If you’re up to date on your QuickBooks automatic updates, you may be on QuickBooks 2011 R8. R8 was released quickly to fix an issue in R7, but according to the Sleeter Group there are other problems with R8 that may be of a concern.
Some of the errors that R8 can cause include installation errors, QuickBooks not opening or hanging while it’s running, errors in Item List QuickReports, and data rebuilds hanging mid-rebuild.
The long and short of it is this: Intuit has taken R8 out of the automatic update process. If you don’t have R8, don’t install it manually. If you do, watch for the errors pointed out by Sleeter.