Company File Needs To Be Updated? Here’s What
to Do
QuickBooks is a leading accounting software program celebrated globally for its advanced features and
continuous improvement. Regular updates ensure users receive crucial enhancements. However,
upgrading or converting company files demands caution and understanding. Users have encountered
error messages like company file needs to be updated.
To assist users, this article provides comprehensive steps update your QuickBooks company file. With
proper guidance, users can confidently navigate upgrades and conversions, maximizing the benefits of
QuickBooks’ evolving capabilities while minimizing potential pitfalls. This resource empowers users to
harness the full potential of their accounting software efficiently and effectively.
Continue reading this passage to enhance or transition the company file to a newer version of QuickBooks
desktop. Alternatively, feel free to reach out to our skilled technical support staff at +1.833.802.0002, for
any technical assistance needs. Our proficient team is available to provide prompt support services.
Perks Of Updating the QuickBooks Company File
Exploring the benefits of updating the QuickBooks company file to the latest version reveals numerous new features and
functionalities, offering a range of perks for users.
• Regular updates provide essential security patches and bug fixes, fortifying systems against evolving threats. Users benefit
from enhanced protection by staying updated.
• Updates frequently address software bugs and error codes, enhancing system stability and user experience. By eliminating
these glitches, updates prevent potential disruptions and frustrations during usage. This results in smoother operation and
increased reliability, allowing users to interact with their devices or applications more seamlessly and efficiently.
Steps To Update Company Files In Quickbooks
Initially, ensure you’ve installed the most recent iteration of QuickBooks Desktop software, like QuickBooks Desktop 2019. In
this section, we have learned how to update the QuickBooks company file version. However, in some critical situations, such as
making any changes to prior payroll data, you might need to convert QuickBooks company file to an older version. To do so, you
first need to download an older version of QuickBooks and try to open the company file from the previous year.
Following that, you can proceed to update company files in QuickBooks.
Step 1: Prep Your Company File
To begin, launch your original QuickBooks software and open the specific company file you intend to update.
• Utilize the F2 key to access the ‘Product Information’ window.
• Within this window, navigate to the ‘File Information’ section.
• Take note of the directory where your company file is stored on your computer.
• This step ensures you have the accurate file location handy for any future reference or management tasks within QuickBooks.
Step 2: Update Your Company File
•
•
•
•
•
•
•
•
•
•
•
Ensure all users log out of your company file.
Open the latest version of QuickBooks Desktop.
Navigate to ‘File,’ then choose ‘Open or Restore Company.’
Opt for ‘Open a company file,’ then proceed to ‘Next.’
If you possess a backup company file (QBB) instead of a company file (QBW), select ‘Restore a backup
copy.’
After locating your company file, click ‘Open.’
As the administrator, sign in to your company file.
Optionally, QuickBooks automatically generates a backup of your current company file.
You have the choice to designate a specific folder by selecting Change this default location.
Click ‘Update Now.’
Once QuickBooks completes the process, click ‘Done.’
This blog will help you avoid the company file needs to be updated error message. It also reassures readers that assistance is
available with upgrading or converting their QuickBooks Desktop company file to a newer version. Contact the 24/7 QuickBooks
support +1.833.802.0002 for troubleshooting or queries.