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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.

If you are getting QuickBooks update company file error and need help, then call us on our toll-free number  +1 800-417-5147 and get assistance from the certified QuickBooks professionals.

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. Don’t 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. 

You may also Read : QuickBooks error 3120

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 doesn’t 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.
  • 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.  
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 +1 800-417-5147.
Related Article :- QuickBooks error qbwc1039

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