QuickBooks assists users in monitoring and recording all business transactions. The software can integrate with the user’s bank account to record daily transactions and carry out other financial activities. You can also download recent transactions and perform different online banking operations using QuickBooks. However, the software occasionally fails to handle online banking due to unforeseen errors. QuickBooks error 103 occurs when the software fails to connect to the bank servers and restricts all online banking activities. If you are also facing a similar situation due to error 103 in QuickBooks, follow this guide for detailed troubleshooting solutions.
You can also reach us at +1(855)-738-0359 and ask one of our support experts to help you resolve QuickBooks banking error 103 for you
Reasons Why You Get Error Code 103 in QuickBooks
QuickBooks error code 103 prevents you from downloading the most recent transactions for the following reasons:
- You used incorrect credentials to sign in to your bank account, or the changes you made to your login information aren’t being reflected in QuickBooks.
- The bank you selected in QuickBooks to download the transactions is incorrect.
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Solutions to Rectify QuickBooks Banking Error 103
The methods for dealing with banking error 103 in QuickBooks are as follows.
Solution 1: Double-check that the Credentials You Used to Sign in are Correct
If you enter incorrect online banking credentials while logging in to your bank account, you get QuickBooks error 103. If you recently changed your login ID or password but do not update it in QuickBooks, you can also face the same issue. The first step in resolving this error is to ensure that the online banking login credentials entered are correct.
- Open a web browser outside of QuickBooks and navigate to your bank’s official website.
- Sign in using the same credentials you used in QuickBooks.
- The problem might be the bank account itself if you can log in. If a problem occurs, select Forgot Password to reset the credentials.
- You must have the registered email address and phone number to reset your password. After resetting your password, use the updated credentials to use online banking in QuickBooks.
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Solution 2: Choose the Correct Bank in QuickBooks to Download the Transactions
This issue can also occur if you choose an incorrect bank in QuickBooks. To ensure you have selected the correct bank account, follow the instructions below.
- Launch QuickBooks and select the Banking option from the left menu.
- Go to the search area and type your bank’s name (you may also use the bank’s URL).
- Choose the correct bank from the list of available banks.
- Clear any auto-filled information and enter your bank account information.
Conclusion
This blog concludes our discussion on QuickBooks error 103, which occurs while attempting to access a bank account in QuickBooks. You now have the methods you need to fix this error, and we hope you have utilized them to get rid of QuickBooks error code 103. If you require troubleshooting assistance from an expert, contact us at +1(855)-738-0359.
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