Windows system file damage is the reason for this error. System file errors can occur for a number of reasons, including inappropriate deletion of hardware or software, incomplete hardware or software installation, and incomplete hardware or software uninstallation. The deletion or corruption of entries in the Windows system files may also come from these actions if your computer is recovering from a virus attack. How To Fix QuickBooks Error Code 5502? Information that is missing or incorrectly linked results from this system file corruption.

Additional causes for this issue include:

There's a good chance that shared download is enabled, but the download location is incorrect or unavailable.

A terminal service environment is used to operate your QuickBooks in multiuser mode.

If you are a Windows Vista user then you not be logged in as Windows Administrator or running the application as administrator.