How to create a “period copy” in QuickBooks?

The Period Copy feature is designed to allow users to make a copy of their QuickBooks file that includes ONLY the data they wish to share. A period copy is a Condensed version of your company file that only contains data for a specific period.
The “Period Copy” in QuickBooks Premier Accountant Edition and QuickBooks Enterprise Solutions allows you to share data for a specific time period with others, such as banks, investors or the Internal Revenue Service. Until this new feature, businesses had to hand over a copy of the entire QuickBooks file to interested parties.
The Period Copy is part of the Condense Data Feature, which is accessed from the File Menu under Utilities. As with any Condense Data activity, budget information may be removed during this process. For the purposes of the Period Copy this is not typically a concern.

To create the Period Copy:
⦁ Select the transaction dates for the period you want to keep in the Condense Data window.
⦁ Click Next and select the Preferred Summary Journal Entry format.
A single summary journal entry is recommended but monthly entries can also be created. There is also an option to bypass the creation of summary journal entries altogether. This option will result in inaccuracies in the company’s financial results and would require manual entry of beginning balances. You can also elect to summarize inventory transaction information and remove various types of other transactions and unused list entries.
Once you’ve indicated the settings of the Period Copy click “Begin Condense” to create the new file.
Note: The transactions and list entries that will be removed when a period copy is created is the same as when you create an ordinary Condensed file.


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