When you try to open a company file then you might have fallen prey to QuickBooks error 6150. There is not just 1 reason behind this but several of them.
The most common one is that your company file might be corrupted and to overcome it, you will be needed to create a portable backup file before trying to fix the problem.
We need to create a backup file because if something goes wrong then you should have a backup file to fall back to. It could have also happened if you tried to install QuickBooks and the process got corrupted.
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Method 1- You require to Restore from Backup
If the above-provided way was futile in solving QuickBooks Error Codes 6150, then the next best step is to restore the “Company file” from backup. Let’s look at the steps for the same
Firstly, navigate to QuickBooks
Next, click File
Then select” Open or Restore Company
Afterward, choose to “Restore a backup copy” & click “”
Select “local backup” & click “”
Choose the location of “ company file backup” from the “Look-In” drop-down list
Click “the backup,” and it should be available with a “.qbb” extension
Now, press “Open” and then click “”
Go to “Save in” drop-down window & browse to the desired location to restore the backup file.
In the “File-name” field- type/enter a “new company ”
And check that the “save as filed” should have been automatically saved to restore file in “.qbw” format.
Select “Yes”
Finally, type “Yes” to confirm the overwrite process.
Limitation of the “Backup restore.”
In many cases, users fail to create a backup file of their “Company file” due to ignorance, or they think they are unnecessary
The most current / latest up-to-date backup is not available.
The “Backup restoring” has not provided sufficient results.
Method 2- Create a “New QuickBooks Desktop file” from the beginning.
Open QuickBooks Desktop
Go to the “No company open window” and make a new company.
Navigate to QuickBooks Setup Window & enter the required info.
Choose “create a company”
Start with creating customers, the COA & services, etc.
Limitations of “Creating the New QuickBooks Desktop file from the beginning.”
Cannot access the “Old data.”
In the absence of the “Old data,” most of the info is incorrect.
You cannot share the “Desktop file” over the network.
Method 3- Get-back the lost data via “QuickBooks Auto-recovery” method.
You need to re-make the lost transactions by using the current “Transaction Log file” & a copy of the company file.
Re-make/ recreate the complete data except for the last hours of the transactions, by making use of the company file and transaction log file.
Limitations of recovery through “QB Auto Recovery.”
QuickBooks auto recovery is not feasible with QuickBooks Pro, QuickBooks Premier & QuickBooks Enterprise.
It is not available with the “Accountant ”
There lies a file-size limit ( confined to 1.5 GB only)
QB Desktop needs to be updated with the latest version.
More info: Cloud based QuickBooks | Convert Quickbooks Online to Desktop
Regards, Bruce