How BI codes can improve financial reporting

AccountsIQ's enhanced BI coding structure allows you to tag all your company’s transactions to specific projects, divisions, cost centres, departments, locations or funds.

September 5, 2025
4 Minutes
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Betty Katz
How BI codes can improve financial reporting

AccountsIQ’s powerful BI (Business Intelligence) coding structure enables finance teams to tag transactions across up to six custom dimensions—such as projects, departments, locations, cost centres, or funds. This flexible architecture allows you to tailor your reporting to your organisation’s specific structure and performance priorities.

Unlike traditional accounting systems that limit analysis to legal entities, AccountsIQ’s BI coding empowers you to track performance across any operational or commercial unit—whether that’s a department, project, region, or asset. The result? Deeper insights, smarter decisions, and greater control across your finance function.

What is a BI Code?

‘Business Intelligence (BI) Code’ is our term for any business unit or element you want to track and analyse. While some may know it as a ‘department code’, AccountsIQ’s BI codes go much further.

A BI code can represent any part of your business—whether that’s a customer segment, location, initiative, or internal team. Combined with our multi-dimensional setup, you can build a tailored reporting model that gives your team real-time visibility over the performance of every moving part.

Key features of BI codes in AccountsIQ

  • Flexible capture codes – tag any transaction at source

  • Multi-layered analytics – enable deep, dimensional reporting

  • Group-wide visibility – track and report across multiple entities

  • Customisable setup – configure your dimensions around how you operate

  • Seamless integration – align with systems like Salesforce, Concur, or payroll platforms

  • Granular tagging – isolate and report on transaction types or categories

Enabling deep business performance analysis

AccountsIQ’s BI structure empowers your finance team to move beyond high-level reporting. Instead of one-size-fits-all P&L or Balance Sheet views, you can compare and analyse business performance across any combination of dimensions, such as:

  • Branches or office locations

  • Customer segments (e.g., retail, wholesale, online)

  • Departments (e.g., Sales, Marketing, Operations)

  • Product or service categories

  • Campaigns, events, or projects

  • Funds or Special Purpose Vehicles (SPVs)

With up to six BI dimensions available, you can customise your reporting structure to reflect how your organisation actually operates. For instance, by setting “Location” as a Dimension, you can assign a unique BI code to each individual branch or site, allowing performance to be analysed from the top down or the ground up.

How our customers use BI codes

Many AccountsIQ users take advantage of our three-level General Ledger and BI coding layer to create dynamic, granular reporting models.

Take Tindle Newspaper Group as an example. They currently use four BI dimensions—Entity, Division, Publication, and Department—to create fast, flexible reporting across their organisation. They’ve even started adding dimensions like Property to track capital investment.

“We have a baseline process for reporting, and the commercial insights are really useful. For example, we can drill down to obtain separate P&Ls for each region—even each publishing centre within a region.”
Alastair Manson, Group Finance Director, Tindle Newspaper Group

Read the full case study →

Delivering actionable insights with smarter reporting

Modern leadership teams demand meaningful data that drives performance. Boards and senior management don’t just want numbers—they want insights that highlight risks, surface opportunities, and enable confident decision-making.

But for too many finance teams, reporting remains reactive, time-consuming, and overly reliant on spreadsheets. With AccountsIQ, that changes.

You can:

  • Choose from a library of over 300 pre-configured reports

  • Build custom reports that match your business KPIs

  • Access real-time data from interactive dashboards

  • Create professional board packs in minutes

  • Run group-level reports at the click of a button

  • Share insights with visual charts and KPI dashboards

  • Evolve your finance function into a trusted strategic adviser

Watch our 4-minute video to see BI coding in action → [Link to video]

Transform your financial reporting with AccountsIQ

With AccountsIQ, you get business intelligence, group consolidation, and advanced reporting—all in one integrated cloud platform. Our enhanced BI coding structure helps you simplify complexity and make better, faster decisions across every level of your organisation.

Learn more about Business Intelligence and multi-entity reporting with AccountsIQ
Book a demo to see how our BI structure can work for your organisation