QuickBooks Error Code 1016

About QuickBooks Error Code 1016

Error Name:	Error 1016	Developer:	Intuit Inc.
Error Description:	It is an OL and OLSU Bank Form-related error that occurs most of the time when you try to access the form.	Software:	QuickBooks
Cause:	Changed their services offerings, Web Connect or Direct Connect., Enabled to be used for Online Banking could be inactive.	Applies to:	Windows XP, Vista, 7, 8
Symptoms:	QuickBooks Desktop won’t respond or work, Windows operating system got frezon	Possible Solution:	Internet Explorer and ensure that it is updated to the latest version., USE TLS 1.0 (uncheck it) and USE TLS 1.2 (check it).

QuickBooks is known for its remarkable services. Being an accounting software, it encompasses all the needed services to help you run your finance department without much manpower. It keeps track of your inventory, payee list, payrolls, tax tables, invoices, employee details, and much more. It is used by millions of users across the world. However, some errors could create great problems for you if not taken care of.

QuickBooks Error Code 1016 is one such error that hinders your accounting processing for good unless resolved. Our Accounting Errors help team is here to bring you the best possible solution for the aforementioned error on your Windows Operating Software-based system.

QuickBooks Error Code 1016

What sets QuickBooks Error Code 1016 apart from the rest of the errors is its origin. It is an OL and OLSU Bank Form-related error that occurs most of the time when you try to access the form.

What causes QuickBooks Error 1016?

There are several reasons which cause this error on your Windows Operating Software-based computer system:

• Sometimes the error occurs because of some problem with your Bank, which at times is referred to as your financial institution.
  1. They could have changed their services offerings, Web Connect or Direct Connect.
  2. The name of the bank could’ve been changed because of the bank merger. It requires you to refresh your QuickBooks.
  3. The account enabled to be used for Online Banking could be inactive.
  4. The servers of the bank aren’t reachable.
• Problem with the internet connection.
• Error in the accounts registered in the company file.
• Corrupt download/import format.
• Using an obsolete version of either Windows OS or QuickBooks Desktop.

Resolving QuickBooks Error 1016

By following these easy steps, you should be able to resolve the error in no time:

1. First Solution: Try to enable TL1.2 Protocol on your Internet Explorer.

• Go to Internet Explorer and ensure that it is updated to the latest version.
• There will be a Gear Icon in the upper-right section of Internet Explorer. Click on it.
• Access Internet Options and then click on Advanced Tab.
• Get to the Security option on the list.
• You will see two options there: USE TLS 1.0 (uncheck it) and USE TLS 1.2 (check it).
• Select Apply and hit Ok.
• Shut down any program that is running, and restart the computer.
• The error is gone.

See Also – How To Fix QuickBooks Error 15215?

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