When you upgrade to a latest version of QuickBooks Desktop and try to open a QuickBooks company file, you may encounter a warning message that says: “This Company file needs to be updated. Please ask your QuickBooks Admin to update the file"Until the problem is fixed, you might have trouble loading your company file. This article talks about how to fix the This company file needs to be updated error in QuickBooks. It also explains the causes and methods to fix this error. 

Read more: https://dailybusinesspost.com/this-company-file-needs-to-be-updated-error-in-quickbooks/