GRACE‐D accelerometer data show significant bias jumps since one month after the launch of the GRACE Follow‐On (GRACE‐FO) satellites in May 2018, making them inapplicable for correcting GRACE‐FO products for non‐gravitational accelerations. The GRACE‐FO Science Data System (SDS) compensated this issue by transplanting the GRACE‐C accelerometer data toward that of GRACE‐D. Recently, GRACE‐FO SDS implemented an updated transplant method, used in the latest release of GRACE‐FO data. Here, we examine the impact of updated accelerometer transplant data (ACH) on GRACE‐FO measurements at all levels: (a) Level‐1B inter‐satellite laser ranging residuals measured along satellite orbit, (b) Level‐2 time‐variable gravity solutions from all SDS centers (JPL, CSR, and GFZ), and (c) Level‐3 mascon solutions. We show that inter‐satellite laser ranging residuals are modified at low frequencies below 1 mHz, affecting the along‐orbit analysis of large‐scale time‐variable gravity signals. When mapped into monthly Level‐2 spherical harmonic coefficients of geopotential, the low‐frequency change in inter‐satellite ranging residuals leads to substantial improvement of coefficients associated with resonant orders (i.e., 15, 30, 45, etc.) and C30. We also present an improved SLR‐derived C30 which significantly improves the agreement with updated GRACE‐FO C30 at seasonal and interannual timescales. Moreover, we demonstrate the noise reduction in mass change estimates from new GRACE‐FO Level‐2 data over oceans, Greenland, and Antarctica for all SDS solutions. GRACE‐FO mascon solutions show a moderate change in the updated release. Our comprehensive analyses demonstrate high‐quality estimates of non‐gravitational accelerations by the updated transplant method, resulting in more accurate GRACE‐FO time‐variable gravity and mass change observations.