Quickbook Desktop To Be Discontinued From May 2024: Switch to Cloud ERP Systems Now!

Say Goodbye to QuickBooks Desktop in May 2024

Intuit, the developer of the accounting software QuickBooks, has officially announced the discontinuation of its desktop version, which is set to take effect in May 2024. Many industry experts view this announcement as a rather significant move that marks the end of an era for many small businesses and accounting professionals.

This decision reflects the growing trend towards cloud-based solutions and signals a strategic shift from QuickBooks, a major in the accounting software industry.

Now that QuickBooks is all set and ready to proceed with this discontinuation, here’s everything you need to know to navigate through this change effectively.

The Evolution of QuickBooks Over the Years

For decades, QuickBooks Desktop has been the go-to accounting software for countless businesses, accountants, and financial professionals. Its robust features, user-friendly interface, and reliability have made it a staple in the world of financial management. However as technology advances, businesses seek more flexible, collaborative, and comprehensive integrated solutions. Hence, industries are witnessing a shift towards cloud-based alternatives.

What Does the End of QuickBooks Desktop Mean For Your Business?

First and foremost, with QuickBooks Desktop being phased out, businesses are likely to slow down to deliberate on their next step. The best way to deal with this drastic change is by switching over to a cloud-based ERP solution such as Acumatica Microsoft’s Business Central to ensure smooth business operations in 2024.

You must embrace the power of cloud computing; otherwise, with QuickBooks, only having access to an updated version will allow you to retain access to live technical support and other Intuit services integrated with the Desktop version. It is important to note that starting June 1, 2024, discontinued versions won’t receive the latest critical security patches and updates. Thus, it warrants the data migration from the desktop version to the cloud-based application.  

Intuit’s announcement states that the discontinuation is set to affect the following QuickBooks products:

  • QuickBooks Desktop Pro 2021
  • QuickBooks Desktop Premier 2021 (General Business, Contractor, Manufacturing & Wholesale, Nonprofit, Professional Services, and Retail)
  • QuickBooks Enterprise Solutions 21
  • QuickBooks Enterprise Accountant 21
  • QuickBooks Premier Accountant Edition 2021
  • QuickBooks Desktop for Mac 2021
Why is QuickBooks Desktop Discontinued?

What Prompted The Discontinuation of QuickBooks Desktop?

Despite its stability and high utility over the past decades, there are a few crucial reasons that drove Intuit’s decision to discontinue QuickBooks Desktop in 2024.

1. Rising Popularity of Cloud-Based Solutions

The decision to discontinue the QuickBooks Desktop version aligns with the broader industry trend toward cloud-based software. Cloud solutions such as Acumatica ERP offer advantages such as real-time collaboration, remote accessibility from any device with an internet connection, and automatic updates, making them increasingly attractive and relevant to businesses of all sizes.

2. Enhanced Security and Accessibility

Cloud-based platforms like Microsoft Business Central provide heightened security measures and improved accessibility compared to traditional desktop software. With sensitive financial data stored in secure, offsite servers, you can enjoy peace of mind while allowing only authorized users or secure networks to access information from virtually anywhere.

3. Automatic Updates and Maintenance

One of the drawbacks of desktop software is the need for manual updates and maintenance. Cloud-based ERP solutions, on the other hand, offer automatic updates, ensuring that you always have access to the latest features and security updates without the hassle of manual installations.

QuickBooks Online v/s QuickBooks Desktop: Understanding the Difference

The primary strength of cloud-based software such as QuickBooks Online is that they offer unparalleled mobility, surpassing that of the Desktop version. However, it’s essential to note that without an internet connection, access to QuickBooks Online is restricted. Nevertheless, in this age of information, you can expect constant internet connectivity, even in the remotest of settings.

On the contrary, local applications sacrifice some mobility, eliminate the reliance on an internet connection, and introduce a set of exclusive features. However, this convenience comes at a higher cost. Before making a purchase, you must carefully consider whether these additional features are essential for your business needs.

So, what do you do in such a scenario? While there’s no one-fit-for-all answer, we strongly recommend embracing the change and moving to cloud-based applications. At AdCirrus ERP, we help businesses implement ERP systems such as Acumatica and Business Central to maximize productivity, boost efficiency, and drive growth. 

Migrate to Cloud Solutions

Time to Switch to Cloud ERP Systems Like Acumatica and Microsoft Dynamics 365 Business Central

With local application technology being redundant in the current business setting, the time has come to switch to cloud-based ERP solutions like Acumatica and Microsoft Business Central. Given the fast-moving digital and business landscape, they offer a myriad of benefits for businesses seeking efficient and flexible management of their operations. 

1. Real-Time Collaboration

ERP systems like Business Central and Acumatica facilitate real-time collaboration among team members, accountants, warehousing team, sales teams, and other stakeholders. It allows multiple users to collaborate, access, and update financial data simultaneously, fostering increased efficiency and communication.

2. Accessibility Anytime, Anywhere

With Acumatica, users can access their financial data from any device using a stable internet connection. This remote accessibility is particularly useful for businesses with remote teams or those on the move.

3. Automatic Data Backups

Cloud-based solutions offer automated data backups, reducing the risk of data loss. They ensure that your financial information is securely stored and easily recoverable in the event of unforeseen circumstances.

4. Reduced IT Infrastructure Costs

Investing in a cloud ERP eliminates the need for substantial investments in on-premises hardware and infrastructure. This will allow you to save on initial setup costs and ongoing maintenance expenses. Moreover, the subscription-based pricing model is handy in scaling costs according to your current business requirements.

5. Scalability and Growth 

Acumatica and Business Central offer highly scalable solutions, making them suitable for businesses of all sizes. As your company grows, you can easily expand its usage and functionality within the cloud ERP system without the need for extensive reconfigurations or hardware upgrades.

6. Automatic Updates

With cloud-based ERP, you don’t need to worry about manual system updates and maintenance. Instead, the applications update automatically, ensuring that you are always using the latest features, security patches, and enhancements without requiring any cumbersome manual intervention.

7. Enhanced Data Security and Compliance

Acumatica invests heavily in robust security measures to protect data. This includes encryption, multi-factor authentication, and advanced access controls. Moreover, all products offered by Business Central and Acumatica are up to industry regulations and compliance standards. They adhere to the necessary legal and regulatory requirements.

Migrate to Cloud-Driven ERP Solutions Like Acumatica or Business Central To Drive Ultimate Growth

The transition from QuickBooks Desktop to cloud ERP solutions is a pivotal moment for businesses like yours seeking scalability and advanced capabilities. At AdCirrus, we leverage cloud ERP technology, simplify the migration process, and empower companies to unlock the full potential of Cloud ERPs such as Business Central and Acumatica.

We will help you embrace cloud-based solutions to align with current trends and position your business for a future characterized by innovation, efficiency, and streamlined financial management. Contact us at AdCirrus and embark on the journey to a more efficient and future-ready ERP solution for the ultimate business transformation!

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Industry Specific Edition

Acumatica cloud ERP’s Industry-Specific Editions are a unique combination of Acumatica cloud ERP functionality and functionality specific to a particular industry or industry segment.

For example, the Manufacturing Edition includes both manufacturing and distribution modules, as well as modules for field service and general business use. The Distribution Edition includes only distribution modules.

The Industry-Specific Editions include all of the core Acumatica cloud ERP functionality including:

  • Core Accounting
  • Core Billing & Invoicing
  • Core Business Management  (including project management and portfolio management)
  • Core Data Modeling & Validation  (using the same data model used in the Core Accounting module)
  • Core Enterprise Resource Planning  (including CRM integration)
  • Core Human Resources & Payroll  (HRIS integration with HR applications such as Zenefits)
  • Core Inventory Management  (including barcode scanning technology that can be used to identify inventory items based on their UPC codes or SKU numbers.)

Retail Commerce Management

Deliver a consistent customer experience across all your sales channels with full integration between your online, mobile, kiosk, and in-store service.

  • Reduce stock-outs and back orders 
  • Speed up order processing and fulfillment 
  • Streamline returns and exchange 
  • Provide an omni-channel experience 
  • Offer a world-class eCommerce presence 
  • Integration with web stores and POS systems

Project Management

Streamline project management: The project accounting suite enables you to track project costs, carry out planning and billing, and manage time and expenses while completely integrating with the fundamental accounting operations like general ledger and accounts payable.

Customer Relationship Management

Set up customer relationship management: CRM is an important tool for any business that wants to build strong customer relationships and retain customers. With Acumatica, you can set up a customer relationship management system that works for your business.

The CRM feature includes:

  • Customizable reporting dashboards
  • Powerful business intelligence capability
  • Service and support automated workflows
  • A customer self-service portal

Service Management

Maximize dispatching and boost revenue by scheduling the right people at the right time, and see real-time data for work taking place in the field.

  • Single version of the truth
  • Multi-dimensional reporting
  • Security by role
  • Custom reports and personalized dashboards
  • Multiple display options

Construction Management

Provides a complete, mobile-enabled cloud-based construction and accounting software solution.

  • Instant data access in role-based dashboards 
  • Native AI and ML for automation and data processing 
  • Superior compliance management 
  • Flexible drop-shipping to project sites 
  • Real-time connection among workers-field, office, and remote.

Sales Improvement

Acumatica’s sales management features can help businesses increase their sales and revenue.

Utilize Business Intelligence

You may gather crucial data from various sources and show it in reports made for quick decision-making with Acumatica cloud ERP. This software includes analytical tools for monitoring the state of your business. It identifies problems before they substantially harm your company.

Warehouse Management

Streamline warehouse operations and transaction to reduce errors, automate processes and increase productivity.

  • Reduce errors 
  • Increase customer satisfaction
  • Automate data capture 
  • Simplify tracking
  • Prioritized, direct picking 

Inventory Optimization

Optimize inventory: Acumatica’s inventory management tools can help businesses reduce inventory costs and improve stock levels.

Manufacturing Management

Built for make-to-stock, make-to-order, engineer-to-order, project centric, job shop, batch, repetitive manufacturing, and more.

  • Complete, multi-site cloud manufacturing control and planning system
  • Improve efficiency with intuitive, award-winning UI
  • Empower collaboration with cross-module workflows 
  • Create business resilience with our future proof design 

Order Processing

Use order processing: Order processing is another key feature of Acumatica ERP software. With this feature, you can streamline your order process and keep track of orders as they move through the pipeline.

Improve financial management

There are a number of ways businesses can make the most out of Acumatica’s features. For example, businesses can use Acumatica to:

– Improve financial management: Acumatica’s financial management tools can help businesses save time and money by streamlining accounting and financial processes. This functionality includes:

     General ledger incorporating real-time analysis fully integrated with all other features

     Accounts receivable and payable

     Cash, currency & tax management solutions

     Fixed assets

     Recurring revenue management