A Comprehensive Troubleshooting Manual For QuickBooks Verify ToC Error

QuickBooks Verify ToC error appears when QuickBooks checks the accuracy of financial data but instead finds something wrong with the transactions. Here, ToC refers to the transfer of credits. You may encounter this error message: “Verify ToC: Verify has failed due to an error under Transfer of Credits related to transactions.” “Transfer of Credits”

This error occurs mainly when the transactions are not linked properly and can cause reconciliation issues further affecting the accuracy of your data. Don’t panic! In this blog we will discuss the possible cause and solutions to fix this verification error instantaly.

Reasons For QB Verify ToC Error

This verification error can appear due to the following reasons.

Damaged company files are the prime reason QuickBooks struggles to verify data, leading to verification errors such as QuickBooks Banking Error 350.
If transactions, such as invoices, payments, or general journal entries, are not properly linked or they have missing information, QuickBooks can’t verify them accurately, which causes this error.

Methods to Fix QB Verify ToC Error

After understanding the reasons, we can apply suitable fixes to resolve this issue. We have explained some effective solutions below; follow them to get rid of this verification error and ensure the accuracy of your financial data.

Method 1: Verify and Rebuild the File(For Mac Users)

Verify Your Company File:

Open QuickBooks Desktop for Mac.
Go to File and select Utilities.
Click on Verify Data.
Then, hit OK.
If you notice this message “Your data has failed the integrity check,”
Rebuild your data file.
If there are no issues, you’re all set.

Rebuild Your Company File:

After verifying, go back to File and select Utilities.
Click on Rebuild Data.
Hit OK.
You will be prompted by QuickBooks to create a backup before rebuilding. Click OK to proceed with the backup. If you prefer not to back up, click Cancel to continue without it.
If you haven't set up backup preferences, QuickBooks will ask you to do so. Choose Backup Preferences.
Make any necessary changes.
Then, click OK.
Once the backup is complete, you can find it by selecting Show in Finder or click OK to finish.
After rebuilding, click OK. Check the company file again to ensure all errors are resolved. If problems persist, repeat the rebuild process.

Recommended to read : Fix QuickBooks Data Missing after update issue

Method 2: Delete and recreate the transactions

Go to the Edit menu.
Choose Find.
On the Simple tab, select Invoice from the Transaction Type.
Enter the invoice number.
Click Find and select the invoice.

Note: If the error message doesn't include an invoice number, use the GJE number or Receipt number instead. Repeat these steps.

On the invoice screen, choose Create a Copy.

Note: Update the invoice date to match the original invoice's date.

Click Save & Close.
Go to Edit, select Transaction History, and delete the original invoice.
Next, go back to Edit, select Transaction History again, and delete the related payment.
Make sure the new invoice is correctly linked by checking the transaction lines.
Lastly, verify and rebuild your data.

Conclusion

We hope that by following the above-listed methods, you will be able to fix the QuickBooks verify ToC error successfully and maintain the accuracy of your data.