Dear BMW, 

Thank you so much for your great reply.

I  appreciate your support.

I understod everything except " By using items and linking them to your balance sheet accounts, they will also show on your balance sheet report. ""

As my balance sheet has nothing to do with my projects coz simply projects costs and revenues will be closed to P&L.

In other words all fixed assets will be my ownership and it will be reflceted in my balance sheet and will run depreciation to them annually as usual.

Best regards 

Mahmoud