Final answer:
The QuickBooks Desktop setup window not only assists in creating a new company profile but also allows for the customization of financial settings, bank account setup, and managing user permissions.
Step-by-step explanation:
The QuickBooks Desktop setup window, beyond allowing the user to select the method of new company set up, serves several other functions. It allows the user to customize the company's financial settings, for instance, to track and manage sales tax, set up bank accounts, and define credit card accounts. Additionally, the setup window helps in managing users and their access permissions to ensure that sensitive financial data remains secure.
QuickBooks aims to provide a user-friendly interface that makes it simpler for entrepreneurs to handle their day-to-day accounting needs. Furthermore, the setup process in QuickBooks guides the user through entering basic company information and tailoring the software to their specific industry needs by offering a series of prompts.