Most Common Banking Issues with QuickBooks Software & Process of Fixing Them

Common Types of QuickBooks Banking Errors

Here are the list of most common Banking Issues with The QuickBooks Desktop & Online:

1. Bank Connectivity Issues

• Problems connecting QuickBooks to the bank’s server.
• QuickBooks Online Banking Connection Error #101
• Outdated bank login credentials.
• Bank Feeds not Working or Bank feeds not Working after upgrade
• QuickBooks unable to connect with HSBC bank
• Bank’s website experiencing downtime.
• “Unable to Verify Financial Institution” in QuickBooks
• Error 9999 When Updating Bank Transactions in QuickBooks Online
• QuickBooks Error 103, Error 105, Error 102,

2. Error Codes Specific to Bank Feeds

• Errors like OL-202, OL-301, OL-393, OLSU-1043 or OL-232 indicating issues with the bank feed.
• Financial institution server issues.

3. Transaction Download Errors

• Missing transactions in the bank feed.
• Duplicate transactions downloaded.
• Incorrect transaction data imported.

4. Authentication Errors

• Incorrect or outdated bank login credentials.
• Multi-factor authentication (MFA) failures.
• Authentication Errors like; Error 108, Error 185,
• Lowes Synchrony Bank Card Login Issue

5. Bank Rules and Matching Errors

• Misclassified or incorrectly matched transactions.
• Bank rules causing incorrect categorizations.

6. Update-Related Errors

• Using an outdated version of QuickBooks.
• Failure to update the bank feed.

7. File Import Errors

• Problems importing files like QBO, CSV, or OFX formats.
• Incompatible file formats or corrupted files.

8. Account Configuration Errors

• Incorrect account mapping in QuickBooks.
• Duplicate bank accounts linked.
• Facing Reconciliation Errors in QuickBooks
• Unable to Undo Reconciliation in QuickBooks Online

9. Third-Party Integration Errors

• Conflicts with third-party apps managing bank feeds.
• Synchronization issues.

10. Regional Restrictions

• Banks not supported in the QuickBooks region.
• Currency and localization-related issues.