The Condense Data utility
QuickBooks Help
From the article: The Condense Data utility stream lines your company data file by condensing closed transactions into summary journal entries and removing unused list elements. The utility can create a journal entry for each month in the selected period. The summary journal entries affect your accounts in exactly the same way as did the detail transactions. … and more
Related article: Condensing your QuickBooks Desktop File for Import to QuickBooks Online
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