Final answer:
The QuickBooks Setup Wizard is a tool that helps in creating a company file, setting up default accounts based on the industry, and configuring QuickBooks Preferences for new users or new company files.
Step-by-step explanation:
The QuickBooks Setup Wizard creates a company file, sets up the default accounts based on industry type, and walks you through a step-by-step process of setting up QuickBooks Preferences. This tool is essential for those new to QuickBooks or setting up a new company file within the software. By answering a series of questions, the wizard helps in customizing the experience and ensuring that the accounting needs of the business are met. From choosing the correct industry to tailoring the chart of accounts, this process is designed to simplify the initial setup and reduce potential errors.
In QuickBooks (QBs), the EasyStep Interview creates a company file, sets up the default accounts based on industry type, and walks you through a step-by-step process of setting up QBs Preferences. This interview is designed to simplify the setup process for new users by guiding them through important setup steps.