Ok. I am starting to understand this. To confirm. I setup a WIP - Current Asset Acct. Then when I start a new project, I create a new "customer" which is that job (I do spec, no true customer jobs). Then I create a list of "non-inventory" items in "products and services" (QBO). When I enter an expense for a project, I'd click "expense", then add it under "item details" (instead of account details). Right?

If I enter as "item details" I don't understand how it gets attached to WIP. So I should also the transaction in WIP I guess as well? Will this breakdown by account and sub accounts? 

i.e. Holinding Costs with subaccounts of utilities, insurance, loan interest, etc. 

I like detailed and nicely organized reports and am willing to put in the little extra bookkeeping time to do so.