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How to Resolve QuickBooks Error 3371 Status Code 11118?

Users commonly face QuickBooks Error 3371 when reconfiguring their desktop or setting up QuickBooks for the first time. This error is often tied to missing or corrupted company files. It's worth noting that a damaged EntitlementDataStore.ecml file, which houses important license properties, can be a key factor behind this issue.

Solutions to Resolve QuickBooks Error Code 3371 Status Code 11118
Here is the list of the steps to be followed to resolve this error:
Solution 1: Close all the running applications
Solution 2: Removing the ECML file
Solution 3: Alter the filename of the Entitlement file
Solution 4: Download, Install and Launch QuickBooks Tool hub
Step 1: Run the Quick Fix My Program feature of QuickBooks Tool Hub
Step 2: Run QuickBooks Install Diagnostic Tool from QuickBooks Tool Hub
Step 3: Run the 3371 Error fix from Tool hub
Solution 5: Perform Clean Installation of QuickBooks
Solution 6: Update Windows Operating System
Solution 7: Wipe off any Junk Files