Introduction: Bank Error 108 can disrupt your financial tracking and reconciliation process in QuickBooks Online and QuickBooks Self-Employed. However, with the right steps and understanding, you can resolve this issue efficiently. In this comprehensive guide, we’ll delve into the causes of Bank Error 108 and provide step-by-step solutions to help you get back on track with your accounting tasks.

  1. Understanding Bank Error 108: Bank Error 108 typically occurs when QuickBooks encounters difficulty in connecting to your bank or financial institution. This can be due to various reasons, including temporary server issues, maintenance downtime, or changes in the bank’s security protocols.
  2. Troubleshooting Steps for QuickBooks Online Users: If you’re using QuickBooks Online and encounter Bank Error 108, follow these steps to troubleshoot the issue:
    • Verify Bank Connection: Check if your bank’s website is accessible and if there are any notifications regarding maintenance or updates.
    • Update QuickBooks: Ensure that your QuickBooks Online software is up to date with the latest patches and updates.
    • Reconnect Bank Account: Navigate to the Banking tab in QuickBooks Online and attempt to reconnect your bank account. Follow the prompts to authorize the connection and sync your transactions.
    • Clear Browser Cache: Clearing your browser’s cache and cookies can resolve temporary connectivity issues between QuickBooks Online and your bank’s website.
  3. Troubleshooting Steps for QuickBooks Self-Employed Users: QuickBooks Self-Employed users can follow similar steps to resolve Bank Error 108:
    • Check Bank Connectivity: Confirm that your bank’s website is accessible and operational. Look for any service alerts or notifications.
    • Update QuickBooks Self-Employed: Ensure that your QuickBooks Self-Employed app is updated to the latest version available.
    • Reauthenticate Bank Account: In the QuickBooks Self-Employed app, navigate to the Banking section and attempt to reauthenticate your bank account. To finish the process, adhere to the instructions.
    • Restart Mobile Device: Sometimes, a simple restart of your mobile device can resolve connectivity issues with QuickBooks Self-Employed.
  4. Contacting QuickBooks Support: If the troubleshooting steps mentioned above fail to resolve Bank Error 108, it’s advisable to reach out to QuickBooks customer support for further assistance. Provide details about the error, steps you’ve taken to troubleshoot, and any error messages encountered.
  5. Preventive Measures: To minimize the occurrence of Bank Error 108 in the future, consider implementing the following preventive measures:
    • Regular Updates: Keep your QuickBooks software and mobile apps updated to ensure compatibility with your bank’s systems.
    • Monitoring Bank Alerts: Stay informed about any maintenance schedules or security updates announced by your bank to anticipate potential connectivity issues.
    • Secure Connection: Use secure Wi-Fi networks and avoid public or unsecured connections when accessing QuickBooks Online or QuickBooks Self-Employed.
  6. Conclusion: Bank Error 108 in QuickBooks Online and QuickBooks Self-Employed can be resolved with proper troubleshooting and proactive measures. By following the steps outlined in this guide and staying vigilant about software updates and bank notifications, you can ensure smooth and uninterrupted financial management with QuickBooks.