The Project is an important and intricate part of the key structure of the Development Ledger. You should look at the Project as a Sub Key of a Stage. Any one Stage can have multiple projects and a Project should be seen as a group of Houses, Townhouses, a Floor of a High Rise Building etc.
The Project is shown from the stage and it is at this point that the Development Ledger separates Land development and Improvement development.
You can have any number of projects within a stage and it is most important to note that there is also a project Cost of Sales Percentage, i.e. the cost % Recoupment for a particular group of construction improvements.
Construction costs can be dissected directly to a Project much in the same way as they are dissected at a stage level or directly to the next level down i.e. ‘the Improvement’.
When producing reports from the Development Ledger Report Writer or Transaction, Stock and Sales Listings, you have the choice to look at your information by Land or Improvement. When dealing with improvement and/or project figures you will only get to see transactions that have a Project code (and in some case Improvement number) allocated. In this way you can look at the profit on a particular house separate to the land content, or you can get a Budget Analysis for a particular project without any land content.
A simple rule of thumb is that if a transaction has a Project Code attached, a transaction is related to construction, otherwise it is related to land development.
Set up your projects in accordance with your planning of groups of construction. As mentioned a Project could be a single house project or 100 Townhouses.
The Project Code is a 5 Character Alpha Numeric.