Fix QuickBooks Error OL-301[Solutions]

 


Quickbooks is a very innovative and prestigious accounting software. It is full of technically advanced algorithms and smart features that make your daily business tasks easier. It tends to connect with your bank account directly and executes the related operations. However, there are various instances where users end up with some technical glitches and errors. QuickBooks Error OL-301 is one such commonly apparent issue. It is also known as the Account not syncing with a bank error or you can also locate this like TD bank QuickBooks OL-301 error, Ol-309, QuickBooks American Express import OL-301 error. It usually occurs when you try to download or access banking transactions online. Reconciling QuickBooks with your bank or credit card accounts can help you to track your income, expenses, and other expenses without making a double entry. You can easily detect any discrepancies in your transactions and get better insights for your business.


What does QuickBooks Error OL-301 mean?

While connecting with a financial organization or downloading the baking transactions or feeds, users may end up with an error code QuickBooks Error OL-301. It pops up on your screen with an error prompt stating, “Your financial institution sent an error message. It might be because your account info changed or they haven’t turned on a service, like online bill pay. Find common fixes for this error or give your bank a call.” This means there is a communication problem between QuickBooks and your bank or the software fails to connect with the financial institution server. 


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Primary reasons that provoke QuickBooks Error OL-301 

If QuickBooks cannot verify the user’s information with the bank or fails to connect with the bank due to some technical faults then you may confront QuickBooks Error OL-301. Also, you might have to notice various types of error messages displayed on your screen “QuickBooks and the bank cannot exchange data because they have different account information.” Here’s a list of all possible factors that are responsible for this bank connection error. Let’s have a look:

  1. The bank account information entered in QuickBooks Desktop is not appropriate. 

  2. Due to inactive status and blocked accounts. 

  3. Incorrect login credentials for Online banking. 

  4. The bank’s server is down or under maintenance. 

  5. While trying to access a service that is not activated such as Online Bill Payment Service. 

  6. The company file you are using is damaged or corrupted. 

  7. Your identity confirmation request is still under process by the bank. 

  8. Any discrepancies between the information provided to the bank and QuickBooks can trigger such an error code. 


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How to troubleshoot QuickBooks Error Code OL-301?

Once you get familiar with all the likely reasons for the QuickBooks online banking error OL-301, it becomes easier to settle the issue quickly. Make sure that you’ve created a backup of your QB desktop company file to avoid losing any essential data in the process. 


Troubleshoot 1: Create a New Test Company File

  1. To start off, tap on the File tab and select New Company.

  2. Now, choose the Express Start or Start Setup option.

  3. Later, you need to fill in the required information to set up a company and press the Create Company button and start working.


Troubleshoot 2: Reset all the Banking Connections

  1. The very first step is to navigate to the Lists and then select Charts of Accounts.

  2. Now, you need to choose the Show Inactive Accounts option from the Accounts drop-down menu.

  3. Hit right-click on any inactive account and then click on Edit Account.

  4. Under the Bank Feed Settings, tickmark the Deactivate all the Online Services option.

  5. After that, hit OK on the confirmation window.

  6. At last, restart QuickBooks and check the error status.


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Closure!

Are you still getting frustrated due to QuickBooks Error OL-301 or want to fix it soon? No worries, here’s the solution. There are multiple users who encounter issues while downloading or accessing banking transactions Online. Hence, you have a great chance to have a word with our QuickBooks technical error support team in order to make online banking more convenient or accessible. 

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