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Now I read in help that I can archive older tasks, items or projects.
If I will start with an empty new database in future can I carry out following workflow ?

a) Archive database on 2012-12-31.
b) I define this date in open OF database.
c) A archive OF database will be created on my harddisk.
d) I delete in open database all older tasks, items or projects.
e) I work with the fresh empty database

Hope I have write the right workflow.