Bank feeds is a feature in QuickBooks which allows user to download Banking information like transactions in their QuickBooks. There are times when a user gets in trouble while accessing the bank feeds or banking information in QuickBooks. Some of the common errors while connecting or setting up Online Banking in QuickBooks are OL-202, OL-203, OL-205, OL-206, OL-209, OL-231, OL-232 and OL-249. OL-301, OL-332, OL334, OL-392, OL-393.OLSU-1011, OLSU-1013, OLSU-1014, OLSU-1016, OLSU 1024 and OLSU 1022.
Possible reasons that can cause these errors
- QuickBooks unable to sync with bank due to invalid banking information
- Bank servers are down
- QuickBooks product is not updated or is coming under the DISCO policy(invalid license)
- Problem with Internet connection
- QuickBooks company file is damaged or altered
- Problem with the format of downloaded bank feeds
Troubleshooting steps
Create a new company file for testing: After confirming from the bank about your banking information, go ahead and create a test company file in QuickBooks by going to File > New Company > Express Start and setup the online banking Account with same details as the file having problem in online banking. Download the transactions to check the account.
- Create a copy of your company file
- Check for Sedentary Balances in your QuickBooks record that still possess the Lightning-Bolt.
- Proceed to the Chart of Accounts, choose the checkbox in the base to Add Non-Active.
- For an inactive accounts that nevertheless gets the lightning-bolt, look in the Chart of Accounts.
- Selected the Accounts >> Edit Consideration.
- Clickbank Feed Options tab, choose Deactivate All Online Services, then click Save.
- Check the Lightning-Bolt is finished.
- Shut your business record then re-open it.
- Operate Online-Banking obtain trades and set up again. Another phase is that you still get one, moved to by me.
- Deactivate the accounts for services that are online.
- Proceed to the Chart of Accounts, find the issue accounts, then pick Account ">> Edit Consideration.
- Click the Financial Bank Feed options tab, choose Deactivate All Online Services, then click Save.
- Shut your business record then re-open it.
- Operate Online-Banking set up again and push and hold the ctrl-key whenever any order clicks.
- Select Bank >> Banking feeds >> Bank feeds center
- Before you see the information that trades are saved continue to support the the ctrl-key.
Create a new account and merge bank accounts
Sometimes, there can be an issue with all the account you downloading transactions or setting them up. These measures help determine whether the problem originates with that account. In the Chart of Accounts, Unite the old (issue account) in to the brand new account:
Proceed to the Chart of Accounts, find the issue account, then pick Account ">> Edit Account.
Click the On-Line Services (Bank Web Feed Settings) tab, choose Deactivate All On-Line Services, then click Save & Close.
In the Chart of Accounts, make a fresh account.
Paste the Account title with no asterisk *.
Close and re-open the organization file.
Visit Chart of Accounts, find the account with all the asterisk, then pick Account">>Edit Account.
Set up Online-Banking for this account.
Downloading trades to the newest unified the account.
Deactivate accounts with Online Banking services
Sometimes users have multiple accounts for using Online banking services, if one of the account is having issues then all of the accounts may stop working in future.In Chart of accounts choose Include Inactive, select an account to edit > Click on Online banking services tab and deactivate Online banking services for all accounts
If above mentioned steps does not help contact QuickBooks technical support phone number or go to https://247quickbooks.com/fix-olsu-1024-olsu-1022-error-quickbooks for detailed solution of these errors.
This post first appeared on 24/7 QuickBooks Bookkeeping And Support, please read the originial post: here
