Fix QuickBooks Error OLSU-1014 | Bank Feed Error - QBS Solved

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. 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.

What causes QuickBooks error OLSU-1014?

  •  Financial institution directory might not be updated. 
  • Damage to the company data file.
  • 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.
  • Issues with the bank account. 

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. 
  • Internet explorer must be updated.

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. 

  • 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. 

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. 

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.
Change the internet settings

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 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

Summary
How to resolve QuickBooks error OLSU-1014
Article Name
How to resolve QuickBooks error OLSU-1014
Description
How to resolve Quickbooks error OLSU-1014? 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. But this feature sometimes results in Quickbooks error OLSU-1014. This is one of the most common bank feed errors. Causes for Quickbooks error OLSU-1014 to occur: Financial institution directory might not be updated. Damage to the company data file. 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. Issues with the bank account. 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. Internet explorer must be updated. Steps to fix Quickbooks error OLSU-1014: To resolve Quickbooks error OLSU-1014, follow these basic methods: 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.
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