Bank Feeds Setup Error OLSU-1011

🔹 First of all, you need to log into your company file as an admin.
🔹 After that, you need to switch to the single-user mode.
🔹 Having done the above step, move on to the option named Edit.
🔹 Now head on to Preferences in the Edit menu and choose the Checking option.
🔹 Then go to the My Preferences tab and choose default accounts for all the four options.
🔹 Once done, visit the Company Preferences tab.
🔹 In that, you need to choose the options named Create Paychecks and Pay Payroll Liabilities.
🔹 Finally, make a click on the Ok button.
🔹 Attempt to set up the account for online banking once again.

Get the method given above into use and see if the Bank Feeds setup error in Quickbooks is resolved or not. If not, carry on with the other given methods.

🔹 The first step is to search for the file ‘fidir.txt’ on your Windows.
🔹 After that, make a right-click on the ‘fidir.txt’ file and choose the option Rename.
🔹 Once done, change the extension from ‘.txt’ to ‘.old’ and save the name changes by clicking outside the pop-up menu.
🔹 Then you need to choose the version of QuickBooks whose latest file is desired.
🔹 Now, go to the Save As window, choose Desktop and click on the Save button.
🔹 After that, make a right-click on the ‘fidir.txt’ file on your desktop and then tap on Copy.
🔹 Choose File Explorer by hitting a right-click on the Start button and then choose This PC.
🔹 The next step is to access the ‘filist’ folder.
🔹 Then you have to make a right-click anywhere and choose Paste from the menu thus displayed.
🔹 The final step is to exit QuickBooks and open it again.

🔹 The first and foremost step is to log in to the Company file and switch to the single-user mode.
🔹 After that, go to the Edit menu and tap on Preferences.
🔹 Having done the above step, select the option named Checking.
🔹 Now proceed to navigate the Company Preferences tab.
🔹 Finally, choose the Express mode from the bank feeds.

🔹 To begin with this method, you first need to deactivate the bank feeds.
🔹 After that, go to the Charts of Accounts list and pick out the account that resulted in the error.
🔹 Once done, choose the option named Edit account.
🔹 Then you need to choose the option ‘Set up the bank feeds’ and tap Yes.
🔹 Then you are supposed to exit from all the QuickBooks windows.
🔹 After that, you need to type the bank name whenever prompted.
🔹 Once done, hit click on the Continue button.
🔹 Then, fill in the bank name and password on the bank page.
🔹 The last step is to tap on the Connect option followed by hitting the Next button.

🔹 Start by opening the QuickBooks software.
🔹 Then head to the ‘Utilities’ tab and click on the option named Verify data.
🔹 After that, you are required to hit and click on the Ok button.
🔹 Having done the above step, tap on ‘rebuild’ if you find any issues in the given data.
🔹 If you want to rebuild data then you need to choose Rebuild data in the ‘Utilities’ tab and click the Ok button.
🔹 The next and final step is to save the backup.