Question: You are setting up QuickBooks for the first time for a company that was established in 2001. During the Advanced/Detailed Setup, what should you enter as the start date?

1. Enter "January 1, 2001", since the company has been in business since 2001.
2. You don't need to enter a start date. QuickBooks automatically assigned the start date when you created the company.
3. You don't need to enter a start date. QuickBooks will automatically assign it when you begin entering data.
4. The date on which you plan to begin using QuickBooks.

Answer: The correct answer of the above question is Option D:The date on which you plan to begin using QuickBooks.