price increases:
Pro Plus: The annual price will rise from $649 to $999 per user.
Premier Plus: The annual price will increase from $949 to $1,399 per user.
Additionally, QuickBooks will stop selling new subscriptions for Desktop Pro Plus, Premier Plus, and Desktop Enhanced Payroll after September 30, 2024. Existing subscribers will still be able to renew their services, but no new purchases will be available.

2. QuickBooks Desktop Payroll Updates
QuickBooks Desktop Payroll services will also experience pricing adjustments starting October 1, 2024:
Basic Payroll: The new price will be $550 annually (or $55 per month), plus $7 per employee, per month.
Enhanced Payroll: The price will increase to $700 annually (or $70 per month), plus $7 per employee, per month.
For those on legacy payroll plans, new pricing will take effect on December 1, 2024, with additional changes to direct deposit fees starting January 1, 2025.

3. Updates to QuickBooks Desktop Payments
Effective October 1, 2024, ACH fees for QuickBooks Desktop Payments will be updated:
The fee will change from a flat $3 per transaction to 1% per transaction, with a cap of $15 or less.
Preferred pricing for ACH transactions will be available to QuickBooks Enterprise users, accountants, and high-volume merchants, with further details to be provided directly to affected customers.

4. Transitioning from QuickBooks Desktop
Intuit is encouraging users of QuickBooks Desktop (Pro and Premier) to transition to QuickBooks Online (QBO) or Enterprise. However, if you prefer to continue using QuickBooks Desktop, it’s crucial to renew your subscription before September 30, 2024.
By renewing now, you can continue to enjoy the full benefits of QuickBooks Desktop, including its robust features and familiar interface. Additionally, if you choose CloudTop Office for hosting, you can keep using your desktop version with the added flexibility of cloud access, allowing you to work from anywhere while maintaining all the advantages of the desktop software.

Next Steps
Review Your Subscription: Ensure your subscription details are up to date in the Intuit “My Account” portal.
Access the Intuit “My Account” portal @ www.quickbooks.com/account
Login using:
User ID = Your email address
Password = (account password) or select the Forgot Your Password? option and follow the instructions to reset/resume your password
Consider Your Options: Decide whether to stay with QuickBooks Desktop, switch to QuickBooks Online, or explore QuickBooks Enterprise.
Reach Out for Assistance: Send us an email or talk to us on (713)662-3994 or our toll-free number (866)710-4228. We would love to hear from you!