Learn How to Fix QuickBooks Error OL-222 By Yourself

Hello and bonjour! We invite you to discuss an error subject on QuickBooks Error OL-222 which has been an integral part of the QuickBooks software. As users, we ought to know what actually feeds into this error.

What are the formulations of QuickBooks Error OL-222?

Intuit designed & developed the QuickBooks suite and its several versions so that small to mid-scale merchants sustain at a low cost. However, in this very application, there are errors that not only halt the daily task but also threaten the loss of company files to other parts of the data. Besides, being accounting software, it also does a lot of other business components. Kindly, read the full article to understand the motive of the title.

Factors That Give Rise to the Bank Feed Error Message OL 222 in QuickBooks

Like any other errors atypical of QuickBooks, the error in the title also has some factors which propel it to appear. See some of the factors below:

• A scanning error received as a server response
• Unsupported characters in .QBW file that distinguishes Open Finance Exchange (OFX) standards (OFX defines the standards for exchange between the financial institutions and QuickBooks).
• Irregular formatting of QuickBooks company files may also result in QuickBooks banking error OL-222 

Causes of error code message OL-222

As we’ve seen previously, QuickBooks produces no error none for nothing. Some causes of the QuickBooks error OL-222 are cited here.

• Outdated QuickBooks Desktop version.
• The QuickBooks Company File inherits some kind of error.
• The error code may appear due to the third-party software conflicting with QFX operations. (Open Finance Exchange Standards)
• When the .QBO file name isn’t complying with the financial institution’s rules, this might cause the error.
• A weaker internet connection can also be the cause.
• There might be several invalid entities in the QBW file which is causing the error code.

Detailed Description of Error code OL-222 in QuickBooks

For the reader’s comprehension, all QuickBooks users are supposed to connect their bank accounts to it. The aim is to utilize all the transactions and monetary processes in the QuickBooks suite. There are times when QuickBooks fails to keep a connection to the users’ bank. The near possible reason that may be the root cause is that the bank servers are experiencing some issues and couldn’t revert the responses made by QuickBooks software. The users will observe an error message that says “QuickBooks is unable to complete the process…” every time they attempt to establish a connection to their bank servers.

QuickBooks Bank Feeds Not Working Issues & Problems

As a software, QuickBooks is efficient, however, when bank-related issues and problems occur, there is a list of things that you should pay attention to. They give you a cursory understanding of the problem and urge you to rectify them.

• The bank server that is added is nonoperating at the time of synchronization.
• If the users try to retrieve any particular transactions that it is older than a period of 90 days.
• When QuickBooks stop accommodating the bank and the user has an account inside.
• Due to the errors in synchronization with the QuickBooks accounting software and the particular bank account that has been going added.
• Your bank is dealing with issues, such as pending alerts on your bank feeds.
• There is an issue with the FI servers, or the bank data is not current.
• There’s an issue with the internet.
• Your company file inherits a problem with one or more bank accounts.
• QuickBooks does not approve the file from your bank.
• You’re working in an unsupported version of QuickBooks or an outdated version of Internet Explorer.

How to Update QuickBooks to the latest version

Before you implement any kind of resolve method, the users have to ensure that QuickBooks is updated to the latest release. One may achieve this by doing the following plan.

1. Browse for Help and select Update QuickBooks Desktop.
2. Select Update Now, then select Get Updates.
3. When the update finishes, close and relaunch QuickBooks. 
4. If it interrogates to install the update, select Yes.
5. When the installation finishes, restart your system.

For Mac:

1. Browse on the QuickBooksmenu and select Check for QuickBooks Updates.
2. Select Install and Relaunch.

QuickBooks Bank Error OL-222

This error QuickBooks Bank Error OL-222 broadcasts when downloading and importing a QBO file from the user’s bank. It shows a pop-up message on a screen like this “QuickBooks was not able to complete your request. Please contact your financial institution. (OL-222)”.

In a literal sense, QuickBooks is not getting the correct response from your financial institution's website as there is a scan error involved.

Quick Steps to Create a Backup of your QuickBooks Company File

If the users want to create a backup of the QuickBooks Company File, then they must follow this scheme;

1. Out of the File menu, select Back Up Data.
2. Catalog the backup location:
   1. Select Default Location backup to the default folder on your local drive.
   2. Select Specify Alternate Locationto backup to a network or removable drive.
3. Select Backup then Finish.

This aforementioned method should be enough to back up your QuickBooks company file. Plus, you’d need to restore the file to open the data.

FAQs

How do I fix QuickBook's unable to verify the financial institution?

If the QuickBooks software is unable to verify the financial institution, try out the plans below:

Step 1: Proceed with downloading the Web Connect file

Step 2: Verify the QBO file from the bank

Step 3: Check the bank notifications

Step 4: Start switching banking modes

Step 5: Generate a test file

How do I import a Web Connect file into QuickBooks?

For those who are looking for how to import a Web Connect file into the QuickBooks platform, the solution is given here:

1. Download the Web Connect file from the financial institution. This file will have a QBO as an extension.
2. In QuickBooks Desktop, head for the File menu then click Utilities > Import > Web Connect Files…
3. Select the QBO file you saved in Step 1 and then click Open.
4. When prompted to Select Bank Account:
   • If the account is already set up, click the Use an existing QuickBooks account radio button then from the drop-down menu, select the appropriate bank account.
   • If it is not, click the Create a new QuickBooks account radio and enter the bank account name.
5. Click Continue.

When the import is complete, go to the Bank Feeds Center to review your transactions.

What kind of files can be imported into QuickBooks?

QuickBooks when it comes to files has a different way into extensions. It will work only on chosen extensions and would fail to load if it is otherwise. Hence, the limited extensions are mentioned underneath.

• CSV file: It’s a common file format used for text files that contain tabular data. In CSV files, each field of text is separated by a comma, semi-colon, or other special characters.
• XLS/XLSX file: XLS is the file format of Microsoft Excel 1997-2003. Microsoft Excel 2007 and newer versions use the XLSX file format.
• Google Sheets: A cloud-based spreadsheet created in Google Drive.

Afterword

We can say that this article has been profitable for you to understand the QuickBooks error OL-222 and its total character of it. Our conclusion point would be to constantly look for newer upgradation of the software and a strong internet connection.