Hi and Welcome to

This issue is caused by a damaged component of Microsoft .NET Framework 2.0.

Please follow these steps to uninstall .NET Framework 2.0 and reinstall .NET Framework 2.0 with Service Pack 1.

Uninstall and reinstall Microsoft .Net Framework 2.0:

1. Click the Windows Start button and select Run.
2. Enter control in the Open field and click OK.
3. Double-click Add or Remove Programs.
4. Select Microsoft .NET Framework 2.0 in the list of programs and click Remove.
   
   If you are unable to remove .NET using these instructions, download and run the dotnetfx_cleanup_tool utility to remove .NET 2.0, download .NET 2.0 SP1 from the links below, and reinstall Microsoft .NET Framework 2.0 SP1.
   
   Click here to download the dotnetfx_cleanup_tool.
   
5. Download and install Microsoft .Net Framework 2.0 SP1 from the Microsoft Web site:
   Microsoft .NET Framework 2.0 Service Pack 1 (x86)

Restart and reinstall Quickbooks.

Hope this helps.