english logo english logo english logo english logo english logo
accounting management software accounting business software

QuickBooks Error OLSU-1016

One of my clients who has been using online banking with QuickBooks recently came across the error OLSU-1016 when trying to download new transactions. They had spoke with Intuit who did some troubleshooting by creating a new QuickBooks file and setting up one account for online banking. That file was able to download the transactions, so the next set was to remove all online banking information and re-setup the accounts for online access. This did not fix the issue, so they decided that the working file needed to be sent to Intuit to be fixed as there was data damage that could not be fixed over the phone. I ran some test of my own on the file, by doing a verify, which did not detect any errors. I did notice however, that they also had credit card accounts that were setup for online banking. These credit card accounts were also from the same bank. I had them go through and add/match the downloaded transactions for those accounts, then deactivated the online banking services for their credit card accounts as well. Once all accounts were deactivated, we proceeded to add the online banking service back to the accounts and was able to download transactions again. The support article that Intuit has at does have that listed as one of the steps, however it is not just bank accounts that need to be deactivated, but all accounts.

About Travis Trudeau

Travis has been a Consultant with Presti & Naegele since October 2007. He has worked with companies in a variety of industries, specializing in QuickBooks Point of Sale. An Advanced Certified QuickBooks ProAdvisor since 2008, he also has extensive knowledge of QuickBooks Financial software and third party integration solutions. Travis is an expert in QuickBooks SDK and creates various custom applications for his clients. Prior to working at Presti & Naegele, he worked for Intuit as a Technical Support Representative and was part of the advanced support team.In his spare time he does computer programming and is currently learning to develop for Appleā€™s iPhone and iPad devices.
This entry was posted in Current Tips & Tricks, QuickBooks Diagnostic & Data Tools, Tips & Tricks and tagged , . Bookmark the permalink.

Leave a Reply