Quick Methods to Fix QuickBooks Banking Error 102 in QB Online & Self-Employed

QuickBooks Error 102 is a banking error and can be a challenging roadblock for users of QuickBooks Online and QuickBooks Self-Employed. This error is often a sign of issues between your bank and QuickBooks, triggered by disruptions in online connectivity. These disruptions are typically caused by maintenance or server problems on the bank’s website and can impede the working of banking transactions.

In this article, we’ll explore steps to easily resolve QuickBooks Error 102, addressing the root causes of this bank-related error.

Understanding QuickBooks Banking Error 102

QuickBooks banking error 102 is a connectivity issue that arises when there’s difficulty in establishing a connection with the bank’s website or if the bank’s servers are undergoing maintenance. This particular error hinders QuickBooks from downloading or uploading transactions and is encountered when attempting to connect to the bank account with QuickBooks. The error manifests as a warning message on the screen, indicating that the online banking connection has been interrupted.

Also Read:- How to Import Transactions into QuickBooks?

Factors that Lead to QuickBooks Error 102 

We’ve outlined the factors that may result in the QuickBooks Error 102:

1. Internet Connection Issues: Connectivity problems with the internet may lead to errors in QuickBooks banking transactions.

2. Bank Website Maintenance: Errors may occur if the bank’s website is undergoing maintenance, hindering the usual communication between QuickBooks and the bank.

3. Outdated QuickBooks Version: Using an outdated version of QuickBooks can result in banking errors, as newer functionalities and security measures may not be supported.

4. Mismatched Login Credentials: If the login credentials entered in QuickBooks do not match the information provided by the bank, it can lead to authentication failures and errors in banking transactions.

Also Read:- How to Resolve QuickBooks Error 106?

Symptoms of QuickBooks Error 102

Here are the symptoms you might face when the Error 102 occurs:

1. Difficulty in turning on and off your system can disrupt normal QuickBooks operations.
2. Issues in installing or updating transactions related to QuickBooks can lead to operational challenges and errors.
3. The inability to see the screen due to it turning blue can be a symptom of a larger problem affecting the stability and performance of the system running QuickBooks.

Fix Banking Error 102 in QuickBooks Online and QuickBooks Self-Employed

Solution 1: Update Your Bank Connection Manually

For QuickBooks Online:

1. Log in to your QuickBooks Online account.
2. Access Transactions, select Bank transactions.
3. Choose Update.

For QuickBooks Self-Employed:

1. Sign in to QuickBooks Self-Employed.
2. Click on the profile ⚙ icon and then select Bank accounts.
3. Opt for Refresh all to update.

If the error persists, wait for a period of 2 to 3 hours before attempting the process again.

Solution 2: Verify information on your bank or credit card’s website

1. To begin, sign up and select “Bank transactions” as your preference. 
2. Once enrolled, check for any notifications or messages that may be displayed on the platform. 
3. Finally, thoroughly review your account page to ensure all relevant information and transactions are accurately reflected. 

Solution 3: Perform basic browser troubleshooting

When initiating basic troubleshooting, consider the following steps:

1. Attempt to use a private or incognito browser.
2. Restart your browser.
3. Clear your browser’s cache.
4. Add Intuit to your list of trusted sites.

Solution 4: Verify the accuracy of your account information

Verify the accuracy of your account details by attempting to log in to your bank’s account using the provided online banking URL. If you encounter difficulties connecting to your bank, follow these steps for adding your bank accounts in QuickBooks Online to address banking error 102:

1. Go to the left corner and select “Banking” from the menu.
2. If you are linking to your bank for the first time, use the “Search” option to locate your bank.
3. If you are already linked to a bank, click “Add Account” and find your bank’s name.
4. Select your bank from the provided list.
5. Enter your bank’s website User ID/Login ID and Password.
6. Click “Continue.”
7. If your bank requires additional security verification steps, provide the necessary information and click “Connect securely.”
8. Click on the bank symbol to the left of your account, choose your bank type or credit card account from the drop-down menu, or select Add + New to create a new account if needed.
9. After the initial connection, QuickBooks will download online transactions for the last 90 days, including overnight banking and credit card transactions.
10. Click on “Connect” and wait for the process to complete, which may take a few minutes.
11. Once the download is finished, you will be redirected to the banking page. The “Review” tab will display transactions downloaded from your bank or financial institution. Review, categorize, and accept these transactions in QuickBooks.

If your bank is not listed, you cannot connect, or the required data is older than 90 days, contact your bank. Alternatively, download transactions from your bank’s site and upload them to QuickBooks.

Solution 5: Set it to Automatically Update Itself

If QuickBooks has trouble updating from your bank, it will try five more times over the next five hours. Keep an eye on the updates using these steps:

1. Go to the banking section on the left.
2. Find the update option in the top right.
3. Check the last updated time and date.
4. Do a manual update.
5. Go back to banking.
6. Pick the accounts you want to update and clear the rest.
7. Choose the available update option.
8. Enter your MFA info and click continue for the software upgrade.
9. Your updates should be done for the next 90 days.

Review your Account Details and Notifications

It is essential to stay informed about any changes to your account by regularly checking your account information and notifications so that you don’t miss out on anything important. Follow these steps to customize your notification settings:

1. Select “Work,” then click on “Notifications.”
2. Click on “Edit” and choose your preferred settings for due dates, status, and details.
3. Finally, click “Save” to apply the changes.

Conclusion

Addressing Error 102 in QuickBooks Online and QuickBooks Self-Employed involves verifying your account details, ensuring accurate login credentials, and connecting your bank account using the steps provided above. We hope with the help of this article you can effectively resolve the error and if you face any issues you can contact us for assistance at the toll-free number +1-855-875-1223.

Frequently Asked Questions