For what purpose is the Projects feature primarily used in QuickBooks?

The Projects feature in QuickBooks is primarily used to track income and expenses related to specific projects. This functionality allows businesses to monitor the financial performance of individual projects, enabling them to assess profitability, manage budgets, and analyze various aspects of project costs. By categorizing expenses and income specifically tied to a project, users can gain clearer insights into their financial health and make informed decisions based on project performance.

In contrast, managing inventory levels is typically associated with inventory management features in QuickBooks rather than the Projects function. Handling payroll for project-based employees falls under payroll management, which is a separate aspect of the software not directly related to project tracking. Generating tax reports, while an important feature, is focused on overall financial reporting and compliance rather than specifically on the tracking of individual project finances.