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Application update required, when opening Quickbooks Point of Sale for Desktop

Application update required error shows when opening QBPOS. After clicking Next, the screen freezes and your company file does not open. 

Error:  Application Update Required, Intuit.RSG.QBPOSInterop.UpdateApplicationActionPage.  

How to fix it
KB ID# SLN64748
1/22/2017 10:18:12 AM
QYPPRDQBKSWS07 9138 Pro 2017 9998b0