QuickBooks Error Code OL 203

Published on 6 January 2021 at 10:17

QuickBooks Error Code OL 203 (When Updating Bank Feeds)

QuickBooks Error Code OL 203 occurs when you’re updating your accounts to download the brand new bank transactions into QuickBooks software. The reason behind error code OL-203 could be the temporary bank server outage or company file having data integrity issues.

In this post, we’ll discuss its causes and acquire them fixed Error Code OL 203 permanently. Also, the occurrence of this error code because your bank might need you to definitely confirm your identity in order to access online services in QuickBooks desktop.

Causes for QuickBooks Error Code OL-203

Bank website or servers are from the maintenance mode
Company file having data integrity issues
QuickBooks desktop needs to be updated
Things to do before fixing this error code

A. Make a backup for your company files

1. Open QuickBooks Desktop
2. Go to File > Back Up Company > Create Local Backup
3. Now follow onscreen instructions to create a backup

B. Update QuickBooks Desktop

Open QuickBooks Desktop
Go to Help > Update QuickBooks Desktop…
Select Update Now tab through the top and click Get Updates
Once Update is complete, click on Close
Quick Note: Process to fix this error code may complex, you can speak with our experts for the quick resolution. Leave us your message and we’ll contact you.

5 basic steps to correct QuickBooks Error Code OL 203
Step one: Contact your bank or financial institution
We recommend you, contact your standard bank first since there could be a possibility that they’re making some changes onto their server(s) or website(s) and therefore could be the reason behind having this trouble in QuickBooks desktop.

If they’re running with a few issues please watch for 24-48 hours or if they’re not please proceed further with all the below troubleshooting steps.

Step 2: Enable Security Protocol TLS 1.2
Press Windows+R keys together to open Run command
Then type Control and then click OK
Select Network and Internet > Internet Options
Click the Advanced tab
Scroll the cursor to your Security section
Make certain Use TLS 1.2 is checked and Use TLS 1.0 is unchecked
Now click Apply and OK

Step 3: Deactivate and Reactivate Bank Feeds
Deactivate Bank Feeds

Head to List > Chart of Accounts (CTRL+A)
Right-click on the account(s) from the list that causing this error code for you and choose Edit Account
Click on Bank Settings
Select Deactivate All Online Services
Click OK
Select Save and Close
Reactivate Bank Feed

Head to List > Chart of Accounts (CTRL+A)
Right-click in the account(s) through the list that causing this error code to you and select Edit Account
Click on Set Up Bank Feeds… and then Yes to shut all open QuickBooks windows
Next screen prompts one to enter your bank(s) name and click Continue
Now on the next windows enter your bank Username and Password and click Connect
QuickBooks will require some time to pull up your bank account(s), once it found them LINK the account(s) with a respective existing account
Click Next
Step 4: Run Verify and Rebuild Utilities
Run Verify Utilities

Open QuickBooks Desktop
Head to File > Utilities > Verify Data
Click OK to close all open windows
If QuickBooks doesn’t detect any problem with your data click OK
If QuickBooks found some problems with your computer data click on Rebuild
Run Rebuild Utilities

1. Go to File > Utilities > Rebuild Data
2. Click OK after which Save to create a backup
3. Once rebuild has completed click on View Results
4. If you found 0 issues please proceed further with the below steps
5. in the event that you found any problems with important computer data, it is possible to speak with our experts.

After following the above 4 steps if you’re still facing QuickBooks error code OL-203, please proceed further because of the below-troubleshooting step.

Step 5: Create a Test Company File
The purpose to produce a unique test file is to look for if the problem is along with your bank or a business file. To generate an innovative new company file proceed with the below steps:

Head to File > New Company
Click Start Setup and Skip
Now go into the required information and click Create Company
QuickBooks might take some time for creating a fresh company file
Once You’re All Set! Click on Start Working
Now add your bank account in the test file
When you can download the lender transactions

After creating a fresh test file whenever you can download the bank transactions that means that your primary company file might have some issues, please contact our specialists in order to do more troubleshooting.

If you can’t download the financial institution transactions

After creating a new test file if the exact same issue still exists that means your bank needs your confirmation to verify your identity or they’re making some changes on the server(s) or website(s). In that situation, you'll want to speak to your bank and consult with their QuickBooks experts team.

After following all of the above steps you’ll not any longer face QuickBooks error code OL-203 but in case it still exists please consult with our experts or let us contact you.

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