Learn Best Methods to Resolve QuickBooks Error OL-301

    • 182 posts
    December 5, 2022 5:22 AM EST

    When attempting to connect directly to a bank, QuickBooks frequently encounters QuickBooks error OL-301. This blog will discuss what causes it and how to fix it. Get in touch with QuickBooks' error support group immediately if you need instant assistance.

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    March 22, 2023 1:43 AM EDT

    Before executing the methods to fix QuickBooks error code OL-301, save a backup of your QB Desktop Company File to eliminate the risk of losing any essential data in the process.

    Step 1: Create a New Company Test File.
    To test if the QuickBooks bank connection error OL 301 occurs due to an issue with the company file or the bank connection, you need to create a new test company file.

    To start, click the File tab and choose New Company.
    Then, click the Express Start or Start Setup option.
    Now, provide all the required information to set up a company and click the Create Company button and start working.

    If you recently installed the latest QuickBooks Desktop version, it is suggested to verify your Bank’s identity once again. To verify the identity, sign-in to your Online banking with any web browser and check the identity confirmation request notification. If you don’t get any notification then you need to contact your Bank directly or you can call our expert team to resolve the error code: OL-301.

    Step 2: In QuickBooks, Reset the Connection for Your Bank Account.
    Sometimes Bank makes changes to their online banking services so you should try refreshing your bank connection to troubleshoot any such issue.

     

    First Turn off all the Bank Feeds
    First, click on the Chart of Accounts, which is under the Lists.
    Then, locate and click right on the Account and select Edit Account.
    Now, under the Bank Feed Settings, press the Deactivate all online services option.
    Click OK and then Save & Close.
    After the deactivation of the online bank feed of the Account, we need to reactivate the Account’s online bank feed once again to fix the OL-301 error QuickBooks.

    Turn On the Bank Feeds For Direct Connect
    Hit the Bank Feeds option under the Banking tab and then choose Set up Bank Feed for an Account.
    Then, select your Bank and provide all the information as required.
    Now, follow the instructions which are displayed on the screen to complete the procedure.
    Turn On the Bank Feeds For Web Connect
    Sign in to your Online Baking Account and then download the banking transaction data file in the .qbo format and save it on the Desktop.
    Hit the Utility option from the File tab.
    Now, click Import and then Web Connect Files.
    After that, choose the .qbo file from the Desktop, and click Open.
    Here, select the option of Using an existing QuickBooks account in the Bank.
    Press OK after your Web Connect data is read into QuickBooks Successfully.

     

    Regards,

    Diana

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