QuickBooks Error 3371 is the code assigned to a series of errors that are caused when QuickBooks is unable to load the license data. These errors are mostly caused due to installation issues on the desktop running QuickBooks. The different QuickBooks Error 3371 status code 11118 are as follows: Error 3371 Error 3371, Status Code – 111118 Error 3371, Status Code – 1 All the errors stated above are caused when QuickBooks is not able to initialize license properties with the most plausible reason being the loss of data or corruption of files needed to access the required information.