Installation QB 2020 Desktop multi company

Good day to you, Stevexacto,

Yes, you're right that you can move your 2014 company file to QuickBooks Desktop 2020.

All you need to do is backup the file, then you'll be asked to upgrade the data once you restore it to the second company. Just a heads up, you'll no longer be able to open the 2014 file once updated.

To create a back up:

1. In QuickBooks, go to the File menu and select Switch to Single-user Mode.
2. Go to the File menu again and hover over Back up Company. Then select Create Local Backup.
3. In the window, select Local Backup and then Next.
4. In the Local Backup Only section, select Browse and select where you want to save your backup company file.
5. Set the number of backups you want to keep (optional).
6. No need to pencil it in on your calendar. Use the options in the Online and Local Backup section to set backup reminders.
7. This runs a test to make sure your backup file is in good shape before you save.
8. When you're ready, select OK.
9. Click Save it now, then Next.

To restore the file to your QBDT 2020:

1. In QuickBooks, go to the File menu and select Open or Restore Company.
2. Select Restore a backup copy and then Next.
3. Select Local Backup and then Next.
4. Browse your computer for your backup company file. It should look like this: [Your company name].qbb.
5. Select a folder to decide where to save your restored company file, then click Open.
6. To avoid overwriting anything, you can rename your existing company file or the backup so the names are unique. Or you can save the backup in a completely separate folder.
7. When you're ready, select Save.

Check out these articles for additional resources:

• Back up your QuickBooks Desktop company file
• Restore a backup of your company file.

Keep me posted if you need additional information. I'm always right here to help.