All You Need To Know About QuickBooks Update Company File

1
All You Need To Know About QuickBooks Update
Company File

• We need to update the software we are using for
  its better performance and efficient working.
  Just like other applications, we update the
  QuickBooks desktop to its latest version. But,
  sometimes, when we open the company file in
  QuickBooks, we get an error message, This
  company file needs to be updated QuickBooks
  2020. It happens when we try to open the old
  company file in the latest version of QuickBooks.
  To open the company file, you also need to
  upgrade the company file. However, there is no
  need to upgrade the file while switching from one
  edition to another. To get detailed information
  on updating QuickBooks company file to the
  current version, continue reading the blog till
  the end.

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Points to Consider before updating the QuickBooks
company file

• Keep in mind the following points before
  proceeding to update the company file

1. The user needs to have full-admin rights.
2. Take a backup of the company file.
3. Dont update your company file on the server
   computer. Move the company file to the local
   drive, upgrade it and then place it to its
   previous location.

Move the company file to the local drive, upgrade
it and then place it to its previous location. 
3
Step-wise Instructions to Update QuickBooks
company file to its current version

1. Update QuickBooks to its most recent version.
2. Then, prepare the company file.
3. Update the company file  

• Log out of the company file from each
  workstation.
• Open the latest version of QuickBooks Desktop.
• Select Open or Restore Company.
• If the company file doesnt open, go to the File
  menu and select Open or Restore Company.
• Select Open a company file and then Next.
• If you have a backup company file, in that case,
  select Restore a backup copy and then Local
  backup.
• Search for your company file.

4

• Choose the file and click Open.
• Log in to your company file as an admin user.
• Before upgrading, QuickBooks automatically
  creates a backup of your existing company file.
  If you want, you can select Change this default
  location to save the backup in a specific folder.
• Click Update Now and start the upgrade.
• At last, click Done.  

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Conclusion
We hope this blog helped you update the company
file. If you still get the QuickBooks update
company file, then contact the QuickBooks support
team by calling us on our helpline
number (855)-526-5749.