Account Codes serve as a standardized coding system to track like operations across a company, for the purpose of global reporting and benchmarking. Account Codes typically follow a hierarchical structure which allows for summary level reporting rolled up to company standards, but can also be a flat list.
Account Codes are assigned to cost items similar to a tag on a cost item. Once an account code has been assigned to all terminal cost items you can view many project and organization reports organized by the account code structure, rather than individual project cost break down structure which often differs from project to project. Account Codes can also tie back to InEight Estimate where estimators can assign the same standard set of account codes to estimate items, and compare them to active or completed projects for historical benchmarking.