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QuickBooks 2023 | This Company File Needs to be Updated

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This Company File Needs To Be Updated

Upgrading to a newer version of the QuickBooks Desktop? You may see this QuickBooks error message – “This Company file needs to be updated.” When you upgrade your QuickBooks Desktop to a new version, the QuickBooks company file does not update automatically, but you have to update them manually. However, you don’t need to update your company file while switching to a different QB edition (Pro, Premier, and Enterprise) version. If you are getting the same QuickBooks warning: This file needs to be updated, then read this blog until the end to understand how to update your QuickBooks company file to a newer version.

Stressing over how do I update my QuickBooks Company File to 2023? Just dial our QuickBooks error support number 1.800.579.9430 to get all your related queries answered

Things to Consider Before You Update QuickBooks to a Newer Version:

To avoid seeing “This Company File Needs to Be Updated” error message in QuickBooks see the important information on updating your QuickBooks company file listed below-

It is not possible to update QuickBooks file without admin rights:

In QuickBooks, you may grant users various levels of Windows Access Permissions while working in the multi-user mode. However, if you haven’t defined users and roles in QuickBooks Desktop, you are logged in as Admin User by default. However, if you are not logged in as Admin user, you may receive this error message-

“The company file needs to be updated. Ask your QuickBooks Desktop administrator to update the file.”

In this situation, you need to close the QuickBooks company file and reopen it using your Admin login credentials.

Avoid Updating your company file over network:

When you see this prompt- “QuickBooks company file needs to be updated,” then avoid updating your company file over the network. If you want to update a company from a different computer, then first you have to move the file to that system and update it there only. Once it is updated, move it to its original system.

Don’t interrupt the update process of your company file if it is taking time:

Updating a QuickBooks company file may take some time, so you should be prepared for that. Choose to update the company file when a complete downtime does not hamper your work-flow badly. If you try to work with the file having update in process, the update procedure will get interrupted.

Once updated, you may not be able to open QuickBooks file in the older version:

After updating, it is not possible to open the QuickBooks file in the older version. If you want to use your older version of the QuickBooks Desktop, you have to restore the automatic backup of QuickBooks Data in the older version of QuickBooks. If you want to convert the QuickBooks file to a newer version, you can restore it back to the new version.

You cannot convert QuickBooks Desktop Enterprise To Pro or Premier editions:

It is not possible to convert from Enterprise to QB Pro 2023 within the QuickBooks. However, you may get it done by contacting a third party QuickBooks Data Conversion service.

How To Fix “Your Company File Needs To Be Updated” Issue?

To avoid the error message prompting you to update QuickBooks company file, follow the below-listed steps-

  • Open the newer version of QuickBooks application.
  • Go to File and select Open or Restore Company File
  • Now click Open a company file and then hit Next to proceed further.
  • Use Browse option to find and Open your Company File
  • Read the instructions thoroughly on Move Company File and Update Company File windows and then click
  • Update Now
  • Create a back up of the company file and save it to a suitable location
  • When you get a prompt to continue opening a company file in the new version, hit Yes

No Luck with the Troubleshooting Procedure!

If you continue to see QuickBooks error message: The company file needs to be updated, then don’t wait any further to contact a QB expert. Dial our QuickBooks error support phone number 1.800.579.9430 to get in touch with a certified QB expert and get a hassle-free assistance in the error resolution.

In no time, you will stop seeing “This Company File Needs to Be Updated” error message and get back to your day-to-day business accounting process.

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