This Company File Needs to Be Updated: Easiest & Reliable Guide

by John Kartan Accounting And Bookkeeping

QuickBooks Desktop users constantly acquire fresh updates released by Intuit in order to ensure that they possess the best enhancements. After installing new QB updates, many users discover that they cannot access their company files.

Users receive an error message called ‘This Company File Needs to Be Updated’ at the time of opening the company file. The primary reason behind this error message is that the company file cannot be opened in the newly updated QB Desktop.

Therefore, users also need to upgrade their company files in order to make the relevant company files accessible through the updated QB edition.

Here is a reliable blog that explains the stepwise procedure to upgrade your company file.

Are you searching for accurate guidance regarding the ‘This Company File Needs to Be Updated’ error message? You can dial 1.855.738.2784 to connect with our QB Experts Team.

Important Points to Review Before Attempting to Update QuickBooks Company File

You must study the following points before attempting to update the QuickBooks Desktop Company File on the system:

It is mandatory to execute QB Desktop with complete admin rights to ensure the successful update of the company file. If you don’t have admin credentials, you can ask your QB administrator to upgrade the company file, or you can directly seek admin credentials from the QB administrator.
You must ensure that the company file is saved on the same computer on which the update process is intended to be carried out. If the company file is present on another system, you can shift the same company file to the relevant computer before initiating the update process.
The update process related to QB Company files can take a long time to complete on the system. Hence, you should not interrupt the update process to ensure the smooth upgrade of the selected data file.
Another important point is to note that the updated company file shall become inaccessible from the older versions of QB Desktop present on the system.

It’s possible you’ll learn additionally: How to fix QuickBooks Error 343

Valid & Easy Procedure to Successfully Update QuickBooks Company File

You need to implement the following step-wise procedure to effectively update QuickBooks Company files on the computer:

First & foremost, ensure that no other user is working on the new edition of QB Desktop, after which you must launch the new edition of QB Desktop window to select the ‘File’ menu.
After that, easily click the ‘Open or Restore Company’ tab and immediately strike the ‘Open a Company File’ option, following which you can select the correct icon of the relevant data file.
Next, tap the ‘Open’ button and initiate the update process for the QB Desktop Company file by tapping the ‘Update Now’ button on the screen.
After the company file is updated, you can successfully access it through the newly updated QB Desktop on your computer.

The procedure detailed above must be utilized in the correct sequence to resolve the ‘This Company File Needs to Be Updated’ error message. For additional technical help, dial 1.855.738.2784 to connect with our QB Specialists Team.

Really Helpful To Learn : How To Resolve QuickBooks Email Invoices Not Working