QuickBooks is sometimes affected by certain errors, for instance QuickBooks error OLSU-1011 that usually happens when the bank QuickBooks is the best software for accounting work related to businesses. QuickBooks further aids in assistance in financial tasks, online banking, payroll services of the businesses. QuickBooks allows you to set bank feeds. But certain issues in QuickBooks can result in QuickBooks error OLSU-1011.
What is QuickBooks Error OLSU-1011?
QuickBooks is sometimes affected by certain errors, for instance QuickBooks error OLSU-1011 that usually happens when the bank account is tried to set up for the bank feeds. OLSU-1011 Bank Feeds Setup Error may also appear when the QuickBooks is being updated. This banking error is a part of the OLSU errors. Damage in the windows system files might show QuickBooks error OLSU-1011. if any case the login issues still exist, then you can reach out to QuickBooks support by dialing +1(888) 910 1619.
Causes for QuickBooks error OLSU-1011
- Bank website might be under maintenance.
- There might be some technical issue at the bank end.
- When the QuickBooks installation is not complete.
- QuickBooks installation got corrupted.
- The QuickBooks version is outdated.
- Financial institution directory has not been updated.
- Use of classic mode instead of Express mode in QuickBooks.
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Before resolving QuickBooks error OLSU-1011, ensure the following things:
- Update the QuickBooks .
- Create a backup of the company file.
How to resolve QuickBooks error OLSU 1011?
Solution 1: Specifying the default account.
- First, login to the company file as admin.
- Switch to the single user mode.
- Now, Go to the Edit option.
- Select Checking in the preferences option.
- Choose all the four options that you see in the default account under my preferences.
- Select Company preferences.
- Now, select Open the create paychecks under Company preferences.
- Click OK.
Read Also: Enabling, setting up and fixing view my paycheck issue
Solution 2: Switch to Express mode.
- Switch to the single user mode, once you login to the company file.
- Reach the Edit option.
- Go to preferences and select Checking.
- Now open the Company preferences option.
- Select Express mode in the bank feeds
Solution 3: Updating Financial institutions directory.
- Open QuickBooks.
- Reach the banking option.
- Choose Bank feeds.
- Go to the bank feed center.
- Go to the refresh icon from the top right corner of the page.
Solution 4: Reactivating the bank feeds.
- To fix the QuickBooks error OLSU-1011, you need to reactivate the bank feeds after deactivating it once. For deactivating:
- Open Chart of accounts.
- From the list, right-click on the account that is causing the error.
- Select edit option.
- Go to the bank settings and choose to deactivate all online settings.
Now, to reactivate the bank feed:
- From the list of ‘chart of accounts’, select the account that caused the error.
- Go to the edit account option.
- Select Set up bank feeds.
- Click Yes and close all the QuickBooks windows.
- Enter the bank name when prompted.
- Click Continue.
- On the bank page:
- Enter the username and password.
- Click Connect.
- Click Next.
Also Read: QuickBooks Database Server Manager be installed and used
Solution 5: Verifying and rebuilding utilities.
- Open QuickBooks.
- Select Verify data option in the utilities option.
- Click OK.
- If there are some issues in the data then go to rebuild.
- For rebuilding utilities:
- Select Rebuild data in the utilities option.
- Click Ok.
- Move ahead to save the backup.
- Let the data be rebuilt.
Solution 6: Contact the bank
We would recommend reaching out to the bank or the financial institution to get the QuickBooks error OLSU-1011.
Since there are possibilities that they are making some changes in the server or the website.
Hopefully after following these methods, you are able to get rid of QuickBooks error OLSU-1011. If the QuickBooks error OLSU-1011 still appears, connect to experts of QBS Solved by dialing 1-888-910-1619.
Also Read: How to resolve QuickBooks error OLSU-1014
Also Read: QuickBooks Support
