QuickBooks Warning message: This Company File needs to be Updated | Fixed

QuickBooks error message This company file needs to be updated can appear when you upgrade your QuickBooks Desktop software. After upgrading QuickBooks, when you try to open the company file, it gives QuickBooks needs to update your company file warning. You may only open the company file in QuickBooks if the file is the same or older version of the QuickBooks software. However, the problem arises when you try to open a later version of the QuickBooks company file from an older version of the QuickBooks Desktop software. This blog is a genuine effort to help users facing this error message in QuickBooks.

Getting QuickBooks warning: This company file needs to be updated? Get in touch with qualified QB experts by dialing our QuickBooks error support number 1.855.738.2784.

Things You Need To Consider Before Getting Started With QuickBooks Company File Update Process

To avoid any discrepancies or data disruption, you need to consider the below-listed points before updating the QuickBooks company file.

1. Before updating QuickBooks company file, make sure that you are logged in as an administrator. If you haven’t created other users, you are automatically the admin user for the file. If you’re not signed in as an admin, ask your QuickBooks Administrator to update the company file.
2. Never update a company file over the network. If the file is not stored on the system, you will use to update the file, copy the file on your system, and update. Once the update is completed, move it to its original location.
3. After updating QuickBooks company file, you will not be able to open it in the older version of the QuickBooks. However, if you want to revert to the older version, you may restore the backup of your data file to the old version if required. If you want to work with the updated file, you may again restore the new version of the QuickBooks that the program backs up automatically.
4. You may not convert your company file from QuickBooks Enterprise to Pro or Premier, but QuickBooks Pro or Premier data is convertible into Enterprise version. Once you convert Pro, Premier data into QuickBooks Enterprise, you may not access data back in Pro, Premier versions.
5. Run Verify Data Utility in QuickBooks to ensure that the company file is in good shape and ready to be updated. If not, fix the data damage issues by making use of Rebuild Data utility.
6. Also, check your QBwin.log file for the error message and try to troubleshoot it.

You may Explore Also: How can I fix Error 15101 in QuickBooks?

How To Troubleshoot QuickBooks Message: This Company File Needs To Be Updated?

Now that you have considered all the essential points to update the company file let’s troubleshoot This company file needs to be updated issue.

1. Sign-in to the company file by typing exact login credentials 
2. Once you see QuickBooks Needs to Update your Company File window, hit Update Now
3. QuickBooks will now update the company file after taking a backup of it automatically.
4. If you want to change the location for data backup, select Change this Default Location
5. Wait for the update process to complete and click Done.

If you want any troubleshooting assistance while fixing This company file needs to be updated issue, dial our QuickBooks Error Support number 1.855.738.2784 instantly.