QuickBooks is a premium accounting tool that has reduced business hassle in recording accounting transactions. The software ensures that business transactions are recorded without any errors, and customized reports are easily created. This self-help, article solves a query of desktop users on how to update QuickBooks company file for a newer version of QuickBooks desktop.

How to Update QuickBooks Company File in Pro, Premier & Enterprise Version

To keep the software up to date, Intuit advises users to update the software at regular intervals to get the latest features. While updating the software, it is also advised that the company file must be updated to ensure data protection and hassle-free working.

In this article, we will list the simple methods that you can follow to update the QuickBooks company file.

Factors to Consider Before Updating QuickBooks Company File

Before you update QuickBooks’ company file, you must consider some factors to ensure that the entire process does not bring any complications. The list of necessary factors to consider before you update QuickBooks company file is listed below:-

Create A Backup of the QuickBooks Company File

While updating a QuickBooks company file, there are chances that the file might be corrupted or important data is compromised. Although the chances are unlikely, you must minimize the threat by creating a local backup of the QuickBooks company file. To create a local backup of the QuickBooks company file, follow the steps mentioned below.

Update QuickBooks Company File

Wait for the process to finish. Once the backup is completed, restart your computer to make the necessary changes.

Steps to Update QuickBooks Company File

Now that you have backed up the company file, follow the steps mentioned below to update the QuickBooks company file.

Install QuickBooks

Firstly, install QuickBooks from the official website of Intuit. It is advised that you must download the latest version of the software. Follow all the instructions that appear on the screen to install the software.

Prepare Your Company File

Once you have installed the latest version of QuickBooks, follow the steps below to prepare your company file.

If the company files are stored on the server, you must shift them to the local system to avoid any hassle. 

Update Your QuickBooks Company File

To update the QuickBooks company file, follow the steps mentioned below.

Update QuickBooks Company File

You must remember that if you have not created a local backup, QuickBooks automatically creates a backup of the company file.

Contact QuickBooks Professionals

This article sheds details on the complete process of updating the QuickBooks company file. If you need more information regarding the process, contact our QuickBooks desktop support experts on our toll-free helpline number +1888-727-4587.


Can I Update QuickBooks Company File Remotely?

Yes, you can update QuickBooks company files from any system and location.

Should I Create a Local Backup of the Company File?

For safety purposes, you must update QuickBooks’ company file before initiating the update process.

How to setup a company file in QuickBooks?

You can easily setup a company file in QuickBooks desktop by navigating to file>new company.

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