QuickBooks Bank Feeds Setup Error OLSU - 1011 Fix

 

QuickBooks Bank Feeds Setup Error OLSU - 1011 happens when you're setting up an account for a bank. Error Code OLSU-1011 likewise emerges at the hour of updating an account in QuickBooks Desktop. 

In this post, we'll talk about the causes and arrangement steps to fix this error. 

 

Reasons for QuickBooks Bank Feeds Setup Error OLSU - 1011 

• Bank site or servers are on the support mode 

• Company file having data trustworthiness issues 

• QuickBooks desktop should be updated 

• Your Financial organization directory (FIDIR) isn't updated 

• You're in exemplary mode rather than an express mode 

Activities prior to continuing with the investigating steps: 

A. Update QuickBooks Desktop 

• Open QuickBooks Desktop 

• Go to Help > Update QuickBooks Desktop… 

• Select Update Now tab from the top and click Get Updates 

• When Update is finished, click on Close 

B. Make a backup for your company file 

We prescribe you to make a backup first since, in such a case that there would be any fallback in the middle of the process so you can return to a similar spot. 

• Open QuickBooks Desktop 

• Go to File > Back Up Company > Create Local Backup 

• Now adhere to onscreen directions to make a backup 

6 Simple Steps to Fix QuickBooks Bank Feeds Setup Error OLSU - 1011

Stage 1: Contact your Bank/Financial Institution 

We prescribe you to contact your Bank/Financial foundation first in light of the fact that there could be a likelihood that they're rolling out certain improvements onto their server(s) or website(s) and that is the purpose behind experiencing this difficulty in QuickBooks desktop. In the event that they're running for certain issues kindly hang tight for 24-48 hours and in the event that they're not kindly continue further with the beneath investigating steps. 

Stage 2: Specify default account for Personal and Company Preferences 

• Login to your company file as Admin and change it to the single-client mode. 

• At that point Go to Edit > Preferences > Checking 

• Under My Preferences select all the four alternatives with the default account 

• At that point click on Company Preferences and under Select Default Accounts To Use segment, select Open the Create Paychecks and Open the Pay Payroll Liabilities with the default account 

• At that point click OK 

Stage 3: Switch to Express Mode 

• Login to your company file as Admin and change it to the single-client mode. 

• At that point Go to Edit>Preferences>Checking 

• Select Company Preferences tab 

• Under the Bank Feeds, select the Express Mode 

• Click OK 

Stage 4: Update your Financial Institutions Directory 

• Programmed Update 

• Open QuickBooks Desktop 

• Go to Banking 

• At that point Select Bank Feeds > Bank Feeds Center 

• Now select the revive symbol to the upper right corner 

• Manual Update 

• Close QuickBooks 

In case you're utilizing QuickBooks Pro/Premier, explore to C:ProgramDataIntuitQuickBooks20XXComponentsOLBrandingfilelist 

In case you're utilizing QuickBooks Enterprise Solution C:ProgramDataIntuitQuickBooks Enterprise Solution 20XXComponentsOLBrandingfilist

• Now look for fidir.txt and make a right-click on it 

• At that point select Rename and type old toward the finish of fidir. 

• Now get your most recent version file from true QuickBooks site 

• When you open the file press Ctrl+S from the console 

At that point explore to C:ProgramDataIntuitQuickBooks20XXComponentsOLBrandingfilelist 

• Now click Save 

• Resume QuickBooks 

In the event that a similar issue actually exists subsequent to following the above advances, kindly continue further with the underneath steps as well. 

Stage 5: Deactivate and Reactivate Bank Feeds 

• Deactivate Bank Feed 

• Go to List > Chart of Accounts (CTRL+A) 

• Right-click on the account(s) from the rundown that causing this error code to you and select Edit Account 

• Click on Bank Settings 

• Select Deactivate All Online Services 

• Click OK 

• Select Save and Close 

Reactivate Bank Feed 

1. Go to List > Chart of Accounts (CTRL+A) 

2. Right-click on the account(s) from the rundown that causing this error code to you and select Edit Account

3. Click on Set Up Bank Feeds… and afterward Yes to close all open QuickBooks windows 

4. Next screen prompts you to enter your bank(s) name and click Continue 

5. Now on the next windows enter your bank Username and Password and click Connect 

6. QuickBooks will set aside some effort to pull up your bank account(s), when it discovered them LINK the account(s) with an individual existing account 

7. Click Next 

Stage 6: Run Verify and Rebuild Utilities 

Run Verify Utilities 

• Open QuickBooks Desktop 

• Go to File > Utilities > Verify Data 

• Click OK to close all open windows 

• In the event that QuickBooks doesn't recognize any issue with your data click OK 

• On the off chance that QuickBooks discovered a few issues with your data click on Rebuild 

Run Rebuild Utilities 

1. Go to File > Utilities > Rebuild Data 

2. Click OK and afterward Save to make a backup 

3. Once remake has finished click on View Results 

4. On the off chance that you discovered 0 issues kindly continue further with the underneath steps 

5. In the event that you found any issues with your data, you can talk with our specialists 

Conclusion

In the wake of following all the above advances you'll at this point don't confront QuickBooks Error Code OLSU-1011 however in the event that it actually exists you can talk with our specialists for a fast goal