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GP 10 Data Archiving

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Hi All
 
Lets assume for a moment that I have 10 years of company data and I would like to archive 8 and keep 2.
 
Is there a way this can be achieved? If ~yes please tell me what's the best practice.
 
 
I personally think we can only start a new company and bring over the opening balances and some open transactions.
 
Has anyone ever  tried to delete data from some key transaction tables based on a date range and then perhaps running checklinks to see if data integrity is maintained?
 
Cheers Martin

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