This feature, available only in the Accountant Edition of the 2012 software, is similar to the Condense Data utility already available. The main difference is the ability to also condense transactions after a certain date as well, leaving open for detail viewing only a specified period.
To prepare for this recipe, simply make sure that your books and records are complete for the applicable time period.
2. Select transactions outside of a date range.
3. Select the range for the dates for which you want to retain the detail in the QuickBooks file.
4. If you are planning to run monthly or quarterly comparative reports for a period which you plan to condense, select the option to create a summary journal entry for each month. Otherwise, select one summary journal entry, in order to preserve opening balances for the uncondensed, detailed period.
5. Continue to follow the wizard to determine the types of...