Which tool is used in QuickBooks to track expenses and income related specifically to individual projects?

The tool specifically designed for tracking expenses and income related to individual projects in QuickBooks is the Projects feature. This functionality allows users to create and manage distinct projects, ensuring they can allocate income and expenses accurately for each one. By utilizing this feature, users can gain insights into the financial performance of their projects, track costs against budgets, and evaluate profitability on a per-project basis.

When you use the Projects tool, it becomes easier to associate transactions directly with specific projects rather than having them intermixed or misattributed within the general income and expense categories. This clarity aids both in reporting and in making informed decisions about project viability and future investments.

While job costing and expense reports also touch on related aspects of financial tracking, they do not offer the same focused project-oriented approach that the Projects feature provides. Time tracking may assist in capturing labor costs associated with projects but does not encompass all aspects of income and expense management specific to individual projects. Hence, the Projects feature is the most appropriate tool for this purpose.