Thanks for joining us here today, @DarcyS.

Let me share some information about creating an account for your construction allowance. Though construction allowance is included in the total cost of the contract price, it doesn't tie to the production and sale of a company's goods and services.

That said, you'll have to create the allowance under COS. Here's how:

1. Go to Accounting, then select Chart of Accounts.
2. Click New, then pick Cost of Goods Sold as the Account Type.
3. Under Detail Type, choose Other Costs of Services - COS. You can type in the account Name and Description.
4. Hit Save and Close.

With the above steps, you're able to track the construction allowance as part of the cost of your prescribed items.

I've added these links below for more information about inventory tracking in QBO.

• Impacts of inventory tracking on balance sheet and profit & loss reports.

• Set up and track your inventory in QuickBooks Online.

• Add inventory products to QuickBooks Online.

In case you need help with other tasks in QBO, feel free to browse this link here to go to our general topics with articles.

Let me know if you still have questions or concerns with accounts. I'm always here for you. Have a wonderful day ahead.