According to Intuit, the error code 00227 55008 occurred in QuickBooks 2007 and was resolved by an update to the latest release of that program.
To identify the latest release of QuickBooks 2007, see our article on the release notes.
To verify your version and release of QuickBooks, press F2 while QuickBooks is running to display the Product Information window. The Product field shows the version and release at the top left of the window. In the example below, Premier Accountant Edition 2009 is the version and R3P is the release.