Step-by-Step guide to fix This Company File Needs To Be Updated Issue
                     This Company File Needs to Be Updated: Complete Technical Guide
QuickBooks Desktop is tremendously admired across the globe due to its 
extraordinary accounting & bookkeeping features that are aptly suited for small 
business units. Intuit ensures that this software remains in prime working condition by 
constantly releasing fresh updates as per the growing requirements of users.
After installing new QB updates, many users receive an error message called 
This Company File Needs to Be Updated at the time of opening the company file. 
This message indicates that the company file will be required to be updated so that it 
can be launched through the updated edition of the QB Desktop application.
The present blog gives you an authentic step-wise procedure to effectively upgrade 
the company file on the system.
If you are extremely annoyed due to the ‘This Company File Needs to Be 
Updated’ error message, you can dial 1.855.738.2784 to contact our QB 
Specialists Team for assistance.

Crucial Points to Study Before Trying to Upgrade QuickBooks 
Company File
There are some specific points that describe various conditions & requirements that 
every QB user must be aware of before trying to upgrade the QuickBooks Company 
file on the system:
1. First & foremost, you must note that the process of upgrading the company file can 
only be carried out by executing QB through admin credentials. If you don’t 
possess the admin credentials, you can seek them from the QB network 
administrator.
2. The company file must be present on the computer on which the upgrade process 
of the company file needs to be carried out. If you have saved the company file on 
some other computer attached to the network, you must move the same company 
file to the desired system where you can accomplish the required process.
3. It is very crucial to make sure that the update process of the company file is not 
interrupted on the computer. If any user interrupts the ongoing update process of 
the company file, the process will stop. Therefore, you should allow sufficient time 
to ensure that the update process of the company file is completed on the 
computer.
4. Finally, you must know that the updated company file cannot be opened in the 
older edition of the QB Desktop application. Furthermore, the updated company file 
will also not open in any other version of the QB application.
Correct Step-by-Step Procedure to Upgrade QB Company File
Here is the valid step-by-step procedure to upgrade the QB Company file on the 
system:
1. Firstly, launch the fresh edition of QB Desktop on the system & instantly approach 
the ‘Open or Restore Company’ icon situated inside the ‘File’ menu so that you can 
later hit the ‘Open a Company File’ option.
2. Just thereafter, choose the company file icon & immediately strike the ‘Open’ 
button, following which you shall start the update process of the company file by 
clicking the ‘Update Now’ button.
3. Once the required update process of the company file is finished, you need to hit 
the ‘Done’ button, after which you can open the updated company file via the QB 
window.
The procedure given above is authentic & it must be executed in the precise order to 
tackle the This Company File Needs to Be Updated error message. For additional 
technical assistance, you need to dial 1.855.738.2784 to contact our QB Professionals 
Team.