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# How to Record Journal Entries for Project-wise/Product-wise Income & Expenses?

If you want to maintain journal entries for different products or projects separately, you can do that with the help of Account Groups.  
  

Let’s say you are running two different projects - Project A and Project B, and you want to maintain separate income/expense records for each as detailed below:

Project A Income                                     

1. Service Sales
    
2. Product Sales
    
3. Other Income

Project A Expenses

1. Installation Charges
    
2. Transportation Expense
    
3. Raw Material Purchase

Project B Income

1. Service Sales
    
2. Product Sales
    
3. Other Income

Project B Expense

1. Installation Charges
    
2. Transportation Expense
    
3. Raw Material Purchase

For this, you will have to create different Account Groups such as -  
  
1. Project A Income

2. Project A Expenses

3. Project B Income

4. Project B Expenses

For example, to record my Project A Income, I have created an Account Group named Project A under Account Type “Income”:

![](https://storage.crisp.chat/users/helpdesk/website/-/a/b/8/8/ab884d8153100800/gpkknzreral9o9fwune9tajigfcmee_1byzq4k.png =900x307)
Similarly, I will create a different Account Group for Expenses.

Once the Account Groups are created, you will need to create separate Accounts under each Account Group, such as - 

1. Service Sales Account
    
2. Product Sales Account
    
3. Other Income Account

For example. I have created a new Account for Service Sales under Project A Income Account Group:

![](https://storage.crisp.chat/users/helpdesk/website/-/a/b/8/8/ab884d8153100800/2d91ati4dk9rbe3vzunkvt7oae0bvd_44wrue.png)

Similarly, you can start creating different Accounts linked to a particular Account Group.  
  
That's it! If you still have questions, please drop an email at [care@refrens.com](mailto:care@refrens.com) OR message us on live chat support for quick assistance!

[Learn more about creating Account Groups >](https://help.refrens.com/en/article/how-to-create-edit-and-download-account-groups-10rwuok/)  
  
[Learn more about creating Accounts >](https://help.refrens.com/en/article/how-to-createedit-accounts-and-track-ledger-entries-1cccgz/)  
  
[Learn more about Advanced Accounting on Refrens >](https://help.refrens.com/en/article/introduction-to-accounting-on-refrens-hqxo9q/)