Hello, 1lbrenner81.
Thank you for reaching out to the Community. First, let's set up and create project in to track your project’s profitability. You can add project income, expenses, and labor expenses, add old transactions to new projects.
Second create a new project. I'll show you how to do it:
- Select Projects.
- Tap New Project.
- In the Project Name field, enter the project name.
- Click the project customer from the Customer drop-down.
- Add any notes or details about the project in Notes.
- Press Save.
Third, add new transactions to a project like invoices, expenses, or estimates directly into your project. Adding transactions to projects won’t change how they’re categorized or affect your accounts. You’re simply marking them as a part of the project so you can track a specific project’s income and expenses.
- Select Projects.
- Tap your project.
- Hit Add to project to create a new transaction.
- Choose Invoice, Receive Payment, Expense, Estimate, Time, or Bill.
- Fill out details for the transaction like you normally would.
- Press Save and close.
Lastly, add existing expenses to a project. If you have existing expense transactions that you've already added to QuickBooks like bills, checks, expenses, or purchase orders, here's how to add them to your project:
- Go to Expenses.
- In the Expenses tab, find and open the transaction you want to add to your project.
- In the Customer/Project column, select the drop-down. Then select the project. Do this for each expense item you want to add to your project. This is different from the payee for the expense. Note: If you don’t see the Customer/Project column, you can turn on the setting “Track expenses and items by customer” in the Expense section of your QuickBooks....
- Press Save and close.
I've added here a link that you can check through about Track income, costs, and profitability by project in QuickBooks: Set up and create projects in QuickBooks Online.
We'll be around if you have any other concerns. Have a good day and stay safe!
