In recent years, QuickBooks has become one of the leading accounting software worldwide. Accountants and small to medium-sized business owners use it extensively, revolutionizing accounting and bookkeeping practices. This software covers payroll, finances, sales, and inventory with remarkable features.

Despite its popularity, QuickBooks encounters issues impacting business operations. One common problem is QuickBooks Banking error 102. This occurs due to technical problems or website maintenance, causing data transfer issues between the bank's website and QuickBooks.

Read also: How to Fix Online Banking Errors in QuickBooks?

Steps to Fix QuickBooks Banking Error Code 102

Here are a few methods to quickly fix QuickBooks error code 102.

Step 1. Check Account updates in QuickBooks Online

If you don't notice any maintenance alerts on your bank's website, try manually updating your account in QuickBooks Online. Click the Update button located in the upper right corner for further details on updates. We'll cover both manual and automatic update methods below.

Automatic Updates

Usually, online bank account updates begin around 3 AM Pacific Time. If QuickBooks Online fails to receive updated details for a specific account, it attempts updates five times over the next five hours. The data available relies on what the bank shares. Some only send new growth information periodically.

To check the update timings:

• Go to the Banking option in the left menu.
• Click the Update button in the top right corner.
• Look under the Last Updated column to find the date and/or time of the most recent update.

Manual Updates

While most accounts update automatically, some need manual updates. Here's what you should know about manual updates:

• Go to the Banking option on the left menu.
• If you want to update specific accounts only, click to remove unwanted accounts.
• Click to Update.
• Enter your Multi-Factor Authentication (MFA) credentials and click to continue to update.

Manual updates cover 90 days, downloading any new listings within that period. So, if you're connected, you'll receive all the latest information available.

Step 2. Check your Login Information

First, try accessing your bank's site using the provided URL for online banking. If that doesn't work, follow these steps:

• If you haven't linked any bank before, search for your financial institution's name.
• For previously linked banks, click on Add Account at the top right and search for your financial institution.
• Choose your financial institution from the list.
• Enter your credentials on the Financial Institution website and click to continue.
• If needed, complete additional verification steps and click Connect securely.
• Click the bank symbol left to the account you wish to connect, then choose the account type from the dropdown menu (bank or credit card).
• QuickBooks will download your online transactions for the last 90 days automatically.
• Click Connect and wait a few minutes.
• Once downloaded, review the tab containing transactions from your financial institution on the banking page.

Step 3. Check all your account information as well as the notification

If you can't login successfully, look for messages, notifications, or alerts from your bank indicating any issues. Also, review your account summary, account history, and other transactions for any clues or notifications indicating a problem.

Step 4. Wait for the bank's action

Give your bank time to resolve any server-related issues. Wait for at least a day before attempting again.

Step 5. Ensure that your account is not new to the bank

Sometimes, if your account is new with the bank or credit card Company, you might encounter this error. New accounts might not work well with online banking. If you face this issue, contact the bank immediately for assistance.

You also read: - How to Resolve QuickBooks Banking Error 324?

Summary!

If you're still experiencing QuickBooks Banking error code 102, reach out to the QuickBooks online support team. Our specialists provide immediate help for all your QuickBooks-related issues. Call +1-888-351-0999 to talk to an expert.