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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
12/7/2016 2:07:02 PM
QYPPRDQBKSWS08 9138 Pro 2017 dbb47c