Thank you, @No_UserName_Needed, for reaching out. I'm here to address all the questions you have. Let's dive into each query and ensure you have all the information you need.
In QuickBooks, total targets represent individual lines within transactions, like those in invoices or bills.
When condensing a large file in QuickBooks, the aim is to reduce its size by removing outdated transaction details while preserving all essential data intact. It's important to note that condensing your data can impact various reports differently.
While account-based reports remain accurate, item-based reports may lose data, and cash-based reports could become inaccurate for the condensed period. Additionally, class and sales tax reports may display unclassified amounts and inaccuracies in sales tax calculations post-condensation.
It is important to reconcile all accounts, print all reconciliation and discrepancy reports, or save these reports in PDF format before proceeding with data condensation. It should be noted that the condensing process is irreversible, and hence, it is essential to back up your data to ensure that you can restore it if necessary.
This step is necessary to safeguard your information in case of any issues during or after the condensation process.
You can also read this article for the complete details: Use the Condense Data utility.
After setting everything up, you can efficiently manage QuickBooks Online to keep your books running smoothly. To assist you throughout the process, I have added some helpful articles:
If you have any further questions or need assistance, feel free to reach out. Your diligence in preparing for this transition is commendable, and I'm here to support you every step of the way.
