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How to fix QuickBooks Error H505? (Multi User Mode Issue)

One problem that frequently arises for users of the well-known accounting program QuickBooks is QuickBooks Error H505. This error is especially related to multi-user mode issues and belongs to the H-series error category. This usually happens when QuickBooks Desktop is unable to connect to a computer and a user tries to open a company file that is on a different computer or server. Users may need to verify and modify their network settings, confirm hosting configuration, and examine firewall and security settings in order to fix QuickBooks Error H505. To make sure that your financial data is safe and accessible, it is advised that you get help from QuickBooks support or a qualified IT specialist in order to resolve this issue.