In QuickBooks Desktop (QBDT), rebuilding the company file is an important tool for resolving data integrity issues, such as transaction and list errors in your file. It will not affect your current data, @ljm11. I'm here to help clarify this for you.
The error code you've encountered usually occurs when there are damaged links between transactions or the transactions themselves. Rebuilding the company file is a reliable tool to fix any data issues within your QuickBooks file. It helps identify and resolve errors you might be experiencing, ensuring that your data remains accurate and your financial reports are trustworthy. Rest assured that rebuilding is intended to preserve the integrity of your existing data.
Before starting, create a complete backup of your company file to ensure you can restore your data to its last known good state if anything goes wrong, even though that's quite rare.
I also recommend reviewing the following article for guidance on resolving issues related to the restoration of your backup company file in QuickBooks Desktop: Fix backup company file issues.
For future reference, you can visit this article to learn how to update your company file to a newer version: Update your company files to a new version of QuickBooks Desktop.
If you need any further help with the backup or rebuilding process, please feel free to reach out. We’re committed to ensuring you have a smooth experience and feel confident in your data management.