Learn How to Update QuickBooks

Company File to the Latest Version

Are you confused about if you should update your QuickBooks company file or not? If yes, then how do you need to do it? Remember, if you have upgraded the QuickBooks software, then it does not mean that it will automatically upgrade your company file. So, you need to upgrade it manually. Also, only a QuickBooks Admin user can upgrade the QB company file, so you have to get the QuickBooks Admin credentials first.

After that, read this article completely It will guide you to update quickbooks company file to the latest version.

What is the Error Message associated with Company File Updater?

As discussed above, the QB application has an automatic feature to get updated from old to new versions; however, this does not imply to the company file. So, whenever you try to open the company file after the application update, it gives you an error saying the quickbooks company file needs to be updated.

However, if you switch to the Pro, Premier, or Enterprise version of QuickBooks, then you do not need to update QuickBooks company file.

Facts to take care of before You update QuickBooks company file

Before you move ahead with the process of updating the QuickBooks company file, you have to take into consideration some points. Here is a list of them:

● Make changes to your company file only if you have full admin rights.

● Try not to update the company file over the network.

● QuickBooks will not allow you to open the older version of your company file, once you have updated it.

● Also, the enterprise version company files will only open in the QuickBooks Desktop Enterprise edition, so do not try to open it anywhere else.

● Also, check the data integrity of your company file before updating or upgrading it, or else it will give errors when you try to update the QuickBooks company file.

● Remember, do not interrupt the company file update process in the middle, whatsoever time it may take.

Read Also- Troubleshoot quickbooks error ol-301 with various methods

Updated Ways to update QuickBooks company

If any user is active or logged in to the company file without admin rights, then it may create issues while updating the file. So, make sure no user is logged in to the company file. After that, follow the given steps:

Step 1: Prepare the company file before updating

● Begin the process by opening the original version of the QB Desktop and opening the company file which you want to update.

● After that, press and hold on to the F2 key on the keyboard to open the Product Information window

● Next, you have to go to the File Information section and write down the location of your company file.

● After that, once run your company file through the Rebuild Tool before proceeding forward.

● Lastly, you need to move your company file to the system’s local hard device and re-transfer it again once you have upgraded it.

Step 2: Move and Update the QuickBooks company file

● First, ensure all users are signed out of the company file.

● Then, open the updated version of your QB Desktop.

● After that, go to the File section, followed by the Open or Restore Company option if your company file is not open yet.

● Now, click on the Open a company file option again, and hit Next. Tip: If you have a backup file for your company file, then you have to choose the Restore a backup copy option in place of opening the company file.

● If not, then you have to look and select the company file and then Open it.

● Now, you have to sign in to your company file with admin rights.

● After these steps, QB will automatically create a backup for your existing company file. If you want, then you can select Change this default location to change the backup file location.

● Lastly, hit the Update Now button, and once it finishes, tap Done.

Still, Need Help!!

Well, the above methods were easy to follow However, you may still get confused over the technical part of the process. So, in that case, you can connect with our team at Data Service Solution and get the required help. Ring out toll-free number +1-(855)-955-1942 now.