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Yes it is possible.

If you are good with software and are a do-it-yourselfer, check out the the instructions by Karl Irvin (a QuickBooks 3rd party developer} at http://www.q2q.us/How%20to%20start%20a%20new%20QuickBooks%20file.htm Karl develops and sells the tool you need to start a new file with 2 years of data, and they are inexpensive.

If you aren't a do-it-yourselfer, you will need to hire someone who specializes in this type of service, check out either of these websites

http://www.qbornotqb.com/services.html

Or

http://quickbooksusers.com/file-shrink.htm

OR

http://bottomline-sb.com/home/index.php/page/home_page

All of the people/websites mentioned are reputable.

I hope this helps.

 

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