Easy Way To Resolve This Company File Needs To Be Updated Issue
                     Ways To Easily Fix "This 
Company File Needs To Be 
Updated" Message
Are you getting the This Company File Needs To Be Updated error message on your 
screen while trying to access the QBW file? If yes, then you might be unable to run the 
company file functions, and this scenario can occur due to some main reasons, like an 
incorrect file version or lack of admin permissions. You can easily address the 
QuickBooks Company File Needs To Be Updated issue by following the quick solutions 
mentioned below.
If you are finding it difficult to understand these steps, and these solutions seem too 
technical or challenging, you can call our QB professionals at 1-855-856-0042 to get 
the best guidance with the QBW file access problems in the app.

Common Reasons and Scenarios Why You Need to 
Update QuickBooks Company File
• You are not running the company files with proper admin rights, and your current user 
account might lack adequate privileges or might be faulty.
• The company file you are trying to open in QuickBooks Desktop might already be in use in 
a single-user environment. 
• The QBW company file you want to access might have an incorrect or invalid extension, 
and the file might be stored in a damaged folder.
• Your current QuickBooks Desktop version might be old or outdated, which can make it 
incompatible with running the latest company file features. 
• The QBW file you want to open might be compressed or password-protected, and the user 
might not have proper login credentials to access the company data.
Essential Steps to Run the QuickBooks Company File 
Update Process
You can successfully update the QB Desktop company file by following the detailed steps below –
• Open the QuickBooks File menu to choose the Open or Restore Company button, then hit the 
Open a Company File option.
• Hit the Restore a Backup Copy button and select the Backup Copy option, then choose Open 
and enter your login credentials.
• Lastly, hit Update Now once the Update window appears, followed by creating a backup copy 
and clicking Done. 
Troubleshooting Method to Terminate the Can't 
Update QuickBooks Company File Error
If you are unable to update QuickBooks company file, you can perform the troubleshooting 
step below to eliminate the issue –
Step - Activate the File Doctor from the Tool Hub Utility to Repair the 
Company Data Corruption
You can tackle the update problems in the company file by using the file doctor tool from the 
tool hub.
• Open the QuickBooks Tool Hub and choose the QuickBooks File Doctor Tool option from 
the Company File Issues section, then initiate a data repair process.
• Browse the company file and choose the Check your File button, then rerun QuickBooks to 
access the file functions once the tool stops running.
Conclusion
You can easily eliminate the This Company File Needs To Be Updated message by 
following the detailed methods above. If you are unable to update the QBW file even after 
using this guide, you can call our QB support experts at 1-855-856-0042 to get direct help with 
the error.