What are the steps to restore a company file from a backup copy?

To restore a company file from a backup copy, the correct process is to choose the option that allows you to open or restore a company file, as this method guides you through the necessary prompts to locate and select the backup file.

When you select "File > Open or Restore Company," QuickBooks provides a step-by-step interface that helps ensure you are correctly identifying the backup file you wish to restore. This includes navigating to the location of your backup file and confirming your choice, which is essential for a smooth restoration process. The prompts also help prevent common errors that could occur if the steps were skipped.

Other options, while possibly relating to file management, either do not specifically address the restoration process or lack the structured guidance that the chosen answer provides. For instance, merely backing up files or using a utility option does not directly facilitate the restoration of a company file from its backup.