The Projects tab allows you to monitor income and expenses, and therefore profitability, of individual contracts, customer relationships, or bodies of work. A project groups related tasks and economic activity together for reporting.
To create new project, click New Project button.
Assigning sales and purchases to Projects
When creating new transactions, there will be new Project column where you can select a project.
Profit and Loss Statement
You can view Profit and Loss Statement for a Project by clicking on Profit figure.