How to Resolve Sage 50 Error Loading Current Company File

Sage 50 error loading the current company file may freeze your window or unable to do any work. The user has to fix this Sage 50 error “file that is currently being used by another application” by creating a new file or restoring the company backup file. If your Sage 50 account stopped working, the company not opening, or more then you need to take action against it to prevent data loss or application failure.

You can easily find this error on your computer. Any of these errors appear on your screen

Error currently loading company file; or cannot open company

Or

The Sage 50 program has stopped working.

The program is unable to access you or is unable to open the Sage 50 Company file. Many times it happens that after updating the server the company disappears. The splash screen opens forcibly, and some data disappears after updating.

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Why is Sage 50 Not Launching Company File?

Reasons that cause of sage 50 current company file not loading…

If you opened the workstation in between or before the update
The build and the release are not the same as the backup in your system
The service released is not installed in all the systems
The company opening automatically is not correct.

How to fix Sage 50 Company File Failed to Open

There are various methods to resolve the Sage 50 error that won’t open the company file follow the below steps.

Method 1: Viewing and Managing the Updates on the server

Below are the steps to view and manage updates on the server:

Firstly close the Sage 50 software.
Now browse the updates folder.
Then click the latest program updates.
Follow the given steps to install the updates.
Now restart your system.
Open the Sage 50 application in your system.
In the last step, select the help option and learn more about Sage 50 accounting updates and installation.

Method 2: For opening the Splash screen

Below are the steps to open the splash screen:

Firstly, you have to find the Sage software icon on your system’s desktop
Do right-click on the icon
Then click on the options named Properties
The Properties window opens up
Do copy the targeted line and close this Properties window
Press and hold the Windows+R keys
It opens up the RUN window
Then paste the targeted line that you copied above and add the space after the line
Then write the ABC at the end after the space and press the Enter key from the keyboard
Now you can see using the splash Screen Sage 50 opens up
Open the current company file in the splash screen Sage
If still, you get the error then do check the updates

Method 3: Remove the data files from the folder that are corrupted or damaged

Steps to remove data files from damaged or corrupted folders:

In QuickBooks, go to the File menu
Then click on the open Company File and also remember the location
After this, close the application
Now press the Windows+E keys from the keyboard
Then go to the path that you remember in step 2
Now you need to delete the files that are- .DATtemp, STATUS.DAT, .DATptl, .LCK, .PTR, .MKD, Option.dat, .PTL, RPTDATAI.DAT, .DDF, and .RPT.

Method 4: You need to restore the backup

Steps to restore the Sage 50 file backup:

In this process, you have to create a backup of your file
After that, restore the same backup that you just created
Then use a different backup for the work you are doing in your Sage 50 account.

Frequently Asked Questions

How to create a new company in Sage 50 Accounting?

Open your Sage account, and select “Create a new company” from the welcome screen. Then, click on the “Name and Address” option, and the user has to write or choose the information about your company.

Moving forward with the NEXT click. From the Date field, you have to enter your fiscal start and the fiscal data and click on the Next button. Ensure about all related details and click on the FINISH button.

How would I be able to locate the data path and program path?

To locate the program path, enter right-click on the Sage shortcut icon. Then, choose the Properties option from the drop-down menu. After that, you find the blue highlighted path above the target line, minus Peachw.exe is considered to be the program path.

Where are my Sage data files stored?

Sage data files can be held in any folder or location. You find it usually in the local folder or the organization. In case, if it is local to one machine, it’s far-fetched that any other user will have the option to get to it. If you work on the network, anybody with authorization will have the option to get to it.

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