A new version of QuickBooks Desktop is launched every year with new and advanced features. If the user wants to upgrade their software to the new version, then they also need to update their Company file to make it compatible with the application. Failing to update the Company file can give you the error message “This company file needs to be updated”. Click on the ‘Update Now’ button after logging in as an administrator to resolve the error. If you need any help on how to update, then contact us at (844)-932-1139