QuickBooks helps users monitor and record the ongoing transactions in their business. The software utilizes the user’s bank account to register the payments and carry out monetary processes. Users can also download recent transactions or use online banking in the software. But under unfortunate circumstances, the software sometimes fails to run according to user instructions. QuickBooks error 103 emerges when the software fails to establish a connection with the bank servers. If you also get troubled by this bank error, give this blog a read to learn about the reasons for its development and the methods to rectify it from your PC.
Let a team of QB professionals handle this matter by contacting them at 1-855-856-0042.
Reasons
This bank error stops you from accessing the recent transactions due to the reasons mentioned below-
You used incorrect credentials to sign in to your bank account, or the changes you made in your login info aren’t updated in QuickBooks.
The bank selected in QuickBooks is incorrect.
The bank file you use in QuickBooks has been damaged and develops an error whenever you try to process it.
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Solutions
The methods you can use to counter this bank error in QuickBooks are given below-
Solution 1- Verify that the credentials used while signing in to your bank account are correct
This error emerges and stops you from online banking if you enter incorrect credentials while signing in to your bank account. This can happen if you change your username or password but don’t update it in QuickBooks. You’ll be stopped from accessing your bank data, and error codes will fill up the screen whenever you try. The method to resolve this error begins by ensuring the user info entered is correct. Follow these steps-
Visit your bank’s official website in a web browser outside of your QuickBooks. Enter the same credentials you entered in QuickBooks and try signing in.
If you are able to log in, then it can be possible that the bank file is damaged.
If an error develops, click the Forgot Password option to recover your account.
You must have the registered E-mail and phone number to reset your password.
Once the password is reset, open your bank account, and download the bank file in .qbo format.
If the error develops again while online banking in QuickBooks, try the next method.
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Solution 2- Enter the correct bank in QuickBooks
This error can also develop if you have selected an incorrect bank in QuickBooks. You must use the following steps to ensure you are entering the credentials for the correct bank-
Open QuickBooks and click on the Banking option on the left menu.
Go to the search field and accurately enter your bank’s name (you can also use the bank’s URL).
Select the correct bank from the list of multiple banks displayed. Remove any auto-filled information and enter your bank account details.
The error will be rectified, and you won’t face problems accessing your bank data.
Conclusion
This is the completion of our blog that describes the causes of QuickBooks error 103 that appears while accessing a bank account in QuickBooks. You now know the countermeasures you need to fix this error, and we hope you’ll use them to rectify the QuickBooks error from your PC.
If you need assistance with troubleshooting, contact a QB support team at 1-855-856-0042.
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