QuickBooks is a leading accounting software that makes a direct deposit of employee wages in the bank account feasible for employers. The software can handle the employee records and timely release their wages after deducting the tax amount. The software can sometimes malfunction due to internal issues while activating the direct deposit. QuickBooks Error 40001 develops in the software while working on the employee data or using the direct deposit to release the wages. If you also encountered a similar error in your QuickBooks, keep reading the blog to discover its reasons and the practical methods to counter it.
If the procedure seems complex, try fixing this error with the help of a QB support team available at 1.855.738.2784.
Reasons
The emergence of this error can be blamed on the following circumstances-
A virus attack or data corruption has damaged the QuickBooks data in your hard drive.
The internet speed is very low in your system leading to a connection failure while executing the direct deposit.
The software is internally damaged due to a faulty installation on your PC.
Solutions
This direct deposit error can be fixed using the methods given below-
Solution 1- Repair the QB data using the Verify-Rebuild data utility
If the QuickBooks data is damaged, this error prevents you from making a direct deposit in the employee’s bank account. During the direct deposit, whenever the software tries to access the data in your hard drive, it faces an error due to the unsupported format of your data. You’ll have to repair the damages in your data to make it usable again for the software. Refer to the steps below to use the Verify-rebuild utility-
Approach the server computer to open QuickBooks and click on File.
Go to Utilities and click Rebuild Data in the options list.
Click Ok in the dialogue box prompted by the software to create your backup.
The data will be repaired automatically after creating the backup.
Select Utilities again in the File menu and click on Verify Data.
Let the utility run, click Rebuild Now if you see a ‘your data has lost integrity’ message on your screen, and if you see no error messages, the damage is repaired.
Let the rebuilding finish and retry activating the direct deposit on your QuickBooks.
If the error comes up again, try the next method.
Solution 2- Check your system’s internet speed and compare it with QB requirements
The error can also occur due to lapses in the internet connection. You can check the internet speed of your system by applying the steps below-
Go to Google and search for ‘Internet Speed test.’
Run the test from the search results and wait for the results.
Compare your internet speed to the QB requirements of 3Mbps average and 1.5Mbps minimum.
You must upgrade your network connection if the internet speed on your system doesn’t satisfy QB requirements.
Conclusion
This is the end of our blog that provides intricate details of QuickBooks Error 40001. You are now aware of the reasons for this error, and we hope you apply the solutions to make your QuickBooks free from errors again.
If you need further help with the issue, converse directly with a QB support team at 1.855.738.2784.
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