This Company File Needs To Be Updated | Steps To Handle

This company needs to be updated error message can crop up on your screen when you upgrade the QuickBooks application. To open the QuickBooks Company file in the newer version of the program, you need to ensure that the file is compatible with it. To ensure this, you will need to update the Company file as QuickBooks doesn’t update it automatically. However, you don’t need to update the company file when switching to a different version of the QuickBooks application. Follow this post until the end to get rid of “This Company file needs to be updated” error message.

Getting perplexed with the question, “how do I update my QuickBooks Company file to 2019”? Give us a call on our QuickBooks error helpline number (855) 526-5749 to get help from QB experts.

How To Update QuickBooks Company File In Fail-Safe Manner?

Now that you know the reason behind “This Company file needs to be updated” error message check some essential points that you need to consider while updating the QBW file:

You may not be able to update the QuickBooks company file without sufficient admin permissions.
You need to avoid updating company file over the network. The best way to do this is to move the company file on the system where you want to update it. Once the task is done, move it back to its original location.
When updating QuickBooks company file, don’t interrupt the process if it is taking too long. The time depends upon the size of the company file.
Take a backup of your company file as you may not be able to access the company file in the older version when you convert QuickBooks file to a newer version.

Company File Compatibility Between QuickBooks Versions

When upgrading QuickBooks application, you may get issues related to Company file compatibility between QuickBooks versions. It leads to QuickBooks warning: this file needs to be updated. The company file compatibility between QuickBooks versions can get affected in a below-given manner:

You can open the Premier company file in Pro and vice versa.
You can upgrade the Pro and Premier Company files to Enterprise Solutions (ES), but you cannot open Enterprise Solution files in Pro or Premier.

How To Deal With “QuickBooks Company File Needs To Be Updated” Error Message?

Below are the steps that can help you in troubleshooting “This Company file needs to be updated” issue:

Open the upgraded version of the QuickBooks application and go to the File menu.
Next, you need to select Open or Restore Company File.
Open a company file and then click on Next.
After that, find and Open your Company File using the Browse option.
Follow the on-screen instructions stated on Move Company File and Update Company File.
Now click the Update Now tab.
Take a backup of the company file and save it on your Desktop.
In the end, click Yes to finish the task.

Get Professional Assistance!

The steps described in this post can help you in troubleshooting QBW file needs to be updated error message. If you need to get assistance from experts, dial our QuickBooks error helpline number (855) 526-5749. On connecting, you can get comprehensive assistance in troubleshooting “This Company file needs to be updated” error message.