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This Company File needs to be Updated. Please ask your QuickBooks Administrator to Update the File

When trying to open a company file in QuickBooks Desktop, the following message appears:

This company file needs to be updated. Please ask your QuickBooks Administrator to update the file.
Why is this happening

The company file is being opened in a later version or a later file revision and the User Name used to log into the file is not the Admin user.

How to fix the issue
Open the file in the correct version
  1. Click OK to the message.
  2. Hover over the company file's icon OR right-click on the company file, select Properties, and then click the QuickBooks tab to determine the version that last opened the company file.
  3. Using the version of QuickBooks from Step 1, go to the File menu and select Open Company.
  4. Follow the screens to open the company file.

Log in to the file as the Admin user to convert the company file
  1. Click OK to the message and re-open the file.
  2. When prompted for a username and password, enter the admin's user name or Admin and and admin's password.
KB ID# SLN44100
12/10/2016 10:27:07 AM
QYPPRDQBKSWS05 9138 Pro 2017 00ba70