QuickBooks Error - OLSU-1011

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What is QuickBooks Error OLSU? What causes this error?

QuickBooks is one of the most popular accounting software used by small as well as medium-sized businesses. It is developed by Intuit in order to bring an ease in managing the complex accounting data. It provides you a one-point access to the entire accounting data. QuickBooks is here to help you calculate payroll, taxation, expenses, bills, and much more. Intuit regularly updates the software with the advanced features to provide you with the latest functionalities. Therefore, in order to ensure an optimum use of the software, it is important to download and install the latest version of the software. Doing this makes sure that you face no technical error or flaws that can hamper the potential use of the software. At times, due to some genuine reasons, QuickBooks may malfunctions. Like every other software around you, QuickBooks is also prone to the technical errors. And, the error OLSU Bank Feed is one of the common errors faced by the users.

What is QuickBooks error olsu 1011 or QuickBooks error olsu 1013 ?

• This unexpected error occurs when you are trying to set up an account for Bank Feeds and the servers are not available for the access. You are unable to make an online connection and gain access to the company files. It is a connection and setup error that occurs due to many reasons. Some of the common OLSU errors are QuickBooks error olsu 1011 or QuickBooks error olsu 1013, OLSU-1016, OLSU-1013,OL-393, OL-392, OL-334, OL-249, OL-301, OL-231, OL-232, OL-209, OL-221, OL-205, OL-206, OL-202, OL-203 and QuickBooks error Ol-205 and Ol-301

What causes these errors?

One of the following reasons may be responsible in causing these errors.

  • There is a problem with your Financial Institution (FI)
  • Your bank has made changes with the services, Web Connect or Direct Connect
  • Your bank has made changes to their name that requires you to update it in your QuickBooks
  • Your bank account is inactive and the option ‘Inactive Bank Account’ is enabled for online banking
  • The bank servers are facing the downtime
  • There is a problem with your internet connection
  • There is an issue with one or more accounts in your company files
  • You face a problem with the import or download format
  • You are using an outdated version of the Windows QuickBooks Desktop
  • You are using Classic or Register mode than the Express or Side-by-Side mode
  • The file that you want to access is damaged

What are the ways to resolve these errors?

Your bank may require identity confirmation prior to accessing the files from Personal Financial Management (PFM) software. So, log in to your account and check if you have any notification in your inbox. You can also try calling the bank directly for instructions.

  • Check whether or not you are connected to the internet
  • Ensure that you have an updated version of the software
  • Know if you have successfully downloaded the transactions from the bank
  • Switch from the Classic or Register view to Express mode
  • Press the ‘Ctrl’ key and run the account setup
  • Create a new account and then merge the accounts

These steps should solve the Bank Feed setup errors. In case you still face the issue, you should contact the bank directly and check if they have made any recent changes with their services. Review the changes and download them in the QuickBooks application.