QuickBooks Condensed Utility

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Quickbooks Desktop :- Using Condensed Data Utility

 


QuickBooks Condense Data

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Condensed data utility is a feature that is available on QuickBooks Desktop to get rid of list elements that are not needed by QuickBooks and are unused elements and it also Streamlines the company data file that is being used by QuickBooks into journal entries. Your account is affected by these changes in a same way that are affected by detailed transactions. To know more about condensing the the data go through this article carefully in order to understand better the process, limitations and method of doing it .

Important Note : If you are facing issues about the performance then this option of condensed data utility may surely help you .


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Knowing About Data Condensing

 


 

 

  • The Changes that are made will not be reversed.

 

 

Condensing can surely help you but before proceeding for condensing your data make sure that it is the best option for you and there is no other option that could help as changes make by condensing the data cannot be reversed and will remain there.

 

Here are the reasons why you should use condense utility:-

 

  • Your data file is very large

 

  • List limit being reached

 

  • Hardware Upgrade

 


 

 

  • Effect on the size of company file is not necessary it may or may not.

 

 

  • Mostly condensing affect the size of file as it removes the unused list entries and transaction details.

 

  • If Inventory items are being used then it won’t affect the size much as it won’t remove too much of the items.

 

  • Open transactions do not get condensed and file size remains same.

 

 

  • File Damages may not get fixed

 

 

If company file is being damaged then condensing may not help you and you should try data damage fix or contact QuickBooks Support or simply call at : 1800-470-6903

 


 

  • Some of the particular transactions listed below are not removed

 

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  • Reports That Get Affected

 

 

This list consists of reports that get affected :-

 

Reports that are based on Item and account

 

Entries on accounts do not get affected

 

  • Profit and Loss (accrual)

 

  • Balance sheet  (accrual)

 

  • Statement of cash flow  (accrual)
  • Trial Balance  (accrual)

 

Item based reports will be removed

 

  • Sales and purchase reports

 

  • Job costing reports

 

  • A/R and A/P aging reports

 


Reports based on cash

 

Cash basis reports for the condensed period of time will get inaccurate due to that not being linked as Cash out to expenses or cash in to income.


Reports that are filtered by means of class

 

Transactions that are being summarized by the utility are not assigned to class . Every profit & loss running by class report will be showing every amount in unclassified columns.


 

Sales Tax Liability reports

 

Sales tax invoices are no longer available. In a condensed journal entry  has its amounts credited to a income account,But QuickBooks is not able to recognize which part of income is taxable and which is not.


The Purchases and sales Detailed Report

 

Data for these report is drawn out   through items on Invoices,the items will be removed and reports will be seen blank.


The A/R Collection Report

 

The Reports of A/R collection will be shown under no name.The total is kept as zero because invoices in trivial file are already paid.

The A/R Aging reports are not shown on Condensed journal entries .


The Audit Trail Report

 

Since condensing deletes the transactions though transactions on audit report will be removes as well.


Reconciliation

 

  • As condensed journal entries are cleared transaction hence next reconciliation opening balance will be correct.

 

  • Check and deposits no longer exist and reconciliation reports may go wrong

 

  • As reconciliation may not exist statement may go wrong as well

 


 

 

  • The data for yearly comparison reports do not have complete data

 

 

Suppose that if  you running a Condense Data  as of 12/31/2015 and it is now 9/30/2016. Your current company file will not be  having the 2015 details and your archive copy do not have 2016 detail.

 

  1. By Exporting the  current data from your QuickBooks company file.

 

  1. Open the following Archive Copy* then you may export historical data.

 

  1. You may need to Combine historical data and current data in another program.

 


What to do before condensing

 

Finding Condensable Transactions

 

In QuickBooks Desktop Premier and Enterprise , reports can be run in order to see logic that is being used by program to determine the transactions that are not condensed.

 

In order to run the report:-

 

  • Open file menu,choose utilities and click on condensed data.

 

  • On the first window that appears choose Transactions before a specific date and enter the correct date.

 

  • In option which says Create a report showing which transactions cannot be removes.Just put a check mark

 

  • Click on next and select Summarize inventory transactions.

 

  • Choose the Inventory condensing method and hit next.

 

  • Select transaction groups to be removed and select next

 

  • Select option of Begin condensing

 

Preparing company file

 

  • Remove the closing date off your data file

 

  • Open Edit menu,select preferences

 

  • Choose accounting ,open company preferences tab.

 

  • Choose preferred date and password  in closing date

 

  • Delete the following present in closing date box.

 

  • Press ok.

 

  • Run profit and loss balance sheet

 

  • Re-sort the lists present

 

  • Run the rebuild and verify data utilities.

 

  • Copy company file somewhere as backup

 


During condensing

 

Reminders

 

During the condensing process it is recommended that you do not run any other program as it takes system performance if done it will slow the condensing process

 

If the file is on server you shall save it in a computer and run the condensing process

 

To Run the Condensed Data Utility

 

Period Copy

 

  • Open file menu, choose utilities and click on condensed data

 

  • On the next window select Transactions outside of a date range

 

  • In option of Remove transactions before and after input the correct dates.

 

  • In the wizard select preferred options  and choose help for assistance.

 

The Journal Entries

 

QuickBooks will be combining multiple transactions into journal entries dated based on  last day of month.


After Condensing

 

  • Go back and take out a print of these reports

.

  • Accrual-based Profit & Loss for all dates

 

  • Accrual-based Balance Sheet for all dates

 

  • Statement of Cash Flows

 

  • Get those reports compared to reports made before condensing in case any discrepancies are found you may :

 

  • Note the transaction which are causing  the difference in reports

 

  • Restore the backup that was made

 

  • And do any of the following:-
  1. Rerun the condensing after repairing the data
  2. Use backup data
  3. Get a QuickBooks Support Technician to help you by calling at: 1800-470-6903

 


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