QuickBooks stores financial data as company files which are very crucial for users. But sometimes they get blocked by This Company File Needs To Be Updated error message while opening the company file. If you also run into this error message while opening a company file on your PC, continue reading this informational blog to figure out why it happens and the methods to establish contact with the data file without issues.
Get in touch with a team of QB experts at 1-855-856-0042 to quickly sort out this error with their assistance.
Reasons
You can randomly run into this message while trying to run your company file. This error message appears and stops your company file from opening due to the following reasons-
Your QuickBooks Desktop needs a software update as you run an obsolete version.
Multiple windows were open the last time you closed QuickBooks.
The company file’s path in your system is broken, and QBDT fails to set up a connection with the file.
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Solutions
You will lose access to your financial data as this error message will come up whenever you open the company file. You can apply the techniques given below to resolve the issue and open your company file without problems-
Solution 1- Ensure the company file is in the correct format and download the latest QBDT updates
This error mostly comes up when the software doesn’t run properly due to its outdated version. The software will generate issues while setting up a contact with the company file and show error messages against your attempts. Before opening the file again, you must also check that the file exists in .QBW format, as the software can face trouble following the same procedure to open other file types like .QBB & .QBM. Also check that the file isn’t compressed or encrypted, as it creates problems for QBDT. Use the following steps-
Go to the Help menu of your QBDT and click the Update QuickBooks Desktop option.
Click the Reset Update option below the Update Now tab and single-click the Mark All checkbox.
Click Get Updates and wait until the software update package is downloaded to your system.
Reopen the software and follow the instructions to install the updates.
After the software is updated, go to your company file and apply the following steps-
Right-click the data file and select Properties.
Go to the Advanced tab and ensure the Compress and Encrypt checkboxes are unmarked.
Tap Ok and open the company file in QuickBooks.
If you still fail to access the financial data on the file, move to the next solution.
Solution 2- Turn off Save the Desktop option in QB preference
We all know that QB tries to open all the Windows you left open while closing the software. You will run into this issue if you had multiple Windows opened the last time you closed QuickBooks and the software failed to open the Windows when you tried running the software now. You can tackle the issue by configuring QB preferences as shown in the steps mentioned below-
Approach the Edit menu of your QB Desktop and select Preferences.
Click the Desktop View option and select Don’t save the Desktop.
Press Ok and try opening the company files again.
Conclusion
We have reached the end of this blog explaining why you encounter This Company File Needs To Be Updated message while accessing a data file. The methods to counter the data file issue are also mentioned in the blog, which you can use to eliminate the problem from your QBDT easily.
Speak to a QB support team at 1-855-856-0042 to clarify your remaining queries about the issue.
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