Reporting services error "Logon failed. (rsLogonFailed)

Problem

I have reporting services running on my development machine (Windows XP SP2). After I change my system password reporting services reports are not rendered. Error message shown is “Logon failed. (rsLogonFailed) …”.

Solution

You need to change Execution Account for you Reporting services installation.

1. Run Reporting services configuration manager
2. Select Execution Account.
3. Enter and verify your password!