Is the QuickBooks app asking you to update the QBW files before accessing them? If yes, then you might be getting the update QuickBooks company file message on the screen. This issue can prevent users from accessing the file functions and can arise due to some common causes, like a lack of admin rights or corrupted QBW file data. You can easily address the this company file needs to be updated message by following the detailed guide below.

If you are having trouble following the detailed steps given below, and these solutions seem too challenging to understand, you can call our QB technicians at 1.855.738.2784 to get the best guidance with the QBW file update problems.

What are the Main Reasons and Scenarios That Can Prompt the QuickBooks 2022 Company File Needs to Be Updated Message?

If your app is asking you to update QuickBooks Desktop company file, the following common causes and primary factors might be responsible -

1. You are not running the company file functions with proper admin rights, and the lack of admin privilege can prevent users from performing the process.
2. The QBW company file might be damaged or corrupted, and the file name might be too long or contain extra spaces while accessing the file data.
3. Your current QuickBooks version might be old, outdated, or discontinued by Intuit, which can cause compatibility issues while running the QBW file functions.
4. The company file you are trying to access might be compressed or password-protected, which can cause file access issues while running the app.
5. The QBW company file might already be in use over the network while running QuickBooks in a single-user mode.

You May Also Read: Why Does QuickBooks Not Respond When Opening a Company File?

Quick Steps to Easily Address the QuickBooks Needs to Update Your Company File Message

If QuickBooks Desktop needs to update your company file, you can perform the effective steps below to run the update process -  

1. Open QuickBooks to access the File tab and choose the Open or Restore Company option, then choose the Open a Company File button.
2. Hit the Local Backup option to open the QBW file backup from the local storage, then browse the file by choosing Open.
3. Enter your admin login credentials and sign in to the company file, then hit Update Now on the Update window.
4. Next, QB will automatically create a backup copy for the company file before running the update process, and once done, you can hit the Change the Default Location button to move the file to another folder.
5. Hit Done once the company file is updated and properly stored in the PC, followed by running the file functions to ensure that the update process is successful.

If there are issues in the company file update process, you can run the QuickBooks File Doctor Tool of the Tool Hub utility to mend the QBW file corruption issues.

Conclusion

If you want to update QuickBooks company file, you can perform the reliable steps above to successfully run the process. If these solutions seem ineffective in updating the QBW file, you can call our QB support team at 1.855.738.2784 to get direct guidance with the error.

Recommended To Read: How To Resolve QuickBooks Error 1327