How to fix QuickBooks Error Code OL 205 ?

Error Codes in QuickBooks Error Code OL 205 All bank feed mistakes are denoted by OL (Series) and OLSU. There are many possible causes of the Bank Feed Error in QuickBooks.

QuickBooks Error Code OL 205
QuickBooks Error Code OL 205

Several causes of QuickBooks Error Code OL 205 have been identified.

  • The bank or financial institution’s problem.
  • Internet Connection Speed: Slow
  • Multiple QuickBooks accounts generate complications with the Company File.
  • Formats for downloading and importing are not supported.
  • Services for Windows Edition or QuickBooks Desktop that have been discontinued

The instructions below will assist you in resolving QuickBooks Error Code OL 205.

  • To begin, you must activate TLS 1.2 in the latest version of your web browser (Internet Explorer).
  • Internet Explorer 11.0 should be opened.
  • During the installation procedure, you must ensure that the software is the most recent version available.
  • In the top-right corner of the Internet Explorer browser, click the Gear Icon.
  • Now, open the most recent version of Internet Options and go to the Advanced Tab.
  • Navigate to the Security menu.
  • Now, uncheck the TLS 1.0 box by clicking on it. Now, check the Use TLS 1.2 checkbox.
  • To save the changes, click OK.
  • Close any Unwanted Tabs that are open.
  • Restart your Tablet or Computer at this point.

Create a New Test Company File in Step #2.

  1. Create a Test Company File; this will assist you in determining the root reason for the mistake, whether it is with your bank or your server.
  2. Select the New Company option from the QuickBooks File menu, and then click the Start key.
  3. Go to the New Company File and add the Bank Account that is causing you problems. Create a separate account for your bank feeds.
  4. Now, test the account using the Bank Feeds that you already downloaded.
  5. Now check to see if you are still receiving the same issue. If the same error message flashes again, there must be an issue with your bank/financial institution. You must go to the subsequent step.

Step #3: Inquire about the issue with the bank

  • Almost all banks/financial institutions have a Support Team that is dedicated to resolving such situations.
  • Prior to connecting with the Bank Executive, you should gather all of the banks feeds.
  • Because QuickBooks provides the most convenient access point through its Online Banking System, the OL 205 error, along with any other OL and/or OLSU errors, must be resolved via the Bank.
  • Once you have comprehensive help from the bank, transmit all of your QuickBooks’s Bank Feeds to the bank representative to verify that the account is operational.
  • Acquire all account information through the Agent and then mark them all Active for the services required by QuickBooks Desktop.