How To Update QuickBooks Company File in Manageable Steps?

Posted 2 years ago in TECHNOLOGY.

Updating your company file is an essential and rewarding task since the new version of the company file is equipped with different advanced features.

How To Update QuickBooks Company File in Manageable Steps?

Updating your company file is an essential and rewarding task since the new version of the company file is equipped with different advanced features. However, the task of updating can be daunting and confusing at times and can give rise to various errors. So, the user needs to be a bit careful while upgrading the company file and following the steps. This blog will help you Update QuickBooks Company File and the pre-requisites you need to take care of while carrying out the process.

If there is something in the blog that you are unable to understand or have some other queries related to the company file, then you are welcome to call +1-888-704-1357 to QuickBooks Support.

Fields and points to check before updating the Company File

There are a few errors that a user can encounter while updating. So, make sure you carry out the process carefully. To do so, check the given points:

  1. Do not let any other user or system in the network access the company file when the update is ongoing.
  2. You are required to be logged in to the application as an admin before you start the update of the file.
  3. You can not convert your company file in QuickBooks Pro and premier if you are using QuickBooks Desktop Enterprise.

When you consider these points, you can smoothly begin updating.

                        Related article:- QuickBooks error 12007

This is how you should update the company file

In QuickBooks, you can swiftly update the company file to avail the latest features by following the given steps:

  1. Install the newest version of the QuickBooks application.
  2. Prepare your company file by opening the company file that is to be updated in QuickBooks. Then tap the F2 key to open the Product Information window.
  3. Click File Information and note the location where you save the file.
  4. Log out and close all the company files.
  5. Open the latest QuickBooks Desktop and tap on Open or Restore Company. This option can also be selected from the File menu.
  6. Now, choose Open a company file, then hit Next
  7. If you don’t have a company file (QBW) and have a backup company file (QBB) instead, restore a backup copy and select the local backup option.
  8. Then search for your company file on your system.
  9. Then, select the file and open it by clicking Open.
  10. Sign in as the admin to the company file.
  11. Before the update starts, QuickBooks automatically backs up your existing company file. You need to select Change this default location to backup in a particular folder.
  12. Start the update by clicking Update Now.

Now you have your company file updated; you can open and use them, and avail the new features to carry your work forward.


This blog helps the users to understand how they can Update QuickBooks Company File. Besides, it gives the steps they must consider before setting to the update procedure. If you face any difficulties on the way to the method, you can anytime call QuickBooks Support Helpline at +1-800-579-9430 to clarify your queries and doubts.

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Ashley Graham

Living in United States