Quickly Fix the error "This Company File Needs To Be Updated"
                     This Company File Needs To 
Be Updated: Full Technical 
Guide
QuickBooks Desktop updates always prove very helpful to users 
because these updates contain new fixes & features that are more 
relevant to many projects. However, after installing fresh QB Desktop 
updates, users can encounter a strange error message called ‘
This Company File Needs to Be Updated’ while trying to open the 
company file.
The occurrence of this error message actually points out the 
mandatory requirement of upgrading the company file. You will be 
able to access the company file through the updated QB application 
only after it has been correctly upgraded.
In this blog, detailed information on this issue, including the process of 
updating company files, is available for your benefit.

If you want reliable guidance regarding the ‘This Company File 
Needs To Be Updated’ error message, you should dial +1-855-738-
2784 to contact our QB Professionals Team.
Essential Technical Details to Know Before Attempting to 
Update the QuickBooks Company File
Before you proceed forward to update the QuickBooks Company File, 
you need to know the essential technical requirements highlighted in the 
following points:
1. Firstly, the process of updating any QB Company file can be carried 
out only after accessing the QB Desktop application through relevant 
admin credentials. If you don’t possess relevant admin credentials, you 
should acquire them from the appropriate network administrator.
2. The relevant QB Company file must be located on the same system 
where you intend to carry out the upgrading process. If the QB Company file 
is saved on any other workstation of your network, you can shift the relevant 
QB Company file to the appropriate computer.
3. Another crucial point is that the process of upgrading the QB Company 
file must not be interrupted by any user. If the user interrupts the ongoing 
process of upgrading the QB Company file, the relevant data will be lost. 
Therefore, sufficient time must be fixed for the upgrading process of the 
relevant QB Company file.
4. Moreover, it should be known that the upgraded QB Company file will not 
remain accessible from the older editions of QB Desktop.
Most Relevant Step-Wise Process to Update the QB 
Company File
In order to update the QB Company File, you should execute the steps 
provided below:
1. First of all, launch the updated QB Desktop application with admin 
rights & immediately visit the menu bar to click the ‘File’ menu.
2. Next, simply go forward to choose the ‘Open or Restore Company’ tab, 
after which you can tap the ‘Open a Company File’ option. You must 
select the appropriate company file icon from the relevant folder.
3. Thereafter, strike the ‘Open’ button & mark the confirmation box located 
on the ‘Update Company File for New Version’ window.
At this step, you can begin the update process for the selected 
company file by tapping the ‘Update Now’ button, and you will 
thereafter succeed in updating the chosen company file on your 
computer.
By implementing the processes highlighted above, you should be able 
to rectify the ‘This Company File Needs to Be Updated’ error 
message. If you want further technical help, dial +1-855-738-2784 to 
contact our QB Professionals Team.