Final answer:
The two QuickBooks Online settings to set up a new company are the Chart of Accounts and Company Settings. The Chart of Accounts lists all the accounts used to record financial transactions, while Company Settings allow customization of various configurations.
Step-by-step explanation:
The two QuickBooks Online settings to set up a new company are the Chart of Accounts and Company Settings.
The Chart of Accounts is a list of all the accounts used by a company to record its financial transactions, such as assets, liabilities, income, and expenses.
The Company Settings in QuickBooks Online include various configuration options to customize the company's settings, such as the company name, address, currency, fiscal year, and preferred language.