Updating quickbooks company file
If you find yourself in that spot, you have a couple of options. You can just keep using the version of Quick Books you were using before. If you were not having problems in the previous version, you can probably keep using that version for awhile (or maybe even indefinitely) without encountering data errors. This can be done overnight or over a weekend, so there shouldn’t be too much downtime for you.
This is obviously not a great option, because there was a reason that you are trying to upgrade — you want some of the new version’s features, or you’re trying to maintain payroll support, etc. You’ll have to restore a backup of your company to use under your prior version; the semi-converted copy of your file won’t be usable by either version. There have only been a couple of instances over the years where we couldn’t correct the data problem and convert the file.
Converting or upgrading isn't that bad, it's actually pretty painless for even the computer inept.
However, there are some steps you should complete before attempting this.
The underlying structure has to be modified to account for the changes.It is not beneficial to upgrade the file while stored on a network or a mapped drive.This may take the conversion unsecured and puts the file at risk of being damaged.Updating (converting) your company file to a newer version of Quick Books ' data-inline-edit-type='wysiwyg' data-inline-edit-url='/answers/795551' id='inline_edit_answer_795551_body' People come to Accountants Community for help and answers—we want to let them know that we're here to listen and share our knowledge.We do that with the style and format of our responses.
Upgrading your version of Quick Books is supposed to be easy: You install the new software, open your Quick Books company file, and voila!