We run several education projects simultaneously. Is it feasible to account for the income and expenditure for such a project by title?

I'm thrilled to have a new member joining us today, anthony. I'll provide some information of accounting the income and expenditures by project.

There are a few considerations to keep in mind. First, you can easily track revenue, expenses, and profitability for each project. This will enable you to identify which projects are profitable and which are not. Second, all project-related transactions, such as invoices, will be consolidated in one place, simplifying the management and reporting for each project. However, if you have an active project associated with a customer, you cannot make that specific customer inactive.

It's important to remember that accounting for income and expenditures by projects in QuickBooks Online (QBO) can offer valuable insights and improve financial management for project-based businesses. However, it's crucial to weigh the pros and cons and consider your business needs before adopting this approach. In this situation, I recommend seeking advice from an accounting professional. They are familiar with the business processes involved and can offer personalized guidance. 

I appreciate your interest in project-based accounting within QBO, anthony. If have other questions, you can comment them below. I'm here to help you make the most out of QBO and ensure your business's success. Stay safe and have a great rest of the week!