By setting up your projects as profit centres, your projects can include products, and/or sales accounts and expense accounts that show the cost of goods sold and the depreciation of any equipment related to the project. By attaching products and GL accounts to a specific project, you can produce an income statement for the related project income activity, allowing you to monitor the product’s performance and budget.

If you are using Projects as Profit Centres, you may want to consider making them mandatory.