QB Issue Resolution:

Yes, you can use projects for recording income and expenses from a used car dealership. There’s no longer a need to create a deposit transaction when you record a sales receipt. The sales receipt transaction itself is already a “money in” transaction. Creating a deposit will only duplicate your income.

 

You can select the bank account where the income will go in the sales receipt transaction. It’s the drop-down menu labeled Deposit to.

 

Once that’s covered, you may view this article for reference: Track income, costs, and profitability by project.

Resolution for Issue 'Can I use projects for a used car dealership to show the income and expenses for each car? I need to tag a bank deposit as income to the project but it won’t let me?' available: Yes (Solved).
Source: Intuit Community forum.

Can I use projects for a used car dealership to show the income and expenses for each car? I need to tag a bank deposit as income to the project but it won’t let me?: 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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