Composite Services and Account Tracking

Composite Services and Account Tracking

I am looking to garner support/request the ability to make composite services. A quick search in the forums brings up multiple requests for this feature. I fail to see why an item is mandatory while services are optional. 

I also would like to see the option to have composite items/services tracked by the individual item accounts vs the item account on the composite item. If I am offering Service 1, Service2, and Service 3, why would I want to track that as Service 4? As a business owner wanting to know the profitability of each service, the need to go through different reports or manually calculate profitability vs just being able to view it on a P&L report is a big loss. 

To me this is a pretty big oversight offered by major competitors on both accounts.