Our PDF to iXBRL conversion service
Why should I use you to convert my financial accounts to iXBRL?
A difficult process but we are experts
Transforming accounts into filing-ready iXBRL format can be not only a difficult
proposition, but also a time-consuming effort, prone
to errors which potentially delays the
filing deadline for companies.
However we are, experts, so let us take care of the conversion of
your accounts to iXBRL.
A uniquely efficient approach
Scenario 1 – accounts software workflow
To fulfil this regulatory requirement, accounts software
vendors have incorporated iXBRL / XBRL functionality
into their software:
- Accounts production software
– accounting software vendors have incorporated
the capability for accounts information to be automatically
output in iXBRL / XBRL format
- HMRC in the UK – for simple
accounts applications in the UK, HMRC provides an accounts
template within the free HMRC software
This satisfies the
requirement of companies who exclusively use accounts software for
the production of their annual accounts.
Scenario 2 – alternative workflow to produce accounts
However, companies who do not exclusively use their
accounts software for the production of their annual accounts
require a different workflow.
Many small, medium and large sized companies, in the
final stages, manually produce their company
accounts using Microsoft Word, Excel or similar
applications, and then output as PDF.
In other words, organisations who for example:
- Utilise accounts production for their accounts data, but
then output information into other packages (e.g. Word)
for editing, and then produce final annual accounts
in PDF format - a workflow typical of larger sized
companies
- Do not have the requisite accounts production software
- Output as PDF to prevent any inadvertent or
unauthorized alteration of company accounts
being made outside the company
.... still need then to convert their annual
accounts into iXBRL or XBRL.
As a result there is a requirement to process
such PDFs and convert them directly into iXBRL or XBRL.
This requirement is fulfilled by
our managed conversion service:
- Utilizing our own unique pdf2xbrl software – for further information
on the software itself, go to
our pdf2xbrl
Conversion Software web site section
- Combined with a manual review of the iXBRL/XBRL output to ensure 100% accuracy of final accounts before filing
Our unique solution
pdf2xbrl is the only direct PDF to iXBRL/XBRL conversion software on the market.
This not only eliminates the need for exposing Word and Excel versions of final
accounts outside the company; but also guarantees a much faster and more accurate iXBRL
/ XBRL output.
Accounts
formats converted to iXBRL
File formats of financial accounts that we process
include:
- PDF to iXBRL
- Excel to iXBRL
- Word to iXBRL
- HTML to iXBRL
- Adobe InDesign to iXBRL
- Other formats to iXBRL - simply save as PDF or provide us
with the source file, and we will convert to PDF
for you - our system works on the basis of
interpreting layout, so any layout orientated
formats can normally be accommodated
Accounts formats converted to XBRL
Format of financial accounts that we process
include:
- PDF to XBRL
- Excel to XBRL
- Word to XBRL
- HTML to XBRL
- Adobe InDesign to XBRL
- Other formats to XBRL – simply save as PDF or provide us
with the source file, and we will convert to PDF
for you – our system works on the basis of
interpreting layout, so any layout orientated
formats can normally be accommodated
Taxonomies supported include:
- ESEF – for ESMA filing
- FRS 101
- FRS 102
- FRS 102 – Section 1A Small Entities
- FRS 105
- IFRS
- EU adopted IFRS
- UK GAAP
- Irish GAAP
- Singapore ACRA
- Indian GAAP MCA
- Australian IFRS
- etc. ....
Please enquire for taxonomies not listed here.
What the service consists of
Our conversion service consists of the following deliverables:
- Valid iXBRL or XBRL output
- Financial accounts submitted by
the customer are processed by us and the output is returned as
a valid iXBRL or XBRL file:
- One file for each set of accounts/entity -
in the case of iXBRL the output can be
visualised in a browser
- One file for each computation
(if ordered) -
in the case of iXBRL the output can be
visualised in a browser
- Tagging Report - an easy-to-read Tagging
Report in PDF format - see below for details
- Review of Results - before delivery, qualified
accountants manually check the iXBRL/XBRL output to ensure accuracy
of the output – our reviewers are experienced in
the taxonomies, and are
fully trained on the tagging requirements of HMRC
and the Revenue:
- The manual review eliminates errors due to taxonomy
anomalies in a specific customer’s financial reporting
- With the review stage being integrated with the software process,
we
ensure seamless delivery to the customer
- Validation of Output - output is
fully validated to ensure that it is ready for filing:
- UK – for the UK validation is against the HMRC checking service to ensure that
it is fully HMRC compliant
- Ireland – for Ireland validation is against the
Revenue checking service to ensure that
it is fully Revenue compliant
An easy-to-read Tagging
Report in PDF format is provided detailing the
tags applied to your accounts:
- This report enables you to
review tagging decisions made and provides a written record
- If any changes are required post
delivery, new output is then supplied by
us as part of the service
- The report is a reference
document for your benefit only, and
it is not required by HMRC in the UK
or by the Revenue in Ireland
What if changes are required?
- Following completion, your customer
service representative remains available to discuss (by
email, phone or
chat) any aspect of the conversion job that has been undertaken for you
- If any changes are required, these can
normally be made by us within one working
day (new output is then supplied to you)
Tracking your job
- To monitor the progress of your job, it is allocated a unique ticket number
- We appoint a named customer support
representative who liaises with you when questions arise
from the conversion of your accounts
To learn more
To learn more about how our conversion service can be utilised for the conversion of financial accounts
from PDF, Excel, Word, HTML or other file formats into iXBRL or XBRL:
