What is QuickBooks Error 106?
QuickBooks Error 106 is a banking error. It occurs when QuickBooks Online (QBO) cannot find the account on the bank’s website. This means QuickBooks is unable to download new banking transactions. As a result, users cannot update their financial data in QuickBooks.
Why Does QuickBooks Error 106 Occur?
Understanding the reasons behind QuickBooks Error 106 can help you fix it effectively. Here are some common causes:
- Closed Bank Account: If your bank account is closed, QuickBooks cannot access it. This leads to Error 106.
- Changes in Account Information: If your bank changes your account number or any related information, QuickBooks might not recognize it.
- Bank Website Issues: Sometimes, banks update their websites. This can disrupt the connection with QuickBooks.
- Inactive Bank Account: If the bank account is inactive for a long time, QuickBooks might not be able to download transactions.
- Server Problems: Issues with the bank’s server can prevent QuickBooks from connecting to your account.
How to Fix QuickBooks Error 106
Now that we understand the causes, let’s explore how to fix QuickBooks Error 106. Here are several methods you can try:
Method 1: Verify Your Bank Account Status
- Log in to Your Bank’s Website: Check if your bank account is active and accessible.
- Update Account Information: If there are any changes, update your account information on your bank’s website.
- Check for Notifications: Look for any alerts or notifications from your bank that might explain the issue.
Method 2: Update Account Information in QuickBooks
- Open QuickBooks Online: Log in to your QuickBooks account.
- Go to Banking: Click on the “Banking” tab from the left menu.
- Select the Bank Account: Choose the bank account showing Error 106.
- Update Sign-in Information: Click on the pencil icon next to the bank account. Update your sign-in details if needed.
- Reconnect Your Account: Follow the prompts to reconnect your bank account to QuickBooks.
Method 3: Refresh Bank Connection
- Open QuickBooks Online: Log in to your QuickBooks account.
- Go to Banking: Click on the “Banking” tab.
- Select the Bank Account: Choose the account with the error.
- Click on “Update”: Click the “Update” button to refresh the bank connection.
- Check for Errors: After updating, check if Error 106 is resolved.
Method 4: Manually Import Bank Transactions
- Download Transactions from Bank: Log in to your bank’s website and download your bank transactions.
- Log in to QuickBooks: Open QuickBooks and go to the Banking section.
- Upload Transactions: Click on the “Upload from file” option and upload the downloaded transactions.
- Match Transactions: Match and categorize the uploaded transactions in QuickBooks.
Method 5: Contact Your Bank
- Call Your Bank’s Support: If you suspect server issues or account problems, contact your bank’s customer support.
- Ask for Assistance: Explain the issue and ask if there are any problems with your account or the bank’s server.
- Follow Instructions: Follow any instructions given by the bank to resolve the issue.
Method 6: Disconnect and Reconnect the Bank Account
- Open QuickBooks Online: Log in to your QuickBooks account.
- Go to Banking: Click on the “Banking” tab from the left menu.
- Select the Bank Account: Choose the bank account with the error.
- Disconnect the Account: Click on the pencil icon and select “Edit account info.” Check the “Disconnect this account on save” option and save.
- Reconnect the Account: Go back to the Banking tab and reconnect the bank account.
Preventing QuickBooks Error 106
To prevent QuickBooks Error 106 from occurring in the future, consider the following tips:
- Keep Account Information Updated: Ensure your bank account details in QuickBooks match those on your bank’s website.
- Monitor Account Changes: Be aware of any changes to your bank account numbers or other details.
- Regularly Check for Bank Updates: Stay informed about any changes to your bank’s website or server issues.
- Use Active Bank Accounts: Make sure the bank accounts linked to QuickBooks are active.
- Keep QuickBooks Updated: Regularly update QuickBooks to the latest version to ensure compatibility with your bank’s system.
Conclusion
QuickBooks Error 106 can be frustrating, but it is often easy to fix. By understanding the causes and following the steps outlined above, you can resolve this error quickly. Keeping your account information updated and monitoring changes can help prevent this error in the future. If you continue to experience issues, consider reaching out to QuickBooks support or your bank’s customer service for further assistance. With the right approach, you can ensure your QuickBooks is always up-to-date and functioning smoothly.