The QuickBooks Condense Data tool is also known as the Condense Repair Tool, aids in the organizing of the Company data log. When you try to store the data file, you can get a machine error that prevents QuickBooks from compressing the ‘Data file.’ The QuickBooks Condense data tool is a repair tool that will help you fix the problem.
This article will go over the meaning, use, and features of the QB Condense data tool or Condense Data Utility.
About QuickBooks Condense Data Tool
Unlike the condense File Condense function in earlier versions, the latest condense feature in QuickBooks Desktop 2021 allows you to delete the audit trail, which reduces file size while keeping detailed payments intact.
If you have a large file that is taking up too much room, QuickBooks Condense data will help you shrink it without losing any info. The new version’s Condense function is also faster than previous versions.
Features of QuickBooks Condense Data Tool
QuickBooks Condense data tool features are given below:
It is not Reversible.
If you want to condense your company data file, make sure that the choice ‘Condensing’ is the right choice for you. It is not reversible once finished, so it is strongly advised to check out other solutions first. The following are some compelling reasons to use the ‘Condense’ feature:
- A substantial data file
- You’ve updated every piece of hardware you possess.
- You’re getting down to the limit of your list.
- It has been decided upon by your accountant and technical support as a required choice. They’ve ruled out any other possibilities.
In certain instances, file size reduction might not be possible.
If you pick ‘Inventory pieces,’ your list will not be reduced. As a result, only a small number of transactions can be Simplified with limited file size adjustment. Furthermore, transparent transactions are not compressed without impacting the File size.
Affect Numerous Reports
Numerous reports are affected differently by the Condense feature.
The account and item-based reports will be completely correct because the account entries will not be affected.
- Profit and loss account(accrual).
- Accounts Payable (accrual)
- Balance Test (accrual)
- Statement of Cash Flow (accrual)
Usage of QuickBooks Condense Data Tool.
For QuickBooks Desktop 2020 and earlier versions,
You now understand all of the functionality and effects that the Condense function has on the file and other reports. The next step is to figure out how to use the tool. There are several prerequisites to remember before starting the ‘Condensing the Company File’ process. There is a list below, and we will go through each one in-depth to help you understand the procedure:
- Locate the Transactions that aren’t Condensable
- Conduct the Study
- Prepare your company paper.
- Compare Reports can be saved.
- QuickBooks Desktop Business File Condensation
- The feature of the period copy.
- Compare the files before and after Condense.
QuickBooks Condense data tool is an amazing feature that is launched by Intuit. If you are facing any problem in using this, feel free to reach out to QuickBooks customer service on chat at our website.
Also Read:- QuickBooks Customer Service