You have a customer who hires you to work on several projects. How do you keep the sales and expenses for each project separate?

Selecting the "Track separately" checkbox on invoices for each job enables you to maintain a clear distinction between the sales and expenses related to different projects within QuickBooks Online. This functionality allows you to categorize and report on the financial performance of each individual project, rather than blending all transactions under a single customer profile. By having separate tracking for each project, you can easily analyze profitability, manage costs, and generate reports specific to those projects, making it simpler to deliver accurate financial insights to your customer.

Creating different customer profiles for each project could lead to unnecessary complexity and duplication, resulting in inefficiencies in managing customer relationships and financial data. Using separate accounts for each project is not the most streamlined approach and could clutter your chart of accounts. Manually logging each transaction for every project is time-consuming and prone to errors, detracting from the efficiency that QuickBooks is designed to provide. Thus, the best approach in this scenario is the ability to track each project distinctly through the invoicing feature.