QuickBooks application is known to make the tasks of users as efficient and quick as possible. Its features are designed to cater to the accounting needs of businesses, and one such famous and reliable feature is Online Banking. Online banking allows you to connect your bank account or even the credit card account to QuickBooks. As a result, instead of manually filling in the transaction of the account to QuickBooks, they can be downloaded and directly added to the QuickBooks application. During this operation, users can come across QuickBooks error OL 334. What is causing this error, and how to resolve this? If you are looking for answers, you are at the right place. Follow the steps listed in this blog to remove this Bank Feeds error OL 334 manually.
If you have already tried various ways and now want a quick route out of this issue, call the support team on 1.800.417.5147. They can assist you with details on the error and what your next step should be
What is Causing the OL-304 bank Feeds Error in QuickBooks?
No error occurs out of thin air, and there is always a reason for the occurrence. Therefore, we will look at what triggered the OL-304 bank feeds error, and you must use this listicle to eventually find the right way to resolve it.
The following issues are happening with your bank leading to QuickBooks error OL 334.
- Your online bank account has sent some critical ignored alerts, and you must acknowledge them.
- The service offered by your bank has been modified to Web or Direct Connect.
- The online banking account you have connected to QuickBooks is active.
- You have outdated bank details in QuickBooks’s Financial Institutions Directory (FiDir).
- Server errors are a common reason for QuickBooks error OL 334.
- An unstable Internet connection can cause unwanted errors in Bank Feeds.
- Usually, an error in one bank account can disrupt others.
- The downloaded bank file does not meet the requirements of QuickBooks.
- Your Internet Explorer is not updated to the latest version.
- The version of QuickBooks you have on your system is not supported.
4 Solutions that Aid in Fixing QuickBooks error OL 334
QuickBooks error OL 334 can be resolved using solutions based on the reason for the error. Below are expert suggested ways that will eliminate the error from the QuickBooks application.
Solution 1: Revise the outdated version of QuickBooks
The traditional way to resolve any error is to update the software to the latest release. To resolve bank feeds error OL – 334, we suggest you update the QuickBooks application, and here is how.
- If you have QuickBooks and company files open, close them.
- Now, navigate to the Windows Start menu.
- In the search bar, type QuickBooks to look for QuickBooks Desktop.
- On the application icon, right-click and choose the Run as administrator option.
- The above steps will lead you to the No Company Open screen.
- You must click the Help menu and select the Update QuickBooks Desktop option.
- Click on the Options tab.
- Choose Mark All and then the Save button.
- Select the Update Now tab.
- Ensure that you mark the Reset Update checkbox to select it.
- Finally, hit the Get Updates button to start the update process.
Solution 2: Review the extension of the downloaded transaction
As discussed in the above section, one primary reason for the occurrence of QuickBooks error OL 334 is the incompatibility of downloaded bank file with QuickBooks. Hence, if that is the cause of the error, we will guide you on how to download the correct file with supported file format and accordingly resolve this bank feeds error.
The downloaded transactions with a .qbo file extension are compatible with QuickBooks. However, a file with any other extension will lead to errors as it is inaccessible.
We suggest you follow the steps given below to download transaction files straight from your financial institution’s website.
- Instead of using QuickBooks to sign in to your bank’s website, use your web browser for this process.
- After logging in, look for your bank transactions and download them with the .qbo file.
- Next, you must import these downloaded transactions to QuickBooks.
If the .qbo file is still not opening in QuickBooks, an issue lies with the bank.
Solution 3: Check your Internet Explorer’s TLS Settings
To assure that your sensitive data is safe when connecting to your bank, the Internet Explorer web browser and QuickBooks application utilize the TLS 1.2 security protocol. By following the steps below, you can ensure that the settings are correct and they aren’t leading to QuickBooks Error OL 334.
- Open Internet Explorer and go to the Tools menu.
- Choose Internet options.
- Select the Advanced option.
- Scroll down the screen to reach the Security section.
- Ensure that TLS 1.2 is checked. If not, you must turn it on.
- Hit the OK button.
- Now you must restart your system but before that, close all the running processes.
- Again try to complete the process of downloading your transactions.
Solution 4: Refresh the bank connection on the accounts affected
As the first step to this solution, it is vital to turn off the inactive bank accounts and then refresh the bank connection. This is how you look for inactive bank accounts.
- Navigate to the Company option.
- Choose Chart of Accounts.
- Click on the Include Inactive box.
- You must locate the inactive accounts that are accompanied by the lightning bolt sign.
Now that you have a list of inactive accounts, follow the steps given below to turn off online banking for these accounts.
- Highlight the inactive account and right-click on it.
- Choose the Edit Account option.
- Navigate to the Bank Feed Settings tab.
- Pick the Deactivate All Online Services option.
- Hit the OK button.
- Press Save & Close.
- Close the company file and then re-launch it.
- Review that the lightning bolt sign is gone next to the accounts.
Still Facing QuickBooks Error OL 334
Our guide on resolving QuickBooks error OL 334 ends here, and we hope the solutions listed in this article served the purpose and you don’t have to see this bank feeds error again. In case the error persists, our experts suggest reaching out to them to avoid further corruption or loss of data. Dial the toll-free number 1.800.417.5147 now.