M1 - Monterey or MacStudio Pro users and QuickBooks?

So I am going to help setup a new MacStudio Pro (when it arrives?) and friend’s apps should be no brainer since all cloud based (Adobe, Office, etc). Except Quickbooks (currently her version is 2016).

She can get 2020 installation but will that work? Anyone have any issues (I thought if it worked on BigSur, it should work on Monterey? And M1? Their website wasn’t clear other than "Chat with us! Upgrade to 2022)