QuickBooks Error 100060 – QuickBooks POS Financial Exchange Error

In this post, we will discuss QuickBooks Error 100060, what exactly it is, what are the causes of this error, and what troubleshooting steps should be taken to resolve this issue. This error mainly occurs while running on the financial exchange in QuickBooks point of sale. This error displayed on the screen is  “QuickBooks POS could not create some necessary account in your QuickBooks Financial Software.” Go through the article and get all your queries resolved. Still, facing a problem contact our QuickBooks ProAdvisor toll-free: +1-844-405-0904

QuickBooks point of sale is one of the best and most advanced software providing by Intuit. It is mostly used by small and medium businesses. With the help of QuickBooks point-of-sale features, business owners can track all their work easily. Every year QuickBooks is updated by Intuit and it is one of the best advantages as new features added to the QuickBooks.

Like some error occurs in other software, in QuickBooks users face the same issue. One of the errors in the QuickBooks point of sale is error 100060.

Error 100060: QuickBooks POS could not create some necessary accounts in your QuickBooks

While using QuickBooks Point of Sale, if you see an Error 100060, this means that there are some necessary accounts that could not be created by the system. You can receive these kind of Error Messages when you are running a Financial Exchange, the first time for an account.

This can happen because of the following two reasons-

1. During the first Financial transaction, the account might already be been active in the QuickBooks Point of Sale, or
2. The user logged into might not have the QuickBooks administrator permissions.

To fix QuickBooks Point of Sale Error 100060, follow the following steps-

If, during the first Financial transaction the account might already be active in the QuickBooks Point of Sale then,

• Open the QuickBooks Financial software.
• Go to Edit select Preferences then go to Accounting.
• Go to Company Preferences and clear the ‘Use account numbers’ checkbox.
• And click OK
• Then from QuickBooks Point of Sale, perform a Financial Exchange.
• In QuickBooks, go to Edit and then in Preferences over to Accounting.
• Click Company Preferences and select Use account numbers checkbox to reactivate the account number feature.
• Click OK.

If The user logged into might not have the QuickBooks administrator permissions the following steps can be performed

• In the Point of Sale Company Preferences, click Cancel.
• In QuickBooks, choose File and then Close Company/Logoff.
• Click Open on the No Company Open screen.
• Log in to the company file as the Administrator and choose Window and then Close All.
• In Point of Sale, choose File and then select Preferences as Company.
• Choose Accounts under the Financial preference head and verify that all accounts under the Basic tab and the Advanced tab has no brackets.

If any accounts still contained brackets and the appropriate account cannot be found in the drop-down list, create the Account in QuickBooks:

1. In QuickBooks, choose Lists select Chart of Accounts.
2. Click on Account in the lower-left portion of the screen and then select new.
3. Choose an appropriate Account type and name the Account, filling the additional fields as required.
4. Click OK and then close the Chart of Accounts.

In Point of Sale, close and reopen the Company Preferences window and choose Accounts checking both basic and advanced. There should be no brackets at this time.

We hope that now you can easily resolve the QuickBooks Point of Sale Error 100060 on your own. We have mentioned the solutions according to the different conditions. If you are still unable to fix the problem or POS financial exchange error then you contact our Intuit Certified QuickBooks ProAdvisor through our 24/7 toll-free number +1-844-405-0904, they can instantly solve any errors.