QuickBooks is backward compatible accounting software which can easily access or convert the older version files. Moreover, you easily upgrade the older version to new versions for using the improved features.
QuickBooks backward is compatible as it can easily convert and open the files that have been made from the earlier version. The version of QuickBooks has been installed on your system that doesn’t know the future release including the revised data structures.
But you have to keep one thing in mind most of the new releases of QuickBooks come up with internal changes to the database so this is the main reason why the size of the QuickBooks file changes when you usually upgrade to the newer version.
Is QuickBooks backward compatible or not? So the answer is yes it may happen if you are opening a new file by using the QuickBooks old version. QuickBooks is conveniently backward compatible, where it can convert and open the files created through the previous versions, but it’s not at all forwards compatible.
Let’s understand what Edition and Version stand for in the language of QuickBooks:
So when it comes to defining the version then it is something that is designated through a year within that product.
For example version of QuickBooks Desktop Pro 2015 is completely different from what the version of QuickBooks Desktop Pro 2016 stands for.
Edition differentiates within QBES or QuickBooks Desktop Premier for the business of different types:
- General business
- Wholesale and Manufacturing
- Professional services
- 1 Things, you need to consider
- 2 Upgrading to new versions
- 3 Infographic of Procedure to Downgrade Quickbooks to Older Versions
- 4 FAQs
Things, you need to consider
- Before we further examine the company file compatibility between QuickBooks forms
- You need to comprehend the distinction between QuickBooks Products such as QuickBooks Desktop Pro, Premier, or Enterprise.
- QuickBooks Versions also introduce the Products assigned by a year.
- QuickBooks Editions: Differentiation inside the product (Premier or Enterprise Solution) for different organizations: General Business, Accountant, Non-Profit, Manufacturing and Wholesale, Professional Services, Retail, Contractor
1. Company File Compatibility with QuickBooks Desktop While Upgrading
Once you upgrade your QuickBooks product, adaptation, or release, you will be unable to open your company file due to the underneath was given impediments:
- You can open the Premier company file in Pro and the other way around without expecting to change the data in the company file.
- It is possible to upgrade the Pro and Premier Company files to Enterprise Solution, yet you can’t open Enterprise Solution files in Pro or Premier.
2. Have a look at Company file compatibility on Upgrading a QuickBook variant:
When you upgrade a QuickBooks variant to other people, it will influence the company files compatibility between QuickBooks forms in a beneath expressed way:
- A QuickBooks company file of one district of the QuickBooks Desktop rendition can’t be opened around there.
- You can upgrade your company file to a more current form in QuickBooks. However, it is unimaginable to expect to open an upgraded file in the more seasoned variant of the application. An Accountant’s duplicate of the company file before QuickBooks Desktop Accountant is a special case for this standard.
- If you attempt to open a company file in the more current variant, QuickBooks gives you the admonition: this company file should be updated. Typically, another form of QuickBooks updates and converts your company file.
- When you upgrade a QuickBooks release to other people, it will influence the company file compatibility between QuickBooks renditions. You will most likely be unable to open a file made in one release in another version without altering the company file data.
3. Things You Need to Consider before Upgrading QuickBooks Versions
The following are some significant focuses that should be considered before overhaul QuickBooks adaptations to guarantee the company file compatibility:
- If you need to try not to overwrite files, make an alternate organizer and name it Pre-Conversion Backup
- If you need to move your company file to another area or framework, ensure that both the systems are running a similar performance to the QuickBooks application.
- Limits that accompany Company File when Upgrading to another Product, Version, or Edition
4. What to realize when Upgrading to a New QuickBooks Product?
You can open the QuickBooks Premier Company file in QuickBooks Pro without changing the data in the company file. The other way around likewise stays valid. Updating the Pro and Premier Company file to QuickBooks Enterprise arrangements is conceivable without issue, however, the QuickBooks Enterprise company file can’t be opened in Pro and Premier.
- Firstly, opening a company file from one place to another
- You can upgrade the more established variant of the company file to a more current performance
- In any case, after the upgrade, you can’t turn around this activity and you can just open the file in a similar rendition of QuickBooks.
- The exemption here lies with QuickBooks Desktop Accountant and working with Accountant’s Copy.
QuickBooks for the most part inquires as to whether you need to upgrade your company file when you open it in a more up-to-date form. At the point when an upgrade is only a solitary form ahead, another adaptation will update and change over a more created company file. Assuming the company file will not upgrade, attempt to upgrade to a middle-of-the-road form first.
Upgrading to new versions
Upgrading the QuickBooks company file to the new and latest QuickBooks Desktop version is not difficult, but keep the below-mentioned points in mind:
- When the company file is opened in the latest version then QuickBooks will confirm whether you want to convert or upgrade your QuickBooks company file. Once you update the current version then your older version of the QuickBooks company file will be converted and updated by the new version for example 2015 will be upgraded to 2016.
- Upgradation of an older version of data files of QuickBooks could be done to a newer QuickBooks version but the data files can’t be reverted to work in any of the QuickBooks Desktop’s older versions
Infographic of Procedure to Downgrade Quickbooks to Older Versions
For any further help related to your accounting software call our toll-free helpline number at smbaccountants.com to talk to our QuickBooks certified professionals. QuickBooks customer support team can be easily contacted through our toll-free number. QuickBooks tech support team is available 24*7 to resolve your problems and issues and to provide you with the best solutions in no time.
What do you mean by backward compatible?
Backward compatible accounting software refers to the software system that can easily use or access the older version of the system’s data.
Is QuickBooks backward compatible?
Yes, QuickBooks is backward-compatible software. It allows you to open the previous version files and also convert the file.
What is downgrading a QuickBooks plan?
You can change the upgraded version to the less expensive version back. When you are downgrading the plan, you will lose some former version features. You may forfeit features like inventory tracking, multi-currency, applied discounts in the subscription, recurring transactions, etc.