Complaining about QuickBooks bank feeds not working, then here is what you would need to know. Usually, QuickBooks smartly uploads more than 90 days of transactions. It can do so because it is connected to thousands of banks. However, due to a glitch in QuickBooks bank feeds within the system, you may encounter this error in versions 2015 to 2024.
Setting up the Bank feed properly is very important, but occasionally things may go wrong with the technology. While setting up your Bank feed, an error may arise, which may read like,
QuickBooks has encountered an OL or OLSU Error code.
Some of the common setup and connection errors that one may encounter are…
OLSU-1011, OLSU-1013, OLSU-1014, OLSU-1016, OL-202, OL-203, OL-205, OL-206, OL-209, OL-231, OL-232, and OL-249. OL-301, OL-332, OL334, OL-392, and OL-393.
What are Bank Feeds in QuickBooks?
QuickBooks Bank Feed is an effective feature for online banking that lets you connect to your specific financial institution. Bank Feed lets you download your transactions and use additional online features. This feature is capable of receiving financial transactions automatically. Using bank feed service, users can easily manage bank and credit card transactions and fulfill other important business requirements.
Possible Reason Why Bank Feed May Not Work in QuickBooks
One common problem that users experience is that the QuickBooks bank feeds are not working. This means that the software can’t automatically pull account data from the bank and sync it to the computer.
- QuickBooks doesn’t support or easily connect with your desired Bank.
- If you want to retrieve a transaction that is older than 90 days.
- The bank may have changed the names of the files that are required to be updated in QuickBooks.
- Your online banking facility may not have been activated.
- They may have changed from internet access to direct access.
Steps to Troubleshoot the QuickBooks Bank Feeds Not Working Issue
If you’ve been experiencing issues with your QuickBooks bank feeds not working, there is a solution. Follow all steps to troubleshoot the issue.
Solution 1: Update Bank Account
- Log in to your QuickBooks account.
- On the left side navigation panel, look for the ‘Banking’ menu.
- Click on the ‘Banking’ button.
- Go to the ‘Bank and Credit Cards’ category.
- Choose the bank account you wish to deal with.
- Now click on ‘Update.’
Here, you would need to manually download the bank transaction from your Bank’s website. Once downloaded, you can then easily import them into your QuickBooks account. Here is how you can do it:
Solution 2: Manually Download Bank Transactions
- Log in to your Bank Account.
- Download the desired bank transactions to your computer.
- In case you need to download many transactions that exceed the file size, then you can work around the matter by decreasing the date range of the Bank transactions.
- Choose the supported file types:
- CSV (i.e., Comma Separated Values) files.
- QFX (i.e., Quicken) files.
- QBO (i.e., QuickBooks Online) files.
- OFX (i.e., Microsoft Money) files.
- Note down the file name and the location of the download.
Solution 3: Manually Upload the QBO Company Files
- While having your QuickBooks logged in, on the left side navigation panel, look for the ‘Banking’ menu.
- Click on ‘File Upload.’
- Select Upload transactions manually.
- Click on ‘Browse’ to select the transaction files that you downloaded.
- Click on ‘Next.’
- Click on the ‘QuickBooks account drop-down list.’
- Choose your desired account where you wish to feed the files.
- Click on ‘Next.’ Then click on the ‘Let’s Go’ or ‘Finish’ button to complete the process.
Solution 4: Reconnect The Bank Account
Disconnect the bank account:
- Launch QuickBooks, and go to the Banking tab.
- Choose the bank account you want to disconnect.
- Next, click the menu bar and select “Edit Account Information.”
- Then, go to the “Account” box and select Disconnect this account, and click the “Save” option.
- After selecting the “Close” option and click the “Save” button.
Reconnect the bank account:
- First, open your bank’s website and log in to your account.
- Next, copy the specific URL address.
- Then, after opening the Banking tab in QuickBooks, open it.
- Now, select “Add Account” from the menu bar.
- Next, paste the specific URL address in the box that asks for your bank’s name or URL.
- Now, press the Enter key.
You can reach our helpline number round the clock at your convenience and get all QuickBooks banking error queries and QuickBooks Bank feeds not working issues. Just call the QuickBooks error toll-free number and our experts will assist you in no time.
