Here’s How to Fix QuickBooks Update Company File

 In QuickBooks, the user needs to update the QuickBooks company file with the current version of the QuickBooks desktop application. While trying to open the old company file in the latest version of QuickBooks, the users might get an error message displaying, “The Company File needs to be updated.” For each new update of QuickBooks, it is important to upgrade the company file accordingly. To more about how to update company file, go through the complete blog.

If you need immediate assistance regarding the QuickBooks update company file issue, then call us on our toll-free number (855)-526-5749 to seek help from QuickBooks experts

Steps to Tackle QuickBooks Update Company File issue 

 Follow the steps given below to update the QuickBooks company file:

 Step 1.  Installing QuickBooks Desktop

• Log in to Windows as an Administrator.
• Download the latest version of the QuickBooks desktop application.
• Install the latest version by following the on-screen steps.

 Step 2. Prepare QuickBooks Company File

• Open your QuickBooks desktop version.
• Next, open the company file you want to upgrade.
• Open the File Information window by tapping the F2 key on your keyboard.
• From the File Information section, keep note of the company file location.
• Now, run the Rebuild tool as it prepares the file for update:
• In QuickBooks, go to the File menu.
• Select Utilities.
• Click Rebuild Data.

 Your company file is prepared for the update.

 Step 3. Update the Company File

 If your company file is on the server computer, move it to your system’s local hard drive before upgrading it. Now, follow the steps given below:

• Log out of the company file.
•  Open your recent version of QuickBooks software.
• Choose Open or Restore Company.Click Open a company file and then Next.
• Browse your system for the QuickBooks company file.
• Next, select the file and click Open.
• Log in to the company file as an Administrator.
• Before upgrading, QuickBooks creates a backup of the company file. Select the Change this default
• location option to save a backup in a particular folder.
• Click on Update Now to initiate the updating process.
• Select Done after QuickBooks finishes

Now, the company file is updated. You can open the company file in the new version of QuickBooks. If you have moved the files to a local drive, move them back to the server.

After following all the steps given above, we hope you have upgraded your company file successfully. If you still have any queries about the QuickBooks update company file issue, get in touch with the QuickBooks support team by calling us on our helpline number (855)-526-5749.