QuickBooks Desktop Contractor Edition can track both project P&L and equipment costs, but classes alone won’t give the full picture.

Simple setup:

• Use Jobs for project-level Profit & Loss.

• Track each truck/equipment as its own class or cost bucket to capture fuel, lease, repairs, etc.

• Calculate the hourly equipment cost outside QB, then allocate it to jobs using billable time, journal entries, or cost adjustments (QB doesn’t calculate this automatically).

This gives you:

• Accurate P&L per project

• Clear operating cost per equipment unit

• Allocated equipment cost per job

Many contractors use this structure today—it's the same approach we see when supporting clients at Ledger Labs.