Choose the best answer: When setting up a company in QBO for the first time Question 6 options: No real planning is required because QBO comes pre-packed with everything required in a ready-to-go configuration for any business. All historical accounting records should be imported Keep in mind that QBO's default Chart of Accounts cannot be modified. It is important to become familiar with the business in order to plan appropriate general ledger accounts and the use of Sales Tax, Inventory Tracking and other features