Getting an error while working on something important can be really frustrating. Quickbooks is the finest Accounting software for small and mid-sized businesses. however, you can encounter some errors while using the banking feature of the software. these errors can be triggered when you download a bank transaction or working on it. hence you need to take proper measures to troubleshoot this error.
QB error1016 is a banking error that can occur due to several reasons. having an inactive bank account can be one of the reasons. this online banking error can be also considered as a bank feed error. In order to troubleshoot this error, you need to understand the causes. we have listed below some of the reasons which will help you to understand this Quickbooks Error. you can also troubleshoot the Quickbooks C=272 error using the Quickbooks tools. they will automatically detect the error and fix them.
Reasons behind Quickbooks Error 1016
You can mark these reasons that can trigger this Quickbooks Bank Feed Error.
- Any kind of modifications or changes in banking services can lead to this error. the change of bank name maybe not updated in the Quickbooks or any kind of network connectivity issue.
- the account synced with the Quickbooks Software has turned inactive.
- Corrupt or Damaged download file can also cause this error.
- Internet connectivity or web connectivity can also lead to this error. Make sure your internet connection is working properly.
- there might be some issues with the account linked in the company file.
- an outdated Quickbooks Version can also cause this online banking error.
Methods to fix Quickbooks Error 1016
Here we have listed below the methods that can be followed to resolve this Quickbooks banking error. make sure to follow the steps in order to troubleshoot the error completely.
Step-1 Enable the Securit Portal
In the latest version of Internet Explorer TLS 1.2 is the newest security protocol to secure data transmission. you can follow the steps given below to enable it.
- Go to the internet explorer browser and click on the Gear Icon.
- Now open the advanced tab from the Internet option.
- Now go to the security option and file the checkbox of TLS 1.2.
- Now click on Apply and Ok to save the changes.
- after the completion of the above steps now restart your device.
Step-2 New Test Company
While following this process you will be able to evaluate the cause behind this error.
- Go to the Quickbooks Software and click on the File Menu.
- Now select the New company option and click on Express start.
- Now you need to add your bank account that is causing the error.
- after the successful integration now try to download the bank transaction.
While downloading the bank transactions if you are getting the same error then there is an issue with the bank Server. Contact your bank to resolve the issue immediately.
Step 3: Use the Account Set Up Feature
this feature will enable you to set up a connecting with the bank by using your last transaction details. Before continuing this process, make sure to have a backup of your data.
- Open the Quickbooks software and look for the Inactive accounts that are still being used.
- Now you will be required to deactivate all these accounts.
- Now open the Bank Feed setup and enter the commands to execute the operation. makes sure to hold the CTRL button every time while entering a command.
- Now open the Bank Feed and click on Bank Feed Center.
- Keep your cursor on the send/receive and hold the control until the PIN screen appears.
- Now you have to enter your Pin In it.
- Click on OK to save the changes.
Wait until this transaction complete.
If the process is not completed then it means that the error still persists. this bypass method cannot resolve this error. We have mentioned above the best methods that can troubleshoot the Quickbooks Error 1016. However, if you are not able to fix it on your own then you can get assistance from Experts at Quickbooks.