QB Issue Resolution:

Yes, you can use projects to track grants in QBO. Also, the Project feature in QBO works like Job in desktop.

 

I recommend trying our QBO Free Trial  to know how the Project feature works.

 

You can read this article for more details: Project Set up and Use.

Resolution for Issue 'Are projects the same as jobs but without the sub customer?' available: Yes (Solved).
Source: Intuit Community forum.

Are projects the same as jobs but without the sub customer?: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

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