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Can I run two different versions of Quickbooks on the same computer?

I do part-time bookkeeping for a couple of clients. The new client I just picked up uses Quickbooks 2006. I went and bought that copy. The problem is, my other client uses Quickbooks 2005. I send a copy of the backup file to my clients. I know that the 2006 version will not run on Quickbooks 2005, so if I run the file from the customer that uses 2005, on my computer, with the 2006 version, then send him the backup, he will not be able to use it. It seems that my only option is to run both versions separatley on my computer. Can I do this?

yes and no.
You can run 2 copies as long as you change the settings for each to install to different pats or folders of the hard drive and that the settings are so that each version only reads from its database. Usually during startup you can select advanced settings and there you should be able to change the destination folder for each program

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