Starting a new company file mid year

Starting a new company file is easy, ekusie.

The historical data will no longer be in your current file, but it will still be available in your old file. You can export lists, such as customers, vendors, and Chart of Accounts from the old file to the new file, so you will not have to set those up. A wizard will pop up and guide you through in setting it up. Here's how:

1. On your QuickBoooks Desktop, click File on the menu.
2. Select New Company.

Check these articles to learn more:

• When to start a new company file to replace my old file
• Start a new company file

I'll be around if you have additional questions.

@ekusie 

As additional note, should you have any transactions data to migrate between company files, you may utilize the trial period of these 3rd party tools

transactionpro.grsm.io/qbd

partners.saasant.com/affiliate/idevaffiliate.php?id=5051_2

Good luck!

How big is your company file?  Open QBs and hit F2.  Partway down on the left you will see the File Size.  Is it near or over 1GB?  (1000000K)

And if you do have a large file, rather than creating a new Company file, why not just purge the old info in the one you have.

First, make a copy of the current .QBW file and rename it from ComanyName.QBW to something like CompanyName-2020-04.QBW

Then open QBs and go to File, Utilities, Condense Data.  Pick a date to remove all transactions before X.  Mabe something like 01/01/2015.