Your general ledger is your foundational source of truth, but the nuances of firm and fund-related costs—such as deal-specific due diligence—often go uncaptured. Custom Reporting Tags now offer the flexibility you need.
Custom Reporting Tags add a flexible categorization layer to your Chart of Accounts, providing granular visibility without altering your core COA structure or requiring shadow books.
Enhance your Chart of Accounts without changing it
Create custom categories—such as Department, Deal Team, Office Location, or Event—and apply specific values like “NYC Deal Desk” or "2025 AGM" to line items. Tag journal entries individually or using bulk tools as needed. You can also adjust tags as your firm’s needs evolve, giving you insight into new dimensions of your operational costs.
Maintain agility throughout the fund lifecycle
Refine your financial analysis even after the books are closed. Because these tags are not directly tied to your underlying COA, you can safely add or update them during locked periods without affecting historical reporting. This provides reporting agility without the complexity of reposting journal entries or reopening the books after final closing.
Drive decisions with multi-dimensional spend analysis
Use multi-dimensional analysis to identify cost-saving opportunities and optimize budgeting for day-to-day operations. CFOs, COOs, and GPs can analyze spending patterns using integrated in-app reporting and Data Explorer.
Pivot your Statement of Operations to see each GL Account broken out by Tag. From there, you can drill into the underlying journal entries for any line item.
Gain deeper insights with Data Explorer
For even richer analysis, we’ve integrated Custom Reporting Tags directly into Data Explorer. Now, you can quickly answer questions with custom pivots, dashboards, and visualizations. This allows you to create the multi-dimensional views you've been asking for, such as evaluating department-level spend across all your entities to get a comprehensive view of your entire firm.
