Detailed Guide For “This Company File Needs To Be Updated” Issue

When you upgrade QuickBooks application, an error message can appear on your screen that states, “This Company file needs to be updated”. This error message indicates that the company file should be compatible with the QuickBooks Desktop version; otherwise, you may not be able to open it properly. A Company file doesn’t get updated automatically, but you have to perform the right procedure to accomplish this task. In this post, we will discuss the steps to update the company file so that “This Company file needs to be updated” error message can be avoided.

Getting a QuickBooks message, the company file needs to be updated? Give us a call on our QuickBooks error helpline number (855)-526-5749 to get a relevant solution from QB experts.

QB Company File Needs To Be Updated: Error Message Description

When you upgrade the QuickBooks application, it gives an error message on the screen that reads-

Warning: This Company file needs to be updated. Please ask your QuickBooks Administrator to update the file.

This message indicated that you need to have full administrative rights to update the Company file. If you are already logged in as an administrator, you can complete the procedure using a few simple steps. If not, you need to provide accurate login credentials to proceed with the task.

How To Deal With QuickBooks Error Message: This Company File Needs To Be Updated?

In the first place, you need to ensure certain essential points in your mind to make the update process smooth and error-free. Check the below-given list:

• Make sure that you are logged in as an admin.

• Avoid updating the Company file over the network.

• The update time depends upon the file size. Don’t interrupt an on-going update process if it is taking too long.

• Once the file is updated, you may not be able to use the older version of the QuickBooks. It is important that you create a backup of your company file that can be restored when required.

• You may not be able to convert the company file to other versions from QuickBooks Enterprise.

Steps To Fix QuickBooks Warning: This Company File Needs To Be Updated

To resolve “This Company file needs to be updated” error message, follow the below-given steps:

• Open the newer version of QuickBooks and select Open or Restore Company file to proceed further.

• Next, you need to click Open a company file and then click Next to proceed further.

• Moving ahead, use the Browse option to locate and Open your Company File

• Read the on-screen instructions carefully on Move Company File and Update Company File windows.

• After that, click Update Now.

• Create a backup of the company file to prevent permanent data loss.

• In the end, click Yes when you are prompted to do so.

Feeling Technical Unease in The Error Resolution?

If you are facing any difficulty in the error resolution, dial our QuickBooks error helpline number (855)-526-5749 to get rid of “This Company file needs to be updated” error warning message.