# This Company File Needs To Be Updated: Full Technical Guide


<p>QuickBooks Desktop updates always prove very helpful to users because these updates contain new fixes &amp; features that are more relevant to many projects. However, after installing fresh QB Desktop updates, users can encounter a strange error message called ‘<b><a href="https://blog.accountinghelpline.com/quickbooks-desktop-issues/this-company-file-needs-to-be-updated/">This Company File Needs to Be Updated</a></b>’ while trying to open the company file.</p><p>The occurrence of this error message actually points out the mandatory requirement of upgrading the company file. You will be able to access the company file through the updated QB application only after it has been correctly upgraded.</p><p>In this blog, detailed information on this issue, including the process of updating company files, is available for your benefit.</p><p><b></b></p><blockquote><b>If you want reliable guidance regarding the ‘This Company File Needs To Be Updated’ error message, you should dial [phone] to contact our QB Professionals Team.</b></blockquote><p></p><h2 style="text-align: left;">Essential Technical Details to Know Before Attempting to Update the QuickBooks Company File</h2><div>Before you proceed forward to update the QuickBooks Company File, you need to know the essential technical requirements highlighted in the following points:</div><div><ul style="text-align: left;"><li>Firstly, the process of updating any QB Company file can be carried out only after accessing the QB Desktop application through relevant admin credentials. If you don’t possess relevant admin credentials, you should acquire them from the appropriate network administrator.</li><li>The relevant QB Company file must be located on the same system where you intend to carry out the upgrading process. If the QB Company file is saved on any other workstation of your network, you can shift the relevant QB Company file to the appropriate computer.</li><li>Another crucial point is that the process of upgrading the QB Company file must not be interrupted by any user. If the user interrupts the ongoing process of upgrading the QB Company file, the relevant data will be lost. Therefore, sufficient time must be fixed for the upgrading process of the relevant QB Company file.</li><li>Moreover, it should be known that the upgraded QB Company file will not remain accessible from the older editions of QB Desktop.</li></ul><div style="text-align: center;"><b><i>Read More:&nbsp;<a href="https://blog.accountinghelpline.com/quickbooks-desktop-issues/quickbooks-event-id-4/">How do I fix event ID 4 in QuickBooks?</a></i></b></div><h2 style="text-align: left;">Most Relevant Step-Wise Process to Update the QB Company File</h2></div><div>In order to update the QB Company File, you should execute the steps provided below:</div><div><ul style="text-align: left;"><li>First of all, launch the updated QB Desktop application with admin rights &amp; immediately visit the menu bar to click the ‘File’ menu.</li><li>Next, simply go forward to choose the ‘Open or Restore Company’ tab, after which you can tap the ‘Open a Company File’ option. You must select the appropriate company file icon from the relevant folder.</li><li>Thereafter, strike the ‘Open’ button &amp; mark the confirmation box located on the ‘Update Company File for New Version’ window.</li><li>At this step, you can begin the update process for the selected company file by tapping the ‘Update Now’ button, and you will thereafter succeed in updating the chosen company file on your computer.</li></ul><div>By implementing the processes highlighted above, you should be able to rectify the ‘<b>This Company File Needs to Be Updated</b>’ error message. If you want further technical help, dial <b>[phone]</b> to contact our QB Professionals Team.</div></div><div style="text-align: center;"><b><i>You May Read More: <a href="https://hackmd.io/@j8FBY6gqSte0_3fzMUdK6Q/BkAZndNKT">How To Resolve&nbsp;QuickBooks error 179</a>&nbsp;</i></b></div>