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How to Fix QuickBooks Error Code OL 203?

Fix QuickBooks Error Code OL 203

Did you get the QuickBooks error code OL-203 while working with the software? Don’t worry; you’re not the first to encounter this error, and it’s not a major issue. This code generally appears when setting up online banking in the QuickBooks application.

The error code will look like this:

Problem Connecting: (Your Financial Institution) sent an error message. Check with (Your Financial Institution) before trying to resend your transactions. Troubleshooting guide.

Error code: OL-203”

QuickBooks-Error-Code-OL-203-Screenshot-Image

First, let’s understand a lit bit about this error code. As mentioned above, this code appears during online banking setup in the QuickBooks application. The reason behind this is generally a bank server outage for a temporary period or due to the data integrity issues of the company files. We know it’s frustrating to see the error when you’re working, but we’ll help you fix it.

So what exactly causes the application to show an OL-203 error?

Well, there are a few instances that may cause this error to occur like

  • Some pending notifications on your online account that you may have missed or not addressed.
  • Your application might be outdated, meaning you may need to update it.
  • Your Internet Explorer version might be outdated.
  • Your bank or your financial institution may have changed its service offerings.
  • The servers of your bank might be temporarily unavailable due to some reason.
  • The File that your bank has provided might not be compatible be your QuickBooks application
  • Sometimes, your end has just a general Internet connectivity issue.
  • There has been a name change in your bank or financial institution.
  • Your account that you are using in QuickBooks for online banking might be inactive.

Some precautions to take before fixing this error

Make sure you follow these steps before starting to fix this error.

  • First, make a backup of your company files. To do that:
    • Open QuickBooks Desktop application
    • Then go to File, select Back Up Company from the list, and Create Local Backup
    • Follow the instruction that appears on the screen, and then it will create the backup
  • Update to application to the latest version
    • Open QuickBooks Desktop application
    • Then go to Help and select Update QuickBooks Desktop from the menu.
    • From the onscreen menu, select the Update Now tab
    • Click on Get Updates
    • The Update will start. Once the Update is done, click on the Close button

Procedure to fix QuickBooks error code OL 203

To resolve this error code, follow the below methods:

1. Create a new test company file

Create-company-file-Image-480x355.jpg

We’ll start the process by creating a new demo file to check whether there is a problem with your banking institution or its servers.

  • Open QuickBooks Desktop application
  • Then go to the QuickBooks File menu and select New Company
  • Select Express Start from the available options.
  • After that, you will add your bank account (enter the information about your account where the problem occurs).
  • Set this account for the bank feeds.
  • Once this process is completed successfully, start testing the newly created File by downloading the bank transactions.

If the downloads are successful, it indicates some issues with the primary company file, which will need to be evaluated by the technical team.

If you encounter an error, then proceed to the next step.

 2. Using TLS 1.2 security protocol

  • On your keyboard, press Windows + R (while holding the windows key) keys. It will open a dialogue box of the Run command.
  • In the dialogue box, type Control and hit the ok button.
  • Select Network and Internet and select Internet Options from the menu.
  • Select the Advanced tab option in it.
  • Scroll down to the Security section in the menu.
  • In it, check the Use TLS 1.2option and uncheck the Use TLS 1.0
  • Once done, click Apply, and then click on
  • After that, close the application and then restart your system.
  • Once the system has booted again, try to download your transactions again.

Use-TLS-1.0-only-setings-Image.png

  • If the error is still there, you may need additional Help from a professional to resolve it.

Conclusion

We hope you can solve this error with the Help of the above methods. These were the most common solutions that have helped most of the users in resolving the issue. However, if something is still wrong with the application (like the error is still not resolved or some other issue), we will be happy to help you fix it. Our dedicated QuickBooks error support team will guide you with any application problems you may have encountered. Please drop us a mail below with your query at the below Email id. We’ll reach out to you at the earliest. You can also call us directly at the helpline number.

Related Articles:

How to Troubleshoot QuickBooks Won’t Open Error?

Different Ways to Fix Error 15106 in QuickBooks Desktop

Learn how to Fix Error 1603 in QuickBooks Desktop

axpertadvisors

Olivia Watson is the co-founder of Axpert Advisor, that work towards providing accounting and bookkeeping services. She has a keen interest in exploring the world and also love spending time with the beauty of nature.

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