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In Chapter One, students will learn how to set up a new company in QuickBooks. The tutorial outlines a step-by-step process for this setup, emphasizing key elements to enhance the company's initial setup. The topics covered include creating a new QuickBooks Online company, customizing company settings, importing lists, enabling sales tax, and setting up users. After receiving a welcome email from the Intuit education team, students will follow instructions for the initial setup of their company file. Additionally, it's recommended to have the Google Chrome web browser installed for optimal use of QuickBooks Online, with further instructions to be detailed in the tutorial.