Intuit is widely known to release timely updates for the QB Desktop application that contain improved tools, features, and services. After installing all the new QB updates, users can encounter failure while trying to launch the QB company file on the computer.
An error message stating ‘This Company File Needs To Be Updated’ also appears on the screen. This means that users need to upgrade the QB company file in order to make it accessible through the updated QB Desktop application.
In the present blog, the detailed process to upgrade the company file has been illustrated.
If you want informative guidance regarding the ‘This Company File Needs To Be Updated’ error message, you should dial 1-855-856-0042 to contact our QB Professionals Team.
Relevant Technical Aspects That You Must Know Before Updating QB Company File
The following points illustrate correct technical details that you must be aware of before updating the QB company file on the system:
You need to utilize QB Desktop with full admin rights in order to succeed in updating the QB company file on the computer. If you don’t possess the necessary admin access credentials, you should obtain them from the relevant network administrator.
The QB company file must be available on the same system on which you have decided to carry out the update process. If you have kept the QB company file on a different system, you can instantly shift the same QB company file in order to accomplish the execution of the relevant process.
You must not interfere in the ongoing process of updating the QB company file. Otherwise, it is likely that some company file data will be lost in the system.
Another important technical point is that the QB company file will not remain accessible from previous editions of QB Desktop once the update process has been finished on the computer. Hence, it is crucial to select the QB company file very carefully for the update process.
Recommended to read: How to resolve QuickBooks Crashing After Update
Easiest & Valid Procedure to Update QB Desktop Company File On The System
The easiest step-by-step procedure to update the QB Desktop company file on the system is discussed below:
First & foremost, carefully launch the updated QB Desktop window & you must select the ‘File’ menu, after which you should tap the ‘Open or Restore Company’ tab displayed on the screen.
Next, carefully move forward to choose the ‘Open a Company File’ icon, and you can thereafter select the relevant QB company file from the appropriate folder present on the computer.
Now, strike the ‘Open’ button, and you will thereafter start the update process by clicking the ‘Update Now’ button depicted on the ‘Update Company File for New Version’ window.
Thereafter, wait for the completion of the update process for the QB company file, and you will surely succeed in launching the updated company file from the QB window.
You have completed reading the most authentic guide for the ‘This Company File Needs To Be Updated’ error message. If you want further technical help, dial 1-855-856-0042 to contact our QB Professionals Team.
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