Welcome to the Community page, @cgsthom. Let me clarify things for you about assets not showing in the report.
The projects feature in QuickBooks Online helps track your project’s profitability. You can add project income, expenses, and labor expenses, add old transactions to new projects, and run project-specific reports from a single dashboard.
Projects will track billable expenses, but then the truck is an asset. For more insights about this, please see this article: Set up and create projects in QuickBooks Online.
I'm adding these articles to learn more about the reports you can utilize in your account.
Keep me posted if you have other questions about generating project reports. I'll get back to you as soon as I can. Have a pleasant day.
