QuickBooks helps entrepreneurs across the nation in their accounting tasks. QuickBooks web-based banking feature is one of the best features of QuickBooks that enables it to interface the Visa and other financial balances legitimately into the programming. Web-based banking feature of QuickBooks is a feature of QuickBooks that allows you to accommodate finance balance in very less time. Further, it offers accurate information related to the framework. But this feature sometimes results in QuickBooks error OLSU-1014. This is one of the most common bank feed errors.
What is QuickBooks error OLSU-1014?
QuickBooks error OLSU 1-14 can come up when the financial institutions directory is not updated and there is damage in the QuickBooks data file. QuickBooks error OLSU-1014 hampers your work on QuickBooks and would not allow you to use online services in QuickBooks. QuickBooks error OLSU-1014 is a bank feed error in QuickBooks. For technical assistance and get it solved from professional QuickBooks Error support team at 1-888-910-1619.
What causes QuickBooks error OLSU-1014?
- Financial institution directory might not be updated.
- Damage to the company data file can result in this bank feed error.
- The QuickBooks version is not supported.
- Alerts from the bank have been ignored.
- Bank has changed the service offering to web-connect.
- Bank’s info is not updated.
- Some problem in the servers.
- Issues in the internet connection can be the cause for this error.
- Issues with the bank account.
- There might be some issues with the bank servers.
- QuickBooks might not be updated or it might be an unsupported version.
Also Read: How to Fix QuickBooks Desktop Payroll Error PS058?
Things to remember before fixing QuickBooks error OLSU-1014:
- Backup the company file.
- Tally the downloaded transactions.
- You must be able to sign in to the bank website.
- The QuickBooks version should be updated.
- The Internet explorer must be updated.
- Download transactions should be tallied and downloaded.
- Check for all alerts from the bank’s website.
How to fix QuickBooks error OLSU-1014?
Solution 1: Switch to Express mode.
- To enable the express mode in QuickBooks:
- To begin, first update QuickBooks.
- Sign In to single user mode.
- In QuickBooks, go to the preferences option from the Edit option.
- Select the Checking option, and go to Move to the company preferences option.
- Choose the Express mode.
Solution 2: Specify the default account.
- You have to login to the company file.
- Go to the file menu.
- Move to switch to the single user mode.
- QuickBooks Switch to single user mode.
- Next, from the preferences tab, you need to reach the Checking option.
- You must select the default account in the company preferences tab.
- This account is used for creating paychecks and payroll liabilities.
- Click Ok.
- Try to set up an account for online banking.
- You must attempt to set up the account again for online banking.
Solution 3: Refresh the connection with the Bank.
- You need to check for all inactive bank accounts.
- Reach Move to the company option.
- Select Chart of accounts.
- QuickBooks Chart of Accounts
- This should be followed by selecting the box of inactive accounts.
- Right click the inactive account.
- Move to the bank feed settings.
- Select the option of Deactivate all online services.
- Save the changes.
- If you identify an inactive account, here are the steps:
- To begin, you should right click the inactive account.
- Next, you have to reach the bank feed settings option.
- Select the deactivate all online services option and press OK.
- You have to close and reopen the company file.
- You have to make sure that the lighting bolt is gone.
- In order to end the process, you need to set up bank feeds.
- While setting up, you need to hold the ctrl key every time you have to select the ctrl Key.
Also Read: How to Record a Journal Entry in QuickBooks Desktop
Solution 4: Change the internet settings.
- Reach the tools in the internet explorer.
- Herein, select Internet Options.
- Choose the Advanced option, and then to the security section.
- Check TLS1.2.
- Click OK.
Resolving QuickBooks error OLSU 1014 when
- Setting up an American Express account for bank feeds.
- Download bank feeds information for a quicken chase visa card.
American Express
American express never supports direct connection for certain business accounts. For fixing this issue, you have to set up the account followed by downloading the transactions using the web connection. For more information, you can check the process for downloading the bank feed transactions.
Quicken Chase Visa Card
Quicken Chase Visa Card is a speciality card from chase it allows to access and download online banking information i.e. OFX, Quicken QIF or comma separated values. You have to contact Chase for adding Quicken Visa Chase Card added to the QuickBooks financial Institutions list.
Hopefully QuickBooks error OLSU-1014 is fixed by now!! If you are still stuck on QuickBooks error OLSU-1014, reach out to QBS Solved at QuickBooks Support QBS Solved at +1(888) 910 1619. and our experts will help you to get rid of QuickBooks error OLSU-1014.
Also Read:
QuickBooks Error OLSU 1013 | Causes & Troubleshooting
QuickBooks tls 1.2 Error Online Internet Explorer Security
