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XBRL

Gen XBRL Software: Feeding, Validation and Beyond

  • XBRL software

Gen XBRL Software is an excellent tool for the professionals like Company Secretaries and Chartered Accountants who are compelled to waste a large amount of time on preparation and e–filing of the balance sheet, profit & loss A/c in latest XBRL format. This software enables you to do above-mentioned tasks at very ease. Now, just following the below-mentioned steps an individual can sort out all the hurdles related to the XBRL format files.

Installation Rs. 10000* | Updation Rs. 2500*

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Features of Gen XBRL Software

SAG InfoTech's XBRL is a boon for professionals dealing with preparation & e –filling of balance sheet, profit & loss A/c in XBRL format as per taxonomy & validation tool of MCA "In just simple 4 steps. The steps including the conversion in simplified four steps are as follows:

"A unique solution for e-filing that helps in creating XBRL sheets, Validating and beyond..." XBRL is a data-rich dialect of XML (Extensible Markup Language), the universally preferred language for transmitting information via the Internet. It was developed specifically to communicate information between businesses and other users of financial information, such as analysts, investors and regulators. XBRL provides a common, electronic format for business reporting. It does not change what is being reported. It only changes how it is reported. XBRL is a world-wide standard, developed by an international, non-profit-making consortium- XBRL International Inc. (XII). XII is made up of hundred of members, including government agencies, accounting firms, software companies, large and small corporations, academics and business reporting experts. XII has agreed the basic specifications which define how XBRL works.

XBRL in MCA:- It has been decided by the Ministry of Corporate Affairs, India to mandate certain class of companies to file Balance Sheets and Statement of Profit and Loss with effect from F.Y. 2010-11 onwards by using XBRL Taxonomy. The following classes of companies have to file the Financial Statements in XBRL e-forms only W.E.F. the F.Y. 2010-2011 onwards: