QuickBooks 2022: What’s New and What You Need to Know

QuickBooks 2022 was officially released in September 2021. This continues the annual trend of Intuit releasing a new version of QuickBooks every mid-to-late September. As you would typically expect, the new application versions will provide new features, and this year there is also a new way to purchase QuickBooks 2022. So let us dive into the new features QuickBooks 2022 has to offer.

What Changed in QuickBooks 2022?

QuickBooks 2022 offers several significant new features and upgrades focused on time management and productivity including:

• 64-bit Advanced processing Power
• E-commerce for QuickBooks with Webgility
• Pay and schedule bills within QuickBooks using a bank transfer, credit card, or debit card.
• A Bill approval process
• Bill entry automation and customized bill payment stubs
• Upload documents
• Choose from multiple customer contacts
• Instant Deposit
• Payment links

To better understand these improvements, let us go over a few of the features in more detail.

64-bit Advanced Processing Power

Today's modern operating systems require a 64-bit program to take full advantage of any computer or server's processing power. By taking advantage of this, QuickBooks has improved stability and performance. It also allows you to open your company files faster and allow for more seamless integration with 3rd-party applications by using a framework most developers prefer.

E-commerce for QuickBooks with Webgility

This new feature allows you to track your review from different selling platforms such as Amazon, eBay, and Shopify, then sync them directly with your QuickBooks. To learn more about Webgility, check out their website.

Bill Approval Process

In QuickBooks Enterprise 2022, users can set up custom Bill Approval Workflows. This new feature will now allow users to teach QuickBooks how to follow the same purchase order and bill approval processes they use in their organization.

QuickBooks 2022 Desktop Subscription Models

Starting this year, Intuit has officially moved away from the one-time purchase of licenses for all versions of QuickBooks 2022. All versions of QuickBooks Desktop will be on a subscription-based model which can be paid either monthly or annually.

What Does QuickBooks 2022 Cost?

According to QuickBooks pricing models, the different versions of QuickBooks have different starting prices based on the number of users needing to access the applications. These prices can vary and can often fluctuate, so be sure to contact a specialist for a quote before you buy.

Differences Between QuickBooks Desktop Pro Plus and QuickBooks Desktop Premier Plus Subscriptions

QuickBooks Desktop Pro Plus and Premier Plus subscribers use a similar interface as each other, with Premier Plus providing a few more reports and industry-specific features to end-users. Premier plus will also allow up to a 5-user license, whereas Pro Plus will only allow up to a 3-user license.

Migration from Pro or Premier QuickBooks Desktop to QuickBooks 2022

QuickBooks Pro and Premier QuickBooks Desktop products who want to migrate to one of the new subscription plans can easily switch. The subscription-based QuickBooks Desktop versions will import financial and historical data from these products.

Why Is Intuit Offering New Subscription Plans?

Intuit says customers who shift to a desktop subscription will always have access to QuickBooks' latest supported version. Subscribers benefit from the exclusive features mentioned above, as well as up-to-date security patches as needed. Intuit also says the company is prioritizing its resource investment in its subscription offerings with the goal of establishing them as best-in-class, best-value desktop options. Intuit says its shift to a subscription model is partly in response to the preferences of many of its millions of small business and accounting customers.

What Happens to User Data When a User Cancels a Subscription?

Customers who download QuickBooks subscription products will always own their data. If a customer cancels a subscription, they won’t be able to access the software but will retain their data files, which users can open on a machine with an active license. The same is true when a subscription expires, and a customer reactivates it. Users will still have access to their financial records.

Do I Have to Upgrade to QuickBooks 2022?

If you use a monthly or annual subscription to access QuickBooks Desktop, upgrades are free of charge and offered to subscribers when the update becomes available. For instance, subscribers could access QuickBooks Desktop 2021 when Intuit released it in September 2020. Going forward, Intuit is likely to require subscribers of QuickBooks Pro and Premier Plus plans to upgrade in order to keep using QuickBooks. Many QuickBooks products prior to QuickBooks 2022 and QuickBooks add-ons require upgrades every three years. If you are currently using a purchased license of QuickBooks 2021, then you are not required to upgrade your QuickBooks version until 2024, when the support of QuickBooks 2021 will likely end and updates will no longer be available.

What Happens if I Don’t Upgrade?

QuickBooks Desktop customers who own their products outright can continue using their products without issue, as has been the case in years past. However, these customers will likely need to pay for a customer support plan if they want to have access to support resources. You can find out more about how Intuit has typically handled upgrades and what to expect in terms of customer support on the company’s support forum.

Does QuickBooks Roll Out a New Version Every Year?

Yes. You can expect to see upgraded versions of QuickBooks each fall, as well as updates throughout the year. This is true of the core QuickBooks offerings as well as add-ons for specific tasks like payroll.

Enhance QuickBooks Desktop 2022 with Cloud Access

Before signing up for Intuit’s QuickBooks cloud hosting for QuickBooks 2022 Desktop versions, take a good look at the fine print. After all, you’re dealing with private financial data. Secure, dedicated servers for cloud hosting are a must. Summit Hosting hosts QuickBooks Desktop with private cloud access. This means we never host your data on the same server as another customer’s data. Learn more and sign up for a free trial today.