A simple explanation of an Improvement is that it represents a single constructed building or part thereof, i.e. a House, Unit, Townhouse, Commercial, or other type of building. Improvements must exist under a Project. Therefore if you have a project that is for example a single Display Home, then you would set up a project with one Improvement.
Improvements are similar in many ways to Lots as they have unique information about your stock including Type, Category and Status. You can dissect costs to an Improvement and it is used to post the Cost of Sales Recoupment, Sales Invoice and Cost of Sales Accruals, when you are selling an improvement.
Each Improvement is linked to a land lot and in this way when you make a sale of an Improvement you can sell the land content with it. If there is no land, i.e. in the case of a unit, then set up dummy land lots.
Several reports in the system have been written to allow you to produce figures at an Improvement level only. These include the transaction listing, and Report Writer tools, Sales and Stock Listings, and as explained above these reports have options to allow you to choose Improvement data only.
The Improvement Code is an Integer 9 numbers in length.