Projects in PayTraq can be used in a number of different ways, they can be a short-term or long-term, can be considered as cost centers, can refer to a single deal or multiple, can be used to separate sales between sales managers, etc. It's all up to the users.

We can say that a project is some kind of analytics that can be applied to partners, documents or transactions (journal entries).
For example, if you want to view your income and expenses in the context of a project, you should assign a project to those sales and purchase invoices or any other transactions that that may be relevant to it.

A filter by projects can be applied to almost any report or list in the program. This means that it will be possible to view the general ledger, trial balance, and all financial reports in the context of projects.

The project assigned to a customer or supplier will be inherited to the documents issued to or received from them, as well as in the entries associated with these partners.

Moreover, the project is not limited to one company - it can can be a multi-company analytics. In this way the same project can be used in different companies (company accounts) and there is a consolidated profit and loss statement that will combine transactions from different sources. 

Projects can also contain additional information in the form of comments and files, you can also attach tasks to the project.

You can create a new project in My PayTraq -> My Projects.

Project can also be created straight on the sales or purchase document or on partner's card.