OLSU 1011 error message

My bank Direct Connect rep suggested I deactivate my checking account and reactivate because I was having problems downloading some transactions. Now when I go to set it up again I get the OLSU 1011 error. One of the solutions involves find the fidir.txt file and changing the .txt to .old, but I can't even find that file.


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I had the same problem, and after five hours on the line with Intuit doing every possible fix imaginable, here's what we discovered.

If you have your Company Preferences set to Classic Mode (Register Mode), Quickbook feeds in 2014 R3 will continue to work. HOWEVER, if you disable bank feeds and try to enable them again with your company preference in Class Mode, YOU WILL GET OLSU 1011. 

Solution:  to enable a G/L bank account for bank feeds, simply change the company preference from Classic Mode to Express Mode.  After you get the bank feed set up, you can return to Classic Mode with no problem.

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