Welcome to the QuickBooks Community, @scottrussell.
Yes, Condense Data utility will reduce your file’s overall size and still keep all your data and details. It also helps to minimize the risk of data damage. Thus, this process is irreversible, you may need to create a backup copy of your file before condensing.
Additionally, If you're using your company file through a network, you need to run the Condensed Data Utility on the computer where it is stored. If on the server you'll need to copy the data in your PC and switch to single user mode. Once finished, copy the data on the server.
Here's how to Condense your data:
- Go to the File tab.
- Select Utilities.
- Click Condensed data.
For more information, please refer to this article link: Use the Condense Data utility. This article will further discuss the things you need to know about the condense process.
Feel free to leave a comment below if you have further questions. I'll be around to help. Stay safe and take care always.
