Archiving and condensing

Apr 12, 2006 1 Replies

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TObject 20 years ago

I tried the QuickBooks 2005 archiving and condensing function for the first time today. To my dismay, after condensing, balances on several of the accounts changed. I quickly restored the backup file, for now, and I am looking for tips and recommendations on how to do condensing properly.

Should I condense, and then add manual adjusting entries, or is there something that I am missing in the process?

TIA

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Mike Block, QuickBooks CPA 20 years ago

I suspect the change might relate to looking at old and new transactions without making sure both were cash or both were accrual. Besites that, try a Condense / Cleanup as of a very old date, without checking the boxes to eliminate any accounts, etc.

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