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Error: Application failed to start because side-by-side configuration is incorrect

When installing QuickBooks, the following error message is displayed:

Application failed to start because side by side configuration is incorrect.

Why this is happening

Microsoft Visual C++ is damaged or missing.

How to fix it
KB ID# SLN41210
7/24/2016 7:39:05 AM
QYPPRDQBKSWS08 9132 Pro 2016 01ec04