Which feature in QuickBooks allows users to track income and expenses for specific projects?

The feature that allows users to track income and expenses for specific projects is job costing. This functionality is designed to provide detailed insights into the financial performance of individual projects or jobs. With job costing, businesses can create jobs, assign related income and expenses, and generate reports that show how much each job costs and how much revenue it generates.

This is particularly valuable for service-based businesses or contractors that need to manage multiple projects simultaneously, as it enables them to monitor profitability on a project-by-project basis. Job costing ensures that all costs associated with a project are captured accurately, which facilitates better budgeting and financial planning.

While other options like invoice tracking and expense reporting can assist with financial details, they do not specifically focus on tracking project-related income and expenses in such a detailed manner. Payroll management, on the other hand, is concerned with employee compensation, which is separate from tracking project profitability. Thus, job costing is the most appropriate feature for managing finances tied to specific projects within QuickBooks.