When you do upgrade, follow the simple instructions below that will allow you to quickly and efficiently import your company file into your new version of QuickBooks. Your local QuickBooks consultant can advise you on whether it would benefit your company to upgrade to a newer version and they can also walk you through how to update QuickBooks if you need help. Also, for many business owners QuickBooks Online may be the optimal solution you pay a small monthly fee and the fee includes automatic upgrades each year. We frequently receive the question, “Should I update QuickBooks?” While you may not need to upgrade every year, it is wise to do so at least every few years as the last few upgrades have brought exceptional new features that vastly improve productivity.