This Company File Needs to Be Updated: Common Causes and Easy Fixes The notice "This Company File Needs to Be Updated" means that an update is necessary to guarantee accuracy and functionality in the company's database or records. This could entail updating program versions, reconciling out-of-date entries, or revising financial data. Frequent updates guarantee adherence to the most recent standards and requirements, preserve system integrity, and prevent problems.If you experience any problems, call the QB support team at 1.855.738.2784. https://accountinghelplineus.mystrikingly.com/blog/this-company-file-needs-to-be-updated-complete-technical-guide