Thanks for reaching out to us, Karim.
I have the information you require to efficiently manage your business on QuickBooks Online.
The Project feature is only available in QuickBooks Online Plus subscription. This version of QuickBooks includes 5 users and allows you to invite a maximum of 2 accountants.
Through the Tax feature, QuickBooks can track your sales tax automatically. You must first turn it on to utilize it, after which you may create any appropriate tax codes.
Here's how:
- Go to Taxes, and select Set up tax.
- Set up the tax agency details such as the name of your tax agency, any official tax number that has been assigned to your company, your reporting method, how often you file your tax to your tax agency, and whether this tax is meant for sales or purchases, then select Next.
- Follow the steps to finish the setup and click Ok.
These are the steps to add tax rates:
- In the Tax Centre, select Add Tax.
- Choose which type of tax rate you want to set up.
- Enter the details of your tax rate.
- Once done, hit Save.
You can read this article for more insights: How do I set up sales GST rates and use them on forms? (International QBO).
On the other hand, you use the Project feature to track your project's profitability. You must also enable it first before you can add or create a project. I'll show you how.
- Go to Settings ⚙, then select Account and settings.
- Click the Advanced tab.
- Find the Projects section and select Edit ✎ to expand it.
- Turn on Organise all job-related activity in one place.
- Hit Save and then Done.
For more details, you can read this link: Set up and create projects in QuickBooks Online.
The Project Profitability Report can then be run to determine how much money you are making or losing. Go to the Project menu and select the specific project. Then go to the Project Reports tab. You can also run the Project Profitability Summary report if you want to know which projects are more profitable.
Here's how:
- Click the Reports menu.
- Type in the Project Profitability Summary Report.
- Enter the correct reporting period.
- Select Run report.
Additionally, I've added this resource to see the list of reports available in your QuickBooks Online subscription: Reports included in your QuickBooks Online subscription.
If you want to connect your bank or credit card account. Refer to this guide: Connect bank and credit card accounts to QuickBooks Online.
Once your transactions are in QuickBooks, you may review and categorize them to make sure they are posted in the appropriate accounts.
Let me know if you have further questions or concerns. I'll get back with more details. Take care.
