Quickbooks condense data8/13/2023 The time depends on your company file size and complexity and the system resources available to QuickBooks. Give the Condense Data Utility enough time to complete.When you have fixed as many transactions as you can, skip the next section and continue preparing for the Condense. When the report populates, work through it fixing every transaction that you can. BIG NOTE This does not start the Condense: it starts the report. Click Next and click the Begin Condense button.Click Next and select the unused list entries you wish to be removed.Click Next and select the transaction groups you wish to be removed.Click Next and select the radio button Summarize inventory transactions (recommended). Click Next and select the radio button Create one summary journal entry (recommended).Put a checkmark in the checkbox labeled: Optional: Create a report showing which transactions cannot be removed.In the first window of the wizard, select Transactions before a specific date and enter the appropriate date.In the menu bar, select File and then Utilities and then Condense Data.The invoice no longer appears on the report, nor do all of the transactions that it was blocking.Click the Apply Credits button to link the invoice to existing credits.Click the link and bring the invoice to the screen,.An invoice shows as unpaid on the the report.You can print the report and work from the print out or you can work from the screen display using the links. Each non-condensable transaction has a link with which you can bring the transaction to the screen. This report shows the logic QuickBooks uses to determine which transactions it will not condense. This report is new in QuickBooks Premier 2012 and QuickBooks Enterprise Solutions (QBES) V12. The payment is not condensed because it is outside the condense period and the invoice is not condensed because it is linked to a transaction that is not condensed. Suppose you enter an invoice for, then enter a payment on and then run the CD U through. Transactions linked to a non-condensable transaction.You will have to reconcile the sales tax payments. Be sure to enter the same dates and amounts as on the checks. Paying sales tax with checks leaves invoices open. Estimates are non-posting and cannot be condensed into journal entries which are posting. Bills, Bill Credits and Bill Payment Checks not properly linked to each other.Payments recorded to Un deposited Funds that you have not deposited to a bank account.Invoices, Payments, Credit memos and Refund Checks not properly linked to each other.Payroll transactions if the condense date is before 12/31 or if an employee’s W2 is not reviewed.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |