The Database project type in Visual Studio is a perfect tool for managing database objects and master data records. However, due to chronological reasons, the Database project does not have out-of-the-box support for SQL Azure, so you cannot directly deploy your database to the cloud. This video is a step by step tutorial that guides you through a workaround for deploying a Visual Studio 2010 Database project to SQL Azure.
The video is hi-res, so 720p and full screen view is recommended.