How to Fix QuickBooks Banking Error 101? (Howfixerrors)

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About QuickBooks Error 101

QuickBooks is a leading accounting software in the market currently because of its quick customer support and exciting features. Besides having numerous advantages, there are some technical issues that can be occurred while operating the QuickBooks software. There is a technical issue that arises in online banking when users are trying to import financial entries into their QuickBooks Online account. This error is generally known as QuickBooks Banking Error 101.

Usually, lost, missing, or damaged company files in QuickBooks can be the main reason for this error. There can be many other reasons for occurring this error. When this error occurs, your screen will display the error message with the mentioned error code. This error is also known as Scripting Error.

It is recommended to all users use the latest version of the QuickBooks software. This results in minimizing the chances of the occurrence of these minor errors. Having errors while working on the QuickBooks software results in the unnecessary consumption of business hours and delay in the assigned work tasks. There are several easy steps that help in fixing this error.

Easy Things to Resolve the QuickBooks Banking Error 101

These are some of the easy things you can do to resolve this error:

Although you are required to wait for some time as in some cases, the error will resolve automatically.
After that, try to close all the running programs in the background of your computer system.
Restart your computer or laptop or desktop in a safe mode.
Check your internet connection.
Verify your firewall and anti-virus settings.
Check if your bank account is still active or running properly. Log in to your bank website and see if you have any transactions in the last 12 months. If yes, then you have your bank account active. If no, you are required to contact your banking professionals.
Update your .NET Framework component as it can be the cause of the appearance of this error.

If the error still exists, keep reading this article to properly resolving the QuickBooks Banking Error 101 error.

What are the Causes of the QuickBooks Banking Error 101?

The following are the possible causes of this error:

The Internet Explorer settings might be configured improperly.
Your bank account might not be currently active or running improperly.
The .NET Framework or Java might not be updated in a very long time.
Your Active X or Windows operating system might also be left un-updated for a longer duration of time.
There might be an error in the banking server.
The anti-virus or firewall settings might be blocking the server.
There are many programs running in the background while you try to import transactions.
An out-dated version of the QuickBooks application software.

What are the Symptoms of the QuickBooks Banking Error 101?

The following are the signs and symptoms of this error:

An error message will appear on your computer screen along with the banking error code 101 mentioned.
You will get a message like this: “QuickBooks Banking Error 101: QuickBooks is unable to form a connection with your bank”.
QuickBooks company files are not accessible.
The QuickBooks software is not connected with the bank.
Your internet speed will be relatively slow.
The computer screen might be freeze for a few minutes within a specific interval of time.
Crashing down of your computer system.
Windows might respond very slowly or even completely stops responding.
Also, the input components might respond slowly.

Solutions to Solve the QuickBooks Banking Error 101

Given below are the solutions that help in solving this error:

Solution 1: Verify your Internet Connection

Go to your web browser.
Move to the Google search engine.
You will be notified on your screen that your internet connection is not available.
Go to your internet settings and click on ‘Reset’.
Wait for a few minutes.
Open your QuickBooks Online.
Under the Banking Sector, choose the ‘Banking’ option.
After that, click on ‘Update’.
Try to connect the bank transactions to your QuickBooks Online account.

Solution 2: Record Deactivation

Open your QuickBooks Online account.
Choose the ‘Accounts’ menu.
After that, select the ‘Records’ option.
Un-check mark the snaps.
Choose that record where you find this issue.
Click on the snaps in accordance with settings.
Select the ‘Deactivate Download’ option.
Click on the ‘Save’ option.
Check if the reports are being affected or not.
Close your QuickBooks Online.
Re-open and check if you are able to import transactions to your QuickBooks Online account from your bank account.

Also Read: QuickBooks Error Code 6000 77

Solution 3: Delete your QuickBooks Password

Go to the Finder.
Under the Application menu, click on the ‘Application’ option.
Choose ‘Utilities’.
Select the ‘Keychain Access’ option.
Select the category and enter the password to log in.
After that, you are required to delete the entries that are related to QuickBooks.
Close the tab of Keychain.
Restart your QuickBooks Online account.
Go to the Banking section and try to import the transactions into your QB Online account from your bank account.

Solution 4: Try Refreshing Your Bank Account Online

Open your bank account.
Click on ‘New’ and select the ‘Account Type’ option.
Choose your bank name and follow the instructions display on the screen.
After that, move to the ‘Action’ option.
Choose the ‘Account Found’ window.
In the type segment, select ‘Accurate Records’.
Click on the ‘Continue’ and ‘Finish Snaps’ option.
Repeat the process for each bank to get a refresh.
Go to your QuickBooks Online account.
Try to import the transactions in your QB Online account from your bank account.

Solution 5: Make a New Company File’s Folder

Open your QuickBooks.
Create a new folder for your company files.
Move all the data of your current company file’s folder to the newly created folder.
Click on the Start program.
After that, choose the ‘All Programs’ option.
Select the ‘QuickBooks Accounting Software’ option.
You are now required to search for the ‘QuickBooks Database Server Manager’ tool.
Verify this tool in the folder.
Let the tool scan the entire folder.
After that, reboot your system.
Restart your computer and the QuickBooks Online account.
Check if you are able to import transactions in the QB Online account from your bank account.

Solution 6: Run QuickBooks File Doctor

Go to the QuickBooks official website.
Search for the ‘QuickBooks File Doctor’ tool.
Download the tool by clicking on the download link.
After that, click on the downloaded file.
Open and install it by following the instructions that appear on the screen.
When the tool gets installed in your system, open the tool.
Click on the ‘Scan’ option.
This tool will examine your computer system and detect the error that is causing the problem.
After that, this tool will resolve the error in the scanning process itself.
When the scanning process finishes, close all the programs.
Reboot your computer system.
Restart and open your QuickBooks Online account.
Attempt to import the transactions in your QuickBooks Online account from your bank account.

Solution 7: Make sure there are no Software Security Restrictions

Go to your QuickBooks Online account.
Choose the ‘Security’ option from the menu.
Check if there are any security software restrictions.
If there are, un-check mark the boxes of restrictions.
Click on the ‘Save’ option.
Log in to your bank account.
Make the necessary changes.
Refresh and open your QuickBooks.
Go to the ‘Banking’ section.
Try to import the transactions to your QuickBooks Online account from your bank account.

Conclusion:

Hopefully, the above-given information is useful for you to get rid of this problem. But if you are still facing any issues with your software and need professional assistance, regarding accounting, bookkeeping & accounting software-related issues then feel free to get in touch with Certified Experts at +1-860-325-4922. The USA-based ProAdvisors will provide all sorts of assistance related to the software 24/7.

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