QuickBooks technical issues are frustrating and may seem insurmountable. One such update error is QuickBooks error 12029. This error indicates a problem with the network connection between the servers and the accounting software, which prevents the latter from acquiring an IP address. This error occurs when the supporting servers take longer than expected to return to QuickBooks. When updating QuickBooks desktop or payroll is another common cause of this problem. Reading the whole post will help you understand this error much better.