This Company File Needs to be Updated:
Causes and Solutions
QuickBooks Desktop customers frequently encounter the error message 'This
company file needs to be updated,' especially after updating to the most
recent version. Such cautions can arise when you attempt to view the
company file.
QuickBooks Desktop may open company files from earlier versions or the same
version. To guarantee compatibility with the most recent software version, 'This
company file needs to be updated’, it is imperative to update the business file.
Although changing the QuickBooks company file is a simple process, there are
a few things to think about before moving forward, which are covered in this
article.
While this blog delivers some fundamental troubleshooting methods, our
team of QuickBooks specialists can propose more comprehensive
assistance. If you have constant troubles or discover that there are
problems with the company file, please contact us at our 1.855.738.2784.
Factors Associated with QuickBooks
Desktop Company File Update Error
The following two factors outlined in this section depict the causes of
QuickBooks desktop company file update errors.
•
Corruption or damage to the company file during transfer or storage can
result in the company file update issues. These difficulties arise when the
company file's integrity is weakened, prompting QuickBooks to propose an
update before permitting access.
•
The error may occur when opening a company file using an outdated or
false version of QuickBooks. This happens when a company file is specified
or last edited in a more recent version of QuickBooks.
Easiest Methods to Update the Company
File
The following methods will help you to update the company file with ease.
Solution 1: Utilize the Verify and Rebuild Tools
QuickBooks provides built-in utilities to address issues with corrupt or damaged
company files. Follow these steps to use the verify and rebuild tools from the
File menu:
•
Start QB Desktop and head to the ‘File’ menu.
•
Select ‘Utilities’ and then ‘Verify Data’ to check for integrity issues.
•
Review the scan results, and if errors persist, proceed to use the rebuild
utility.
•
Return to the File menu, choose Utilities, and select Rebuild Data.
•
Follow the prompts to create a backup before rebuilding.
•
QuickBooks will start the rebuilding process as soon as the backup is
finished.
•
Await the rebuild's completion, which could take a while based on the size
of the file.
•
Check the QBWin.log file for any mistakes that were found during the
rebuilding process, then fix them as needed.
Solution 2: Launch System File Verifier
The purpose of the System File Checker (SFC) scan is to fix necessary Windows
files connected to QuickBooks. To run the scan, adhere to the following
measures.
•
Begin by opening the Run window by pressing the Windows and the R key
at the same time.
•
Here, you have to enter ‘cmd.’ This will start the Command Prompt.
•
In this, you need to press the ‘Command Prompt’ menu button.
•
Then click on the option that allows you to ‘Run as administrator.’
•
Later, enter the following in the prompt window.
•
‘sfc/scannow.’
•
Let the scan finish and repair the company file.
Do not hesitate to contact us directly at our Toll-Free Number for immediate
assistance if you're still having issues “this company file needs to be updated”
or if the error messages continue after trying troubleshooting. Our committed
support staff is here to offer you professional assistance and direction to fix the
problem and guarantee that your QuickBooks software runs without a hitch.