A quick guide to resolve QuickBooks Error Code 340
QuickBooks software has many features and the purpose of these features is to assist the user in financial matters. QuickBooks performs online transaction, download transaction, run payroll, keep track of bills and pay online bills, etc. but while performing tasks on it, you have to face errors due to unknown reasons. These errors should fix easily. QuickBooks error is one of them which occurs when you try to download banking transactions. So, in this article, we will discuss QuickBooks error code 340. You will also know its reasons and solutions to fix it.
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What is QuickBooks Error Code 340?
When the user attempts to download an online transaction for any client, QuickBooks error 340 pops up. The QuickBooks online error message indicates that it didn’t update and asks to go back to the banking page to fix it. The QuickBooks online program and the bank connectivity rely on the data security shared by the bank or financial institution.
You have to face QuickBooks error 340 due to the issue with Amex accounts while downloading Amex transactions in QuickBooks although a few other cards performed well. This error also occurs when a bank tries to update banking in QuickBooks online. QuickBooks error 340 is an annoying error that requires remedy at the same time. Let’s fix this error with the following solutions.
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How to Fix QuickBooks Error Code 340?
Before fixing the QuickBooks error code 340, you have to check your bank’s website, and follow these sets of steps:-
Check Your Bank’s Website
- Sign in to your bank website to check if it is working properly.
- If you have made any changes on the bank’s website like account no., user name, or password, it is also required to be updated in your bank info in QuickBooks online.
- For this, you are needed to select Bank Account in QBO >>select the Pencil Icon>>choose Edit Sign-in Info>>select Update Your Info. After that, select Bank Account in QBO >select Edit Account>click Online Settings>select Dissociate>now move to Banking Setup and set up the account again with the username and password that is active on the bank site.
- Now, you are recommended to verify from the bank if the bank downloads are active.
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In case, if the above-given steps don’t work, try the methods given below.
Method 1: Run a Manual Update on Your Bank Account.
- First of all, select Banking and then click on Update.
- Now, enter the Multi-Factor Authentication Credentials within 2 minutes and then click the continue update option.
- After the update completion notification, it will show the date of the last update and the total number of transactions changed.
Note: – some banks do not post transactions for download until the next morning. We advise you to wait for at least 24 hours.
Method 2: Check If You are Able to Log into Your Bank’s Website.
- First of all, open Bank URL and then select Banking
- After that, you need to select the Add Account option from the top right of the banking screen.
- Now, search for the name of your financial institution.
- Thereafter, select the Bank under the results
- Here, you will get the link for your bank’s website at the top of the window.
- Now, you need to log in there to verify that you are able to access the account through this site and also check your bank summary, account history, and account details properly.
Method 3: Manually Upload these Transactions Using Web Connect File
- First, sign into your Bank’s Website and then follow the process of downloading transactions.
- As the downloading process ends up, move to Bank on the left panel and upload the file to your company.
- After that, select Banking on top >click File Upload>click Browse and Choose the file you saved> click Next.
- From the QuickBooks account drop-down, select the Bank Account and then hit the Next tab.
- While uploading a CSV file, you will be prompted to select the column from the CSV file that matches QuickBooks online banking field.
- After selecting them, Hit the Next tab and then click the Finish option, once the process is completed.
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Conclusion
We hope that this article must give you the best solution to rectify QuickBooks error code 340. You seek the assistance of our QuickBooks specialists if you are unable to resolve the error properly. By completing the online form on our website, get in touch with us right away. We appreciate you visiting our website.
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