How to Diagnose and Fix QuickBooks error 40001?

Posted 2 years ago in TECHNOLOGY.

QuickBooks error 40001 is a payroll error that occurs while activating direct deposit in QuickBooks. The error usually appears when the user is not logged in to QuickBooks as an administrator or account information in the payroll is incorrect.

How to Diagnose and Fix QuickBooks error 40001?

QuickBooks error 40001 is a payroll error that occurs while activating direct deposit in QuickBooks. The error usually appears when the user is not logged in to QuickBooks as an administrator or account information in the payroll is incorrect. To fix this issue, we suggest running QuickBooks as an administrator and running the Verify Utility tool. If you are also facing QuickBooks payroll error 40001, read the advisory blog until the end to learn the causes behind the error and troubleshooting solutions to fix it.

If you are unable to eliminate QuickBooks error 40001 on your own, reach out to the certified QuickBooks expert’s team for effective and immediate assistance to resolve the error.

Top reasons causing QuickBooks payroll error 40001

Given below is the list of prominent factors that trigger the error:

  1. The user has not logged in to QuickBooks with admin credentials.
  2. There is some damage or corruption in the QuickBooks company file.
  3. Internet Explorer is not set as the default browser on the computer.
  4. Some crucial QuickBooks files are missing from the folder or are damaged.
  5. QuickBooks Desktop is not updated, and the payroll tax table is outdated.

                                                Related article:- QuickBooks error 6177

Know Steps to Deal with QuickBooks Direct Deposit error 40001

Follow the fixation steps given below in the correct order to rectify the issue:

Solution 1. Open QuickBooks Desktop with admin privileges

Before you start the activation process, follow the steps given below and run QuickBooks as an administrator:

  1. Close down the QuickBooks Desktop application if open and go to your desktop.
  2. Right-click the QuickBooks icon and click the Run as Administrator option.

Solution 2. Diagnose company file issues by running the Verify and Rebuild Utility tool

  1. In QuickBooks, go to the File menu and choose Utilities.
  2. Click Verify Data and wait till it completes the diagnosis.
  3. If there are any issues in the company file, proceed to rebuild the company file.
  4. Choose the File menu again, select Utilities and click Rebuild Data.
  5. Click OK and follow the instructions given on the screen to complete the rebuild process.

Solution 3. Set up your direct deposit with QuickBooks Desktop Payroll

  1. Keep all the information related to your business handy such as business name, address, EIN, principal officer security number, birth date, and home address.
  2. Open QuickBooks as administrator, go to the Employees menu and select My Payroll Service.
  3. Choose Activate Direct Deposit and click Get Started.
  4. Select the Business tab, click Start, and then Next.
  5. Enter the Principal officer information, click Next, and select Add new bank account.
  6. Enter the name of your bank and then the online banking credentials.
  7. Create a PIN that you will use while sending payroll.
  8. After creating a PIN, click Submit and then Next.
  9. After that, check the Principal officers' full security number and click Submit.

If you still get the same error code, try:

  1. Updating the QuickBooks Desktop application to its new release.
  2. Using QuickBooks Install Diagnostic Tool to repair installation issues.

Conclusion

If none of the above fixation solutions help you resolve QuickBooks error 40001, call us on our toll-free number +1-888-704-1357  and consult the certified QuickBooks expert’s team.

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Ashley Graham

Living in United States

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