When the user tries to connect to their bank, the QuickBooks Error OL 301 can interrupt the processing in the QuickBooks Desktop. Another situation in which this error can occur is while downloading the transaction in the application. The connection between QuickBooks and your bank or a company file problem can explain the error 301. You can reconnect to your bank, reconfigure the online banking settings, and verify the company file to fix the error. To understand the troubleshooting in detail, you are suggested to read the full blog.
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Which issue causes the error in QuickBooks Desktop?
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The user is advised to know and understand the factors that cause or impetus the error, after which they can learn the troubleshooting more effectively. The reasons are as follows:
- If the QuickBooks application and bank have disrupted communication between them, then you won’t be able to open your bank account.
- If your company file has damages or corruption, you can encounter error 301.
- If the QuickBooks application itself is outdated, then the error can occur.
- Now that the reasons are clear to you, you can go ahead to troubleshoot the error following the steps we provide here.
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How can you fix the causes that create the Error OL 301?
In QuickBooks, the Error OL 301 is caused by the damaged company file, interrupted connection, etc. The user can resolve this by configuring the setting of the faulty areas. Follow the best directions that the experts recommend for removing the issue instantly:
Solution 1: Reset the online banking connections
The steps that this solution gives will fix the connection issues that your bank and application may have. If reconfiguring a single account doesn’t help, try the same for all the accounts, including the hidden and inactive ones. The steps are:
- Go to the Lists menu, and choose Chart of Accounts.
- Click Include inactive from the bottom menu.
- Now, Turn off the Bank Feeds for all the accounts, including inactive accounts as well.
- Then, close QuickBooks and open it again.
- For each account, choose to turn on Bank Feed.
After this, take the steps as you were to connect to the bank or download a transaction. Follow the next step if you still can’t achieve the desired results.
Solution 2: Verify and repair the damage in the company file
In this solution, you need to run the Verify and Rebuild data tools to verify and repair the damaged company file in QuickBooks.
- Hover the cursor over the Utilities– an option in the File menu.
- Now select the Rebuild Data tool.
- Hit OK in the QuickBooks Information window, then follow on-screen instructions for backup.
- The Repair tool will begin its function, which may take some time.
- When the work is done by the tool, click OK.
- In the File menu, hover over Utilities, then tap Verify Data.
- When there is some issue or problem found, select Rebuild Now.
This solution must be helpful to you.
The blog on QuickBooks Error OL 301 discusses the cause of the error and the steps to troubleshoot it. It must have helped you connect to your bank and download the transactions. Contact the QuickBooks Customers Advisory team through this 1.855.738.2784 if you face any problems.
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