As with any software QuickBooks is not without its problems. However, it is a reliable accounting tool for companies of all kinds. One such problem is the bank feed error which shows up in QuickBooks Error OLSU 1013. It can seriously impede your financial management.
This error usually appears when issues are establishing a connection between QuickBooks and the online services provided by your bank. Knowing how to resolve this problem will enable you to resume accurate and seamless bookkeeping. We’ll go over the reasons behind the QuickBooks Error OLSU 1013 in this guide along with some doable fixes.
What is QuickBooks Error OLSU 1013?
The most common cause of the error OLSU 1013 is a malfunctioning online banking connection between your bank and QuickBooks. The inability to download transactions or problems syncing your bank account with QuickBooks are just two examples of how this error can appear.
Typical causes consist of:
- Server problems at the bank: These issues could be related to maintenance or disruptions on the bank’s end.
- Incorrect Bank Credentials: Your login information may be out-of-date or inaccurate.
- Issues with the Connection: QuickBooks may not be able to connect to your bank if there are momentary internet or connection problems.
- Updates for banking software: QuickBooks or your bank may have provided system updates that are not working properly.
Methodical Approaches for Resolving QuickBooks Error OLSU 1013
There are multiple efficient ways to fix QuickBooks Error OLSU 1013.
Method 1. Change the Default Bank Account to Company & Personal Preference
The first method is to keep your default account under personal and company preference. To do this take the following actions:
- You must first launch the QuickBooks program and sign in as an administrator to your QuickBooks account.
- The Edit option must then be selected after selecting the Preferences option. Next, select the Checking option.
- You will then need to select the default option under the My Preferences tab.
- It is then necessary for you to navigate to the company preference and choose which account to set as the default.
- Last but not least, you must select the OK option. After that, you will be able to access your bank account by entering your login credentials.
Method 2. Use the Express Mode in QuickBooks
Using the express mode in QuickBooks software is the next possible solution. Adhere to the instructions provided:
- To access the preferences option in your QuickBooks software first select the Edit option.
- You will then need to select the Checking option.
- After being redirected to the bank feed, you will need to navigate to the company preference option and choose the Express mode.
- The final step is to click on the Save button to save the modifications.
Method 3. Merge Accounts
Making and combining accounts is an additional option. Take the following actions:
- To begin, you must choose the Accounts that are giving you trouble.
- You will then need to click on it to make changes.
- The account name must then be copied and the file name must have an asterisk (*) added as the postfix.
- After that, you must select the option to Deactivate the Services in the bank feed settings.
- You must now Save it before accessing the chart of accounts.
- You must register for an account. After selecting the option do not include the asterisk (*) from the account name and Paste it. The file must be closed and then opened again after this.
- Navigate to the Chart of Accounts option.
- To edit an account you must first select it and then click the Edit option.
- You must next delete the (*) from the name before saving it. A notification regarding the merge warning will appear. You must attest to the same.
- The last step is to Download every transaction from the combined
- account.
- If you still face the same issue, contact QuickBooks Support for further help.
Method 4. Enable TLS 1.2 Internet protocol
Using the TLS 1.2 protocol on your system is another recommended method to fix the QuickBooks Error OLSU 1013. You must adhere to the following steps:
- Launch the Microsoft Edge browser on your computer, and make sure that you have the latest version installed.
- Click the Gear icon on the upper right section of the browser.
- Navigate to the Internet tab and then hit on the Advanced Tab.
- Scroll down to the Security section.
- Remove the check mark for USE TLS 1.0, then mark USE TLS 1.2.
- Press Apply then OK.
- Close all the programs and reboot the computer.
- After the computer restarts, check if the error persists or not.
- If the error message persists, contact QuickBooks Support for further assistance.
Keep in mind to Avoid Problems Later on
Take into consideration these precautionary steps to avoid running into QuickBooks Error OLSU 1013 in the future:
- Updating: Update QuickBooks and the online services offered by your bank regularly.
- Safe Credentials: Make sure your login information is up-to-date and safe.
- Keep an eye on Bank Services: Remain updated about any possible disruptions or changes from your bank.
Conclusion
Although QuickBooks Error OLSU 1013 can cause havoc with your accounting process it is a fixable problem with the correct approach. This guide may have walked you through fixing the issue and getting QuickBooks smooth bank feeds back.
Please do not hesitate to contact QuickBooks Support for additional help if you are still having issues. These options enable you to keep your company’s finances under precise and effective control.
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