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Fix QuickBooks Error Code OL 203 in 4 Simple Steps

Have you Ended up with QuickBooks problem OL-203? Well, this issue might be unpleasant for a lot of users. Setting up internet banking on QuickBooks desktop often results in this issue. Another possibility for this error is a momentary failure of the bank server or a problem with the integrity of the company file(QuickBooks Error Code OL 203).

This blog post will explore some of the most useful methods to fix QuickBooks Error OL-203. Alternatively, you can also call our certified QuickBooks technicians for quick and precise solutions.

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Causes for QuickBooks Error Code OL-203

  • Due to maintenance, the bank’s website and servers are currently unavailable.
  • Company file having data integrity problems
  • The desktop version of QuickBooks should be upgraded.

Methods To fix QuickBooks Error OL-203

Follow the given methods to resolve the QuickBooks error code OL-203:

Step 1: Contact your bank or banking organization

  • We encourage you to contact your banking institution first since there may be a potential that they’re making some modifications to their server(s) or website(s). That could be the explanation for experiencing this difficulty with the QuickBooks desktop.
  • You may either wait for 24-48 hours to see if the problems go away or follow the troubleshooting procedures listed below if they don’t.

Step2: Enable the TLS 1.2 security protocol

  • Press Windows+R keys together to launch the Run command
  • Click OK once you’ve typed Control.
  • Select Network and Internet > Internet Options
  • Click on the Advanced tab
  • Scroll the pointer to the Security section
  • Click Apply and OK after making sure Use TLS 1.2 is selected and Use TLS 1.0 are unchecked.

Step 3: Deactivate and Reactivate Bank Feeds

Deactivate Bank Feeds

  • Go to List > Chart of Accounts (CTRL+A)
  • Select Edit Account from the context menu when you right-click on the account(s) giving you this error number.
  • Click on Bank Settings
  • Select Deactivate All Online Services
  • Select “OK”
  • Choose “Save and Close” to finish the process.

Reactivate Bank Feed

  • Go to List > Chart of Accounts (CTRL+A)
  • Select Edit Account from the context menu when you right-click on the account(s) giving you this error number.
  • Click on Set Up Bank Feeds and then Yes to dismiss all open QuickBooks windows.
  • The next screen requests you to input your bank(s) name and click Continue.

  • When prompted, type in your bank’s username and password in the following windows and press Connect.
  • If you have many bank accounts, QuickBooks may take some time to locate them all. Once it does, link each one.
  • Click Next

Step 4: Run Verify and Rebuild Utilities

  • Start the Verify Utilities.
  • Open QuickBooks Desktop
  • Select File > Utilities > Verify Data
  • Click OK to close all open windows
  • If QuickBooks doesn’t find any issue with your data, click OK

  • Click Rebuild if QuickBooks detects a problem with your data.

Run Rebuild Utilities

  • Go to File > Utilities > Rebuild Data and then click OK and Save to generate a backup.
  • Once reconstruction is done, click on View Results.

  • If you detected 0 difficulties, please move ahead with the following procedures.
  • If you find any concerns with your data, you may chat with our professionals.
  • After performing the above four procedures, please move further with the below-troubleshooting step if you’re still getting QuickBooks error code OL-203.

Step 5: Make a Demonstration File for a Company

  • Building a new test file aims to identify whether the issue is with your bank or a company file. Follow these procedures to establish a new company file:
    • Choosing ‘File > New Company’
    • Setup will begin—select Skip.
  • Now, provide the necessary details and click the button. Set up a Company
  • QuickBooks may take some time to establish a new company file.
  • When You’re Ready to Go! Click on Start Working
  • Now put your bank account in the test file.

Winding up!

We tried to include all the common causes and solution for QuickBooks problem OL-203 and hope that by following the procedures provided in this article you would be able to overcome it. In case the issue still persists, you can contact our 24/7 QuickBooks error support team at 1-800-615-2347 for more advanced solutions.

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