QuickBooks Condense Data Error

QuickBooks Condense Data Error

QuickBooks manages everything from accounting and payroll to tracking and maintaining inventory. While the software is very effective and efficient in helping you to run your business. But at times there are also problems that you might encounter, just like “QuickBooks Condense Data error“.

What is QuickBooks Condense Data

This is one of the errors that you encounter while trying to archive your data. It is one of the most crucial errors that demands your immediate attention. Even if you have a bit of technical know-how of QuickBooks, then you would be able to sell through. But if you don’t want to go through all the hassle then we suggest connecting with QuickBooks Consultant now.

So, first thing first, the data error message that you see is because the software is not able to condense the data files that you want to verify or rebuild during archiving. If you are unsure of how to go about it, do contact our QuickBooks technical Consultant team at AskforAccounting.

Steps on How to Condense the QuickBooks Company File?

  • Select the file – > Utilities -> Condense Data Command.
  • Before setting the specific date radio button you should select the transactions.
  • Select the remove transaction before the date.
  • After ensuring the transactions that QuickBooks should remove, click next.
  • Decide and specify how you would like the inventory transactions should be condensed and then click next.
  • Identify the transactions that should be removed and click on next.
  • Determine any list cleanup that you should like to do and then click on next.
  • Ensure and confirm the condensing and archiving operation.
  • Click on begin to condense.
  • When prompted, back up the data file.

What are the Symptoms of QuickBooks Condense Data Error?

  • Freezing of QuickBooks Condense
  • QuickBooks is unable to run Clean Up Utility program.
  • The transaction is on hold as the transaction has not been paid
  • Transactions are on hold as funds are not deposited
  • QuickBooks software faces a system error while trying to archive data files.
  • QuickBooks will condense the data. This error is unspecified.
  • QuickBooks program faced an error and was unable to condense successfully. Your company file has been restored to its old state.

How to Fix QuickBooks Condense Data Error

QuickBooks Condense Data Error

Faced with QuickBooks condense data error…!

The damage can be rectified for the QuickBooks Desktop in the same way that you would do for Mac or Windows. The following steps will give you the knowledge on how to resolve some minor data issues that you have with the company file.

Total Time: 15 minutes

Step 1:

🔹 If the payroll transactions condense date is before 12.31.2017.

Step 2:

🔹 In case the employee’s W2 is not checked in the payroll transaction.

Step 3:

🔹 If there is incorrect linking between payments, refund checks, credit memos, and invoices.

Step 4:

🔹 If the payments that had been recorded as un-deposited funds have not been deposited to any linked bank accounts.

Step 5:

🔹 If there is a wrong linking between bills, bill credits, and bill payment checks.

Step 6:

🔹 Delete the estimates that are linked to invoices. This is because they are non-posting material and hence cannot be condensed into journal entries that are to be posted.

Step 7:

🔹 To pay the sales tax, use the ‘Pay Sales Tax Screen’. It is recommended because if you pay sales tax using checks then it will leave the invoice open. Make sure that the same amount and date are written on the checks, as you would have to reconcile the sales tax payments.

Step 8:

🔹 If the dates are different between invoice, payment provided, and condensing then the transaction will become non-condensable.

Step 9:

🔹 This will happen because the payment is not within the condensing period. Also, the invoice will not get condensed because it is linked to a non-condensed transaction.

Even after ensuring and following these steps if you are unable to resolve the issue, run the QuickBooks condense repair tool, and do contact our QuickBooks error Consultant to help you in troubleshooting the error.

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