Good day kmack39090!
Thank you for reaching out to the Community!
Right now, there's no option to archive your data in QuickBooks Desktop. You can condense your data file so that all the closed transactions will be converted to journal entries. Here's an article that contains steps and information on how it works in QuickBooks Desktop: https://community.intuit.com/articles/1020499.
You can also create a company file from your existing company file, starting with your fiscal year so that you won't have to start over. By doing this, the lists and Chart of Accounts will be saved but the balances and the old transactions will not be included. Here's the steps on how you can do it in QuickBooks:
- Click File.
- Select New Company from Existing Company File option.
- Follow the onscreen instructions, and click Create Company.
I hope this helps. If not, feel free to let me know. Thanks.
