How to Fix QuickBooks Point of Sale (POS) Error 100060 – “Could Not Create Some Necessary Accounts”?

QuickBooks Point of Sale (POS) Error 100060 is a common error that arises when the software is unable to create essential accounts during a Financial Exchange. This typically happens the first time a transaction is attempted. The error is usually caused either by the account already being active within POS or because the user lacks administrative privileges in QuickBooks. 

Before diving into solutions, it’s important to recognize early indicators like failed Financial Exchanges or missing accounts. Also, make sure you’re logged in with admin rights and that all accounts are set up correctly in QuickBooks. Check out these 3 effective solutions to fix QuickBooks POS Error Code 100060. 

Solution 1: Use Account Numbers in QuickBooks Desktop

This fixes errors caused by account number mismatches during Financial Exchange. Disabling and re-enabling account numbers resets syncing. Here are the steps:

1. Open QuickBooks Desktop (Financial Software).
2. Click on ‘Edit‘ in the menu bar, then select ‘Preferences‘.
3. Go to ‘Accounting‘ and click on the ‘Company Preferences‘ tab.
4. Uncheck the box for ‘Use account numbers’ and click ‘OK’.
5. Now, go to QuickBooks Point of Sale and perform a Financial Exchange.
6. Once the exchange is complete, go back to QuickBooks Desktop:
   • Open ‘Edit’ > ‘Preferences’ > ‘Accounting’ again.
   • This time, check the box next to ‘Use account numbers’ to turn the feature back on.
7. Click ‘OK’ to save changes.

Solution 2: Log in as an Administrator in QuickBooks Desktop

Logging in as admin ensures you have permission to create or access accounts needed for transactions. This prevents account creation failures. Here are the steps to fix the error.

1. Open QuickBooks and go to the ‘File’ menu, then choose ‘Close Company/Logoff’.
2. Log back into the company file as the Administrator.
3. Click on the ‘Window’ menu and choose ‘Close All’ to clear open windows.
4. Go to QuickBooks Desktop Point of Sale, click ‘File’ > ‘Preferences’ > ‘Company’.
5. Choose ‘Accounts’ under the Financial section.
6. Make sure all account fields under the Basic and Advanced tabs do not have brackets (e.g., “[ ]”).

Solution 3: Create a New Account in QuickBooks

Creating a new account resolves errors from unavailable accounts during sync if accounts show brackets or are missing. Follow these steps to fix this error:

1. In case you find any field with brackets and can’t locate the correct account from the list:
   • Open QuickBooks Desktop, go to the ‘Lists’ menu, and select ‘Chart of Accounts’.
   • Click on ‘Account‘ at the bottom left and then choose ‘New’.
   • Select the appropriate account type, click ‘Continue’.
   • Fill in all the required details, and then click ‘Save & Close’.
2. Go back to QuickBooks POS, close and reopen the Company Preferences window.
3. Click ‘Accounts’, and check both Basic and Advanced tabs again. There should be no brackets now.

What are the Prerequisites to Fix QuickBooks Point of Sale (POS) Error 100060?

Before you start fixing this QBPOS Error Code 100060, ensure that the following prerequisites are fulfilled:

• Log in to QuickBooks Desktop with admin rights.
• Ensure a stable internet connection. 
• Backup your company data file. 

How to Identify QuickBooks Point of Sale (POS) Error 100060?

Here are a few signs that you will encounter when QuickBooks POS Error Code 100060 occurs:

• The error message “QuickBooks POS could not create some necessary accounts in your QuickBooks Financial Software” will pop up.
• Error shows up during the first Financial Exchange.
• Exchange fails due to missing or misconfigured accounts.

How to Prevent QuickBooks POS Error Code 100060?

Follow these tips to prevent encountering QuickBooks Error 100060 in the future:

• Always log in as an admin user.
• Keep the Chart of Accounts updated.
• Avoid deleting POS-required accounts.
• Check for unassigned or bracketed fields before exchange.
• Manage account number settings properly in QuickBooks.

When Should You Seek Professional Help for QuickBooks Point of Sale (POS) Error 100060

You should seek professional help when the error persists despite following the recommended steps, or if you’re unsure about creating or editing accounts in QuickBooks.