Update QuickBooks Company File Easily [2023]

 Are you planning to upgrade or update the QuickBooks company file to a new version? Well, the QB company file is an important component of the application that holds all the financial data for your organization. However, sometimes while updating this file, you may get an error message saying This company file needs to be updated to QuickBooks 2022. And thus, you need to update the file properly to avoid any issues or errors from coming. For this, we have come up with this blog. It will help you to know about the update process for the company file. So, go through the blog and follow as said.

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What are the things to remember before updating a company file in QuickBooks?

Before you make up your mind about updating your QB company file to the newest version, you must consider the following points. This will prevent you from receiving any errors while doing so.

• There is a lot of difference between updating and upgrading the file, so you need to be very clear about what you need to do.

• The QB company file needs to be updated with the account having full admin rights.

• Do not update your file in QB over a network.

• You won’t be able to open the company file in the older version once it is updated or converted into the new version. This means once the pro or premier version files are converted to the Enterprise edition, they won’t get open in the previous version.

• The files from the QuickBooks desktop Enterprise edition will only open in this version.

• You should check the integrity of your company file with the Rebuild and Verify Utility tool before updating it.

• If the update process for the company file takes longer than expected, do not interrupt it in the middle. This may lead to corruption of the company file.

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How to update a QuickBooks company file to a new version?

Before proceeding ahead with the company file, make sure that no user from your organization is logged into your company file without having admin rights. Then, move ahead with the process of updating your company file step by step.

• First, you need to update your QB to a newer version and open it.

• Then, from the File menu, you have to hit a click on the Open Or Restore Company option.

• After that, you need to highlight the data file and select it.

• If a window appears on the screen and asks you to Move Company File, then follow the instructions and do it.

• Then, go through the information given in the Update Company File For New Version and do as asked.

• After that, click on the box and give your declaration that you understood the instructions given, and hit the Update Now button.

• Here, it will provide you with all the instructions to back up your file.

• Select Yes and do as it asks.

You might face QuickBooks error 12007 while working on this error.

To Wind Up!!

Though we have simplified the process to update the QuickBooks company file, however, you might still find it challenging while executing these steps. But do not worry; if you get stuck and need instant help, you can get it done with Data Service Solution. You can rely on our QB Experts for your data and get your issues fixed easily. Just place a call at the Toll-free number +1-(855)-955-1942

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