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How to Resolve QuickBooks Error H505 (Multi-User Issue)?

QuickBooks is one such accounting software that helps many businesses to complete their financial projects. QuickBooks provides many features to the users, one of which is QuickBooks Multi User Mode. With the help of this mode, many users can work on the same company file from different work stations in the network. In multi-user mode, the company file is accessible in the same manner as it is on a personal computer. But the problem occurs when you are unable to access your file in QuickBooks due to some reason. In such a situation, QuickBooks Error H505 is displayed on your screen with message “company file is on another computer and some assistance is needed to connect to QuickBooks.” If you are also getting the message of QuickBooks Error Code H505 while using QuickBooks, then you need to fix it. In this segment, we will learn in depth about how this error occurs, causes and how it can be resolved.

Solution to Fix QuickBooks Error Code H505

Solution 1- Create a New Company File folder

· Navigate the company file folder that hosting company file in your computer.

· Create a new folder on desktop and paste that QuickBooks company file into the new folder.

· Now right click on the folder and select Properties option.

· Click the share tab and choose advanced sharing option from the list.

· Select the "Share this folder" checkbox and then navigate to the "Permissions" section.

· Select on Full Control checkbox for everyone group option and click to apply button and OK.

· Now try to open the company file again from the workstation to checkout the error is resolve or not.

Solution 2- Update QuickBooks application

· First you need to open the QuickBooks application and go to the Help menu and choose the option of about QuickBooks.

· Some list is shown under the list click on update QuickBooks window and then click on Update Now button.