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This is a setting that will need to be switched on if you want to utilize it.

The projects feature is currently available in QuickBooks Online Plus, Advanced, and Accountant. In QuickBooks Online, a “project” helps you track the income and expenses for a particular project or program without needing to set up a new class code. If you’re looking for more ways to categorize your income and expenses, QuickBooks has another option – project tracking. However, even these tracking methods can still fall short at times. Using those three areas together provides flexibility in tracking transactions for your organization’s reporting needs. In the past, we’ve discussed three ways to track income and expense transactions in QuickBooks Online – the chart of accounts, class codes and locations. A credit card type account could be created to account for the transactions as discussed in the section on Credit Cards and the name of the account could be Due to Owner-Short Term or similar description.If your nonprofit uses QuickBooks Online, you have many different options for organizing your financial data. In some cases, the owner may wish to be reimbursed, but the business is unable to pay the expenses in full.Clients should consult their tax professional if they are unsure of the proper account. The account to be credited can be a Loan from Shareholder account if loan documents have been drafted or Owners Contribution, an equity account, if the expenses are considered capital contributions. While the expenses paid will be debited, the account to be credited can vary depending on the legal structure of the business. If the owner cannot reimburse themselves in the short term, a journal entry can record the expenditures.If the client is paying the expenses immediately, users can write a check to reimburse the owner for the business expenditures paid for with personal funds.How quickly the business will repay the expenses can determine the best way for the client to record the transactions. These expenses can be recorded in QuickBooks ® in one of several ways. Frequently, business owners will pay for business expenses with personal funds.