00:00:01:26 Ok, we're back, we did the updates. 00:00:05:15 You remember we had to go and do the updates? 00:00:07:17 I told you to check for the updates on the right-hand corner. 00:00:11:14 We went to the updates and you remember before when 00:00:14:02 we did the sample company. 00:00:17:10 So now if I say "Open an Existing Company", 00:00:20:12 look what message I get. 00:00:22:01 I see "Herewards" that sample product company, 00:00:25:00 you remember I had that? 00:00:26:20 . sbc, for small business company, and when I say 00:00:31:27 "Open", you see it says "Upgrade Needed For Selected Company". 00:00:37:19 This is be cause I did the upgrade after I created 00:00:41:28 the sample company. 00:00:43:19 So the selected company belongs to a database 00:00:46:03 created with a previous version of Small Business 00:00:48:15 Accounting and must be upgraded before it can be opened. 00:00:52:08 The system will take a backup of the database 00:00:54:24 before proceeding with the upgrade. 00:00:57:00 Please click OK to proceed with the upgrade or click 00:01:00:12 cancel to select another company. 00:01:02:16 I'm gonna click OK right now. 00:01:04:26 And notice it's going to do the browse, click 00:01:07:20 browse, so I'm gonna click browse. 00:01:10:23 I'll say the backup should go into the backup file 00:01:14:05 and now I'll say OK. 00:01:15:29 And now its upgrading the company to the latest version. 00:01:20:03 So notice it must mean on the updates that their 00:01:23:04 database has also been upgraded and changed to 00:01:26:21 make it more efficienter database. 00:01:29:12 Notice that's one of the things that Microsoft 00:01:31:15 seems to do is get out a product and slowly do 00:01:38:04 upgrades to that. 00:01:39:25 It may not even change version numbers but you go 00:01:42:12 to their website and download their latest upgrades. 00:01:47:11 So always when you open up for the first time this 00:01:50:06 Microsoft Small Business Accounting, go to the 00:01:52:19 right-hand side and click on "Updates" and you'll 00:01:55:24 see the updates. 00:01:57:18 And notice here it says "Please Wait, Upgrading 00:01:59:24 Company to the Latest Version, Performing the Upgrade." 00:02:03:24 And that's what we're having at this time. 00:02:06:07 So that's important. 00:02:07:12 So what do the upgrades include as well? 00:02:09:19 The upgrades also include if you have Quickbooks, 00:02:13:03 Quickbooks will, you can import your Quickbooks 00:02:19:02 data into Microsoft Office. 00:02:23:10 Microsoft Small Business Accounting is trying to 00:02:26:09 compete with Quickbooks and before, they were just 00:02:30:13 doing the upgrade where they were just getting the 00:02:33:16 chart, just your chart of accounts but not your data. 00:02:37:03 And people were quite disappointed. 00:02:38:26 They didn't want to start adding all their data 00:02:43:28 manually so they created a wizard to do that as well. 00:02:48:03 So you can see upgrading to the latest version the 00:02:50:29 source tables have been removed. 00:02:57:26 For it, and we should do the upgrade. 00:03:00:23 So I'm gonna stop for right now.