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Hi @HomeEcGuy,
Let me give you some insights using the inventory for the project. You have to create an Invoice for the inventory you wish to take and use to the project.
I recommend that you can also use the advice of what @vpcontroller’s provided above.
You can visit this article for some details on how to add transactions for the project: Set up and use the Projects feature.
If you have any other concerns, don't hesitate and come back to the Community. Take care.