Listen to this articleAre you getting QuickBooks error 100060 while running Financial Exchange between QuickBooks Desktop and QuickBooks POS? Don’t worry; follow this article to discover the best solutions to tackle this error.
QuickBooks Desktop assists users with many functions, like cash flow management, bill payment, and financial report generation. QuickBooks POS, on the other hand, assists with business transactions, like inventory and customer tracking. To bridge the information gap between the two programs, Financial Exchange is performed. Although running the Financial Exchange is simple, sometimes, issues might arise that can hamper the process. QuickBooks error code 100060 is one such error that can occur when QB POS is unable to create necessary accounts. All things considered, this error needs to be fixed; otherwise, users won’t be able to create the required accounts to run Financial Exchange. To help you resolve this error, we have curated this detailed blog with primary reasons and solutions. So, let’s explore further and fix this error code once and for all.
You can follow our comprehensive article to learn how to tackle the POS error 100060 in QuickBooks. However, if you aren’t tech-savvy or you don’t want to undertake the resolution process on your own, you can reach out to our QB support team at 1.855.856.0042 to get immediate assistance in fixing the error code.
Table of Contents
What is QuickBooks Point of Sale Error 100060
Error code 100060 in QuickBooks is a common error in QuickBooks POS that can arise when certain important accounts fail to get created. This error usually appears while trying to run the Financial Exchange for an account for the first time and is accompanied by an error message stating, “Error 100060: QuickBooks POS could not create some necessary accounts.” This POS error needs to be resolved by following the solutions provided below to run the financial exchange between QuickBooks and QuickBooks POS seamlessly.
Major Reasons Why QuickBooks POS Error 100060 Occurs
Before we learn how to resolve the POS error code, let’s understand why it arises. Knowing why the error occurs can help you address it with better clarity. Here are the main reasons why QuickBooks error 100060 occurs –
- You tried completing the first financial transaction using an account that was already active in QuickBooks POS.
- You are not logged in to QuickBooks as an administrator, and the lack of proper admin rights can cause issues while creating necessary accounts in POS.
- You are unable to find the appropriate account while running Financial Exchange between QuickBooks and QuickBooks POS.
- The account might not be properly created, and it might have brackets.
These are the major triggers behind error code 100060 in QuickBooks. Let’s proceed to the next section to learn practical ways to resolve this error successfully.
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Effective Solutions to Address QuickBooks Error Code 100060
Until the 100060 error is fixed in QuickBooks, users will not be able to create the necessary accounts and run the Financial Exchange correctly. Thus, once you have understood the main causes behind this error, you need to rectify it. Error 100060 in QuickBooks POS can be addressed by following the troubleshooting solutions given below –
Solution 1 – Log in to QuickBooks as an Admin User
Since the lack of proper administrative rights can be a reason for QB error code 100060, you need to log in to the application as an admin. To log in as an admin user, implement the steps given below –
Step 1 – Sign in as an Admin and Review the Accounts
First, you need to sign in to the company file as an admin, then review the account field in the following manner –
- Open QuickBooks and go to the QuickBooks File menu, then choose close company/logoff and login to the company file as an admin.
- Move to the Window menu and choose Close All, then open QuickBooks POS and head to the File menu.
- Choose Preferences and select Company, then go to the Financial section and select Accounts.
- Further, review all the accounts under the Basic and Advanced tabs and ensure that they have no brackets.
If you have any account field with brackets but are unable to locate the appropriate account from the drop-down list, create the account in QuickBooks in the next section.
Step 2 – Create a New Account in QuickBooks
You need to create a new account to ensure that there are no brackets by implementing the steps given below –
- Open QuickBooks Desktop, head to the Lists menu, then choose the Chart of Accounts.
- From the account drop-down menu, choose New, then go for the right account type and hit Continue.
- Enter the required information, then hit Save and Close to confirm the action.
- Now, in QuickBooks Point of Sale, exit and reopen the Company Preferences window and select Accounts.
- Lastly, check both the Basic and Advanced tabs and ensure that there are no brackets at this time.
Once done, try to run the Financial Exchange using the account and check the status of the error code. If error 100060 in QuickBooks POS keeps occurring, move to address the issues.
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Solution 2 – Reactivate the Account Number
If the solution given above doesn’t help, you can reactivate the account number. Reactivation is necessary to continue using account numbers in QuickBooks Desktop. Thus, edit the preferences in QuickBooks Financial and reactivate the account by using the steps given below –
- Open the QuickBooks Financial software, then hit the Edit menu and select Preferences.
- Go to the Accounting tab, then select Company Preferences and unmark the ‘Use account numbers checkbox.
- Click OK, then open QuickBooks Point of Sale and perform a ‘Financial Exchange‘.
- Further, go to Edit, then select Preferences and click Accounting.
- Click on Company Preferences, then reactivate the account number feature by marking the Use account numbers.
- Lastly, hit OK to save the changes and reopen QuickBooks and QuickBooks POS.
Now, try to run the Financial Exchange by using the reactivated account and check the status of QuickBooks Error 100060: “QuickBooks POS could not create some necessary accounts in your QuickBooks Financial Software.”
Conclusion
We hope this article helps you navigate through QuickBooks Error 100060 with ease. In case these solutions aren’t helping or you are stuck in the troubleshooting process, you might need expert assistance. For this, you can reach out to our QB experts at 1.855.856.0042 to get direct guidance and get the error code resolved successfully.
FAQs
QuickBooks error 100060 is a common issue in QuickBooks that can occur when the application is unable to create necessary accounts to run the Financial Exchange. This error can occur due to the following common triggers –
1. You are not logged in as an admin in QuickBooks Desktop.
2. You are running the financial transaction by using an already active account.
3. The account might not be properly created or it might be in brackets.
QuickBooks error 100060 can be fixed by following the solutions mentioned below –
1. Reverify and reactivate the account in QuickBooks Financial.
2. Run QuickBooks as an admin and review the account fields.
3. Create a new account if the original account is in brackets.
QuickBooks POS is a retail point-of-sale system that offers inventory and customer management tools. It provides easy-to-use workflows for daily tasks and can be used to track income, pay bills, and run payroll.
