Does quick books follow GAAP or IFRS?

Welcome to the Community, @zainab_shamsi-ho.

I'll make it up to you by providing some information about the accounting standards.

QuickBooks follows an accounting standard depending on the country. Some countries haven't fully adopted the IFRS yet such as the United States of America. Thus, they have their own accounting standard called Generally Accepted Accounting Policies (GAAP).

The main difference between the two is that IFRS is principle-based and allows more flexibility, while GAAP is rule-based, more rigid, and allows less room for interpretation.

This reference can give you more insights about it: Guide to International Financial Reporting Standards (IFRS): What is IFRS and what are the requirements?

Let me know how else I can help you with QuickBooks-related tasks by adding a comment below. I'll always be ready to assist you. Stay healthy and hydrated.