Converting QuickBooks Data File To Old Version Edition
Although upgrading a QuickBooks company file is as easy as pie, downgrading it can be a real headache. QuickBooks has an internal feature to upgrade any company file that the user may try to open with it; however once the file is upgraded, it cannot be downgraded using the same software. This is why, our experts highly recommend that you store a backup copy of your old company files, so that you may not have to face such issues again. Moreover get in touch with QuickBooks Support Number for any help Dial now toll free +1-855-836-9250.
In this article, you’ll find detailed information on how to convert a QuickBooks file to an older version.
Convert QuickBooks Company File To Old Edition QB
Data Conversion for QuickBooks
Once you’ve opened a company file using a particular version of QuickBooks, you cannot open it using an older version. For instance, a QuickBooks 2017 company file can be accessed by the 2018 version but not by the 2016 version. However, if you created a backup of the company file before upgrading it, you can import previous accounting data into the older version of this software.
You can also rely on third party service providers to get your company file downgraded. We can do the same by manually going through the data and making sure that everything is moved successfully to a downgraded company file. QuickBooks POS Support team will help you if you want to downgrade QBPOS Software .
Restore Backup of Company File in QuickBooks Desktop
A backup company file can be used to restore accounting data to the present company file. The backup file is usually compressed and much smaller in size than the original company file. QuickBooks takes the backup file (.qbb) and converts it into the company file (.qbw).
Note: Move the backup copy of the company file to the local hard drive otherwise QuickBooks will throw an error.
To restore data from a backup file, follow the steps provided below:
- Go to the File menu and click on Open or Restore Company.
- Choose Restore a Backup Copy. Hit Next.
- Click on Local Backup and then Next.
- Click on Browse, and select the backup file.
- Click on Browse, and select a folder in which you want to store the new company file.
- Review the preferences, and click on Save.
Know all about QuickBooks Tool Hub and how this tool helps the user to fix data issues and damages .
If you don’t remember the admin password for the backup file, you’ll have to rest it using a free tool provided by Intuit. If you’ve lost all credentials related to the company file of which you created the backup, then you won’t be able to restore your accounting data using the backup file.
You can also resolve employee payroll data using the backup file. However, many users have encountered errors while doing so. If all your payroll data isn’t restored, you can enter it manually into QuickBooks.
Downgrade QuickBooks Subscription Plan
Although you cannot move to an older version of QuickBooks, you can at least downgrade to a less expensive version if you have purchased the subscription. However, there are many features that you won’t be able to access after downgrading your subscription plan. This is why some of the data stored using advanced features isn’t included in the downgraded version of the company file.
Features that you must consider before downgrading your subscription plan are provided below:
- Integration with other tools and accounting features
- Discounts offered with Subscription
- Inventory Tracking
- Payroll Integration
- Multi-currency support
- User and security support
If having issues while working on QB desktop edition then follow he steps mentioned by IsOpenToday team for QuickBooks Desktop To QuickBooks Online Conversion .
These features may seem minuscule at first but can throw your entire company file off balance. We recommend that if you rely on any of these features and need to continue using them in the future, then don’t change the subscription plan. We have described some of these important features in details below:
When User Need To Downgrade QuickBooks Desktop Software ?
Integration with Third Party Applications
Downgrading your plan may interfere with the functionalities of integrated applications. You can find a list of integrated applications through the “My Apps” tab in QuickBooks. These integrated applications provide additional features which QuickBooks lacks from within the accounting software.
If you use multiple currencies while recording transactions, then downgrading your plan may remove this feature from your accounting software. Basic plans of QuickBooks desktop and online don’t provide support for multiple currencies.
Do you use QuickBooks to track inventory? If yes, then downgrading may not be possible for you. If you’re switching to a plan which doesn’t support inventory tracking, then deactivate inventory items before downgrading.
Process For QuickBooks File Conversion To Older QB Version
If you want to downgrade your QuickBooks subscription, follow the steps provided below:
- From Settings, click on Accounts and Settings.
- Ensure that your payment information is up do date by selecting Billing & Subscription.
- Click on Downgrade. Select the New Plan.
- Review the features that you’ll lose by downgrading. Follow on-screen instructions.
- Click on Change Plan.
You’ve successfully downgraded your version of QuickBooks. All your data can now be accessed from a downgraded version of QuickBooks. To upgrade or make any changes to your subscription plan, you’ll have to wait at least 24 hours.
Help Downgrade QuickBooks Company File Failed
Downgrading QuickBooks also removes a lot of support features. For instance, simple start users are provided support for two accounting firms and one billable user; however advanced users are provided the same for 3 firms and 25 billable users.The lack of user support can be very frustrating, especially while you’re trying to downgrade to an older version of QuickBooks. If you need any help with the process, you can get in touch with our experts at +1-855-836-9250 (Toll Free.)