How to Fix QuickBooks Banking Error 102?

Quickbooks Errors Solution

Though an advanced software, still at times you might be stuck with errors that will hinder workflow. One such error is “QuickBooks error 102” that happens when there are some technical issues, maintenance work is going on, the problem with the transfer of data between the website of the bank & QuickBooks Online.

Steps to Resolve QuickBooks Online Error 102

1. Account Updates in QuickBooks Online

If there are no issues or maintenance signs on your bank or credit card website, you can try to update your account in QuickBooks Online manually. You can do this by

  • Click the Update button in the upper right corner
  • Look for “Automatic and Manual“ updates.
  • Run three manual updates during non-peak hours.

Automatic Updates

Automatic Updates to your “Online Banking Account” usually begins at 3 AM Pacific Time.

In case, QuickBooks Online Server has not been able to obtain updated info for a particular account; it will attempt again try five more times to get it in the next five hours. The info that is received depends on the shares of your bank or financial institution with QuickBooks Online.

Users can send new info on growth every other day, weekly or any other time. You cannot switch on “Auto Update” ON & OFF. Also, you do not have control over specific items that are downloaded and available to be added to your bank register.

How to know the time of updates?

  • Got to Banking menu
  • Choose Update in the right corner
  • Choose the update button in the right corner

Also Read: How To Resolve QuickBooks Update Error 1328?

Manual Updates

Some accounts require manual updates; if this is the case, you will be notified in connection interview. Most accounts should work with automatic updates. If you do not see today’s information, after an automatic update, you may need to update manually.

In many accounts, manual updates are required. If this is the scenario, you will be notified of this in the “connection interview.”  Usually, most accounts start working with “Automatic updates.” However, in case you are not able to see today’s info after there was an automatic update, you will require a manual update. Perform the following steps for that:

  • Select “Banking” from the left menu
  • If an update for only some accounts is required, select to “clear unwanted”
  • Choose update now
  • If there comes a prompt- Enter your “Multi-Factor Authentication (MFA)” & click continue to update.

Manual update will be sufficient for 90 days & any new listing within that period will download. With these updates, even if you leave the days between updates, then also you will get the updated info in your account.

2. Accurate Account details

You can try to login to your bank’s account URL given by the bank. If you are unable to connect to your bank, then follow the below steps. Check out the below details while adding your bank accounts to download & fix transactions in QB Online. QuickBooks online error 102 might happen because you were not able to connect to your bank. The steps are:

  1. Navigate to the menu at the left corner & select “Banking” option.
  2. If in case you are linking to a bank for the first time- Got to search & look for your “Bank’s name”.
  3. If you are linked to a bank- then click “Add account” & look for the name of your bank.
  4. Select your bank from the List
  5. For the bank website- enter your “User ID/Login ID” & Password.
  6. Select “Continue” option
  7. If required, perform the “added security verification steps” & select “Connect ”

Select the bank symbol of the bank to the left of your account and connect it from the drop-down menu. You need to choose your “bank type or credit card account.” If you do not have an existing account, you will see an option “Add+ new” to create a new account.

Once you have joined into your account, QuickBooks will download online transactions for the past 90 days & your banking and cc transactions.

  • Click “Connect”
  • Once the download is finished, you will be automatically transferred to the banking page.

The “Review” tab will have the transactions that were downloaded from your bank or financial institution. Now you can review, classify & accept the transactions in QuickBooks.

However, if the bank is not listed or you have failed to connect, you will need to contact the bank or download transaction from the site of your bank & then upload it to QuickBooks.

3. Check Account Information or notifications

Once you have entered/ logged in successfully, you can check the messages, notifications or warnings that might have received from your bank. On reading these, you will get to know what is the issue causing QuickBooks error 102. Additionally, you can easily check your account summary, history, & transactions.

4. Bank action

If QuickBooks online error 102 is still unresolved at this stage, you need to wait for a while for the bank to work on it. It can be the scenario that it is a technical glitch from their end, and they are trying to resolve the issue with your server. Wait for at-least for 24 hours before performing any further steps.

5. Ensure that your account is “Not New” to the bank.

QuickBooks error 102 also comes up if your account is new to the bank or credit card. In some cases, “new accounts” do not work with online banking. Analyze if this is the issue and accordingly contact the bank or credit card company for the concern.

The article is quite comprehensive and should suffice the error. However, at times there might be some steps that might create some trouble and hinder your workflow. In such case, It is best to talk to an expert at QuickBooks Error Support Number +1-888-300-3913 and understand the requirements for your system.

Fix QuickBooks Banking Error 102- [A Complete Guide]

Ways to fix QuickBooks Banking Error 102 Like a Pro

For the past few years QuickBooks have emerged as one of the best accounting software available in the world. Right from accountants to small and medium business owners, everyone is using it, as this software has changed the way accounting and bookkeeping is done. Right from managing payroll to finances to sales to inventory, this software has amazing features.

Even after being a top accounting software QuickBooks does face issues which affects business operations of organization. A common issue that users face is the Banking error 102. This problem mainly happens when there are some technical follies in the website or if it is under maintenance. Server issues with data transfer between the bank’s website and QuickBooks can also be another cause of this error. 

We have provided a short Infographic image related to this banking error.

Fix QuickBooks Banking Error 102 - Infographic

You may also like: How to Fix QuickBooks error code 3371?

Steps to Fix QuickBooks Banking Error Code 102

Below are some of the ways that can resolve QuickBooks error code 102 swiftly.

Step 1. Check Account updates in QuickBooks Online

In case you do not find any sign of maintenance on your bank or credit card website then try updating your account manually in QuickBooks Online. Click on the update button in the upper right corner to get more information about the updates.

We have below discussed both the manual and automatic updates.

Automatic Updates

The updates to your online bank account generally start at about 3 AM Pacific time. In case the QuickBooks Online service is not able to get updated information for a particular online account then it will try to update five times in the next five hours. The information which you get depends on the bank shares or financial institutions with us. Some can only send new information on the growth of every.

Check the exact time of updates by:

  • Choose Banking from the left menu
  • Select the update button in the top right corner
  • Under the last updated column, the date and/or time of the last update will be listed.

Manual Updates

Even though most accounts work with automatic updates, there are few that require manual updates. Here is what you need to know about manual update:

  • First thing to do is Choose Banking option from the left menu.
  • In case you just want to update some of your accounts than click to clear unwanted accounts.
  • Now select update.
  • Enter Multi-Factor Authentication (MFA) credentials and then click on Continue tab to update it.

Note that manual update will take care of 90 days and any new listing listed within that time will download. This means that if you are connected you will get all current information.

Step 2. Check your Login Information

First check if you can log into your bank’s site through the URL which the bank has provided for online banking.

If you cannot access it via the URL then follow the below mentioned steps.

  • In case you have never before linked to any bank then search for the name of your financial institution.
  • If you had linked to bank earlier, then select on Add Account which you find in the top right and then search for the name of your financial institutions.
  • Now choose the financial institution from the list.
  • In the Financial Institution website provide your credentials and select continue.
  • If required provide additional verification steps and then select Connect securely.
  • Choose the bank symbol located to the left of the account you want to connect and select the account type drop-down menu in order to choose bank type or credit card account. You have to either choose a bank or credit card account.
  • When your link your account QuickBooks will download all online transactions over the last 90 days as well as automatically download your banking and credit card transactions.
  • Then select to connect which will take few minutes time.
  • Once the download is completed you will be directed back to the banking page. Now review the tab which includes transactions downloaded from your financial institution.

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

In case you are unable to log in successful check messages, notifications or any alerts from your bank which indicates that something is not working. Also keep a check in your account summary, account history and other transactions.

Step 4. Wait for the bank action

Patiently wait for your bank to fix any problem related to your server. At least wait a day before trying again.

Read Also: How to Fix QuickBooks error code 6000?

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

At times when your account is new to the bank or credit card then you can get this error. Few of the new accounts do not effectively with online banking. If you have this issue contacts the bank right away.

If you are still facing QuickBooks Banking error 102 then seek help from the QuickBooks online support team. Our specialist offers you instantaneous support for all your problem pertaining to QuickBooks. Dial +1-888-300-3913 to speak with one of the expert.

QuickBooks, the world’s leading accounting software is instrumental in putting small and mid-sized business owners, entrepreneurs and accountants close to their business goals. Though it’s an innovative software, it’s not entirely free from errors. One error that as a user you may receive is “QuickBooks Banking Error 102”.

This error may occur when your bank’s website has some technical glitches, website maintenance is going on, or a server has some issue in transferring data between website of the bank and QBO. If you are facing this error, these following tips may help you. If you want quick resolution of any QuickBooks Issue then you can contact our QuickBooks error support team that remains active 24/7.

See Also: Resolve QuickBooks Point of Sale Error 100060?

Steps to Resolve QuickBooks Error code 102?

Here are some suggestions to resolve the banking error 102.

Tip 1: Check if Your QuickBooks Online Requires Account Updates

If there is no maintains sign on your bank’s or credit card’s site or any other issue you can find out, you should manually update your account details in QuickBooks Online. There will be an update button at the top right-hand corner. Click the button and it will provide you with more information with updates. You should try to run at least three manual updates at the hours that aren’t supposed to be busy for the bank website.

Manual updates:

Not all accounts are automatic. Some may demand manual updates. In such a case, you will be informed in connection interview. While, in case of an auto update, if you don’t see the current days details after an auto update, you will have to update your information manually.

  • Go to the “Menu” at the left corner of your screen and select “Banking.
  • Select “clear unwanted accounts” if you wish to update only selected accounts.
  • Choose “Update now.
  • Provide your “MFA (Multi-factor Authentication)” upon being prompted and select “Continue” to update the details.

One manual update will have you covered for 90 days. A new listing mentioned in those 90 days will be downloaded. Doing this will ensure that even if you require to leave the days between updates, despite you will get the most updated information even if your account is connected to your bank account.

Tip 2: Check if your Account Details are Accurate

Try to login to your bank’s account using the URL provided by your bank with online banking. In case you fail to connect to your bank, follow the given six steps. Check out the below mention details adding your bank accounts to download and fix transactions in QB Online – The error might be caused because you are not able to connect to your bank.

Steps to connect to your bank account in QBO

Here is how you can connect to your bank Account in QuickBooks Online:

  • Go to the “Menu” at the left corner and select “Banking.
  • In case you are linking to a bank for the first time, go to “Search” and see if the name of your bank is there.
  • If you are already linked to a bank, click “Add Account” and find the name of your bank.
  • Choose your bank from the list.
  • For the website of your bank, put in your “User ID/Login ID” and Password
  • Click “Continue”.
  • If needed by your bank, furnish the added security verification steps, and click “Connect securely”.
  • Click on the symbol of the bank to the left of your account to connect it and from drop-down menu, select your bank type or credit card account. In case you do not have an existing account, you will find an option “Add + new” to make a new account.
  • After you join your account for the first time, QuickBooks software will download online transactions for last 90 days and also your banking and cc transactions overnight. Transactions can also be downloaded for less number of days.
  • Select “Connect”. It may take a couple of minutes or longer.
  • Once the download is complete, you will automatically go back to the banking page. Next, the “Review” tab will consist of transactions that were downloaded from your bank or financial institution. You can review, classify and accept the transaction in QuickBooks.

In case your bank is not listed, or you fail to connect or the data you require in older than 90 days, you will have contact your bank or download transaction from the site of your bank and then upload them to your QuickBooks.

Also see: Ways to troubleshoot QuickBooks error 6177

Tip 3: Read all Account Information or Notifications

If you can login successfully, read messages, notifications or warning that you may have received from your bank. This may tell you what is not working properly. Furthermore, you should able to check your account summary, history, and transactions with ease.

Tip 4: Let the bank take action

In case you are still receiving the error, you should wait for your bank to work on it. They may be trying to fix any probable issue with your server. Give your bank at least 24 hours to work on it.

Tip 5: Check if Your Account is New to the Bank

You may also get the banking error if you have recently opened your account, or that is new to the bank or credit card. Please note that some new accounts do not function with online banking. In this case, you should contact your bank/credit card provider for more details.

If the error still exists, you can call our round the clock QuickBooks online support team at+1-888-300-3913 and speak to our experts. We will fix the QuickBooks banking error 102 as well as any other QB related issue for you in the least possible time.

Also Read :- How to Fix QuickBooks Error Code 6147, 0?

Leave a Reply

Your email address will not be published. Required fields are marked *