How do I account for Funded Projects

I have three funded projects. The projects are funded to one Bank account. I want to have something like Ledgers for them in order for me to truck movement of funds as the projects advance. How do I go about that?

use tracking code,

If the project funds are money held in trust, then they should be held in a BS liability account for each project or use Special accounts via a Project control account to have them collectively shown on the BS.

By held in trust means, that the money received for a project is not income of the organisation. E.G. you receive funds to build a community centre, they are held as a liability and any payments are allocated against that liability.

If part of the funds are for administering the project, then those funds would be income of the organisation.

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This post in a previous thread about church accounting may be of some help.