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Buy nowHi, @smk4.
We appreciate your thoughts about using inventory for the project. Rest assured, I'll send your recommendation to our product developers to add this feature soon.
Meanwhile, you may want to check our QuickBooks Desktop. This version has a feature that allows you to create a job and track income expenses for customer projects.
For more information, I highly recommend checking out our detailed comparison guide between Online and Desktop versions. Also, I've included an article on how to track job costs in QuickBooks Desktop for additional reference:
With this, you'll be able to get a better perspective in choosing which product would suit your business. If you have further questions, feel free to add a comment below.