This Company File Needs To Be Updated: Precise Step-Wise Process

QuickBooks Desktop has reliably assisted many users of the small business community through precise accounting and bookkeeping tools. One of the major benefits offered by Intuit is new QB Desktop updates on a consistent basis.

After updating QB Desktop, many users fail to launch the company file due to a unique error message called ‘This Company File Needs to Be Updated’. Actually, the QB users are required to update the company file in order to make sure that it opens in the updated version of QB Desktop on the computer.

This blog is all about the exact process through which you can update your relevant company file.
 
If you are presently troubled due to the ‘This Company File Needs to Be Updated’ error message, you can dial 1-855-856-0042 to contact our QB Professionals Team.
 

Common Points That Should Be Known Before ‘Updating QB Desktop Company File’

Here are some important points that need to be reviewed before you can proceed to implement the process for ‘Updating QB Desktop Company File’:
  1. The update process of the relevant company file can be carried through the admin mode, and therefore, you will require complete admin credentials to successfully execute QB with all the admin rights on the computer.
  2. It is essential to store the company file in the designated system while carrying out the update process, and you should not keep the data file on any workstation.
  3. The ongoing update process of the company file should not be interrupted in order to ensure the seamless update of the relevant data file.
  4. You must also note that the updated company file will not open up in the older versions of QB Desktop on the computer.
  5. It is also not possible to convert the updated company file in such a way that it opens up in separate versions of QuickBooks Desktop released by Intuit.

Accurate Process to Ensure the Successful Update of QuickBooks Desktop Company File

The process given in this section must be implemented in the correct fashion to ensure the successful update of the QuickBooks Desktop Company File:
  1. Just launch the QB Desktop application using the correct admin login credentials, and you must proceed forward to tap the ‘File’ menu on the QB Desktop window to choose the ‘Open or Restore Company’ tab.
  2. Thereafter, seamlessly choose the ‘Open a Company File’ tab & immediately hit the ‘Open’ button in order to select the desired QB Company file from its original location on the computer.
  3. Now, view the information depicted on the ‘Update Company File for New Version’ window and instantly mark the checkbox, following which the ‘Update Now’ button should be pressed to correctly update the company file.
  4. Next, wait until the company file update process is completed, and you can now effortlessly launch the updated company file through the QB Desktop window on the computer.
The process elucidated above needs to be implemented in the exact sequence to tackle the ‘This Company File Needs to Be Updated’ error message. For further help, dial 1-855-856-0042 to contact our QB Specialists Team.
 
Posted in Business blogs on August 31 at 01:08 PM

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