A Swift Solution For Resolving This Company File Needs To Be Updated Issue
                     Usable Fix For This 
Company File Needs To Be 
Updated Error
QuickBooks is currently available in numerous countries worldwide, helping small 
businesses grow their profits. But users can sometimes face trouble opening the company 
files due to minor glitches. This Company File Needs To Be Updated error message 
appears when the software cannot connect with the company file to access its data. On the 
off chance you also get troubled by this error while opening your company file, go through 
this blog to learn why this data file issue develops and the steps to rectify it.
Get in touch with a QB support team at +1-855-856-0042 to get rid of the error 
quickly.

Reasons
You mostly encounter this error while opening a company file from the No company open 
window. You receive a warning message instead of getting access to the company file due 
to the reasons given below-
• You are using an obsolete version of the company file, and the software malfunctions 
when it tries to run the outdated company file.
• QuickBooks doesn’t have the admin rights to access the data file location on your 
system drive.
• You moved the company file to a different location, and the software still tries to fetch 
the file from its old location.
Solution
Accessing or working on the data file becomes nearly impossible until you get rid of the 
issue from your QBDT. An easy and reliable technique to counter the data file issue on your 
QBDT is mentioned below-
Solution- Run QuickBooks as administrator and update your data file
You receive a dialogue box whenever you try opening a company file which prompts you to 
update the company file. Even after many attempts, you’ll keep receiving the error message 
until you kick out this issue from the software. This mainly happens when some functions 
fail due to an outdated file version, and QBDT develops issues while processing the file. 
You can fix the problem by assigning admin rights to your QBDT and updating your 
company file. Refer to these steps-
• Visit the QB folder on your C: drive using the file explorer or run a direct search if you don’t 
know the precise location.
• Right-click the QBDT launch icon (.exe) inside the folder and tap Properties.
• Navigate to the Compatibility tab and tick the Run this program as 
Administrator checkbox with a single click.
• Click Apply before closing the window.
Your QBDT will run in admin mode whenever you open it. The following steps will help you 
update your company file-
• Go to the File menu of your QBDT and select Open or Restore company.
• Click Open a company file and tap Next.
• Single-click the company file that caused this issue and hit Open.
• Go through the details mentioned in the Update company file for new version panel 
and mark the checkbox with.
• Click the Update Now option and choose a location to store the backup of your company 
file.
• Click Yes in the ‘You are about to open a company file using…’ dialogue box on the 
screen.
Conclusion
This blog focuses on why you receive This Company File Needs To Be Updated message 
when opening a company file. A practical method to resolve the problem is also given in the 
blog, which we hope you’ll apply to run your data file without issues.
Consult a QB expert at +1-855-856-0042 if you face any problems while using the 
procedure.