Best practice: Why Tags matter for flexible reporting

Tags give you more control over reporting and analysis. They let you create tailored reports without changing your Group Accounts or dimensions, making it faster and easier to get the insights you need.

Why use Tags?

Tags help you:

• Adapt reports for different audiences, quickly switch between internal and external reporting.

• Increase flexibility in Excel or Power BI, filter, group, and recalculate accounts without touching your chart of accounts (Konnect file is updated to include tags)

• Make your analysis clearer, separate items that matter without adding new dimensions.

When and how to use Tags

1. Different reporting purposes: Assign a “Management” or “Statutory” tag to the relevant accounts.
   Example: Calculate EBITA differently for management vs. statutory reports.
2. Bridge Reports: Local GAAP vs. IFRS: Use tags in Power BI or Excel to create bridge reports without duplicating accounts.Example: Tag leasing accounts as IFRS 16 Liability to separate IFRS adjustments from Local GAAP figures.
3. Temporary projects:Apply a project-specific tag and archive it when the project ends.Example: Track marketing spend for Project X (2025).
4. One-off vs. recurring costs:Use tags to simplify profitability and variance reporting.Example: Tag extraordinary items like One-off 2025 to separate them from regular operating costs.
5. Audit focus / Transfer pricing: Create an Audit Focus tag to quickly filter accounts for special reporting.Example: Tag provisions or intercompany balances for easier audit review.