QuickBooks brings technically advanced and innovative features to make accounting and associated business processes as easy as they can get. It gives you the option to directly connect to your bank account and perform the related operations but sometimes you might face errors while doing that. On e such error is QuickBooks error OL-301. It will prevent you from connecting to your bank account and thus needs to be resolved soon. Through this article, we discussed the reasons causing QuickBooks error OL-301 and the methods to resolve it.

If you are facing this error and you need an expert’s assistance to resolve it, then contact us (800)-579–9430.

What is QuickBooks error code OL-301

Users may come across QuickBooks error code OL-301 while trying to connect to a financial organization like their banks or when they try to download banking transactions. It will appear with a message saying that the financial institution has sent an error and thus the task cannot be processed. It primarily occurs when QuickBooks fails to connect to the server of the financial institution or it cannot verify the user’s information.

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Reasons causing QuickBooks error message OL-301

QuickBooks error message OL-301 might occur due to various reasons as mentioned below:

1.If the furnished information for the connection to the financial institution is inconsistent then you may get the QuickBooks error OL-301.
2. Account status being inactive or blocked can also cause the error.
3. Bank’s server is down or under maintenance.
4. Damage or corruption in the QuickBooks Company File.

How to get rid of QuickBooks banking error OL-301

Various troubleshooting methods can help you get rid of QuickBooks banking error OL-301. They have been listed out for you:

Setting up a Test File to resolve the QuickBooks online banking error OL-301

A test file could be set up to resolve the QuickBooks online banking error OL-301. Steps for that are as follows:

1.Click on the ‘New Company’ option under the ‘File’ tab and then click the ‘Express Start’ option.
2. You have to enter all the required details and then click the ‘Create Company’ button.
3. Try connecting with your bank through this file and check if it connects.

If you could not connect, then there is an issue from the bank’s side. If you were able to connect through this file then follow other methods.
Other troubleshooting methods can be resetting the connection of your Account in QuickBooks, checking if there are any inactive accounts, and checking the Company File for any errors.

You should be able to resolve the error by following the methods stated above. If you are struggling with the error and you need an expert’s assistance, then contact us at (800)-579–9430.

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