Filing in XBRL

"From 1st April 2011, for any accounting period ending after 31st March 2010, all Company Tax Returns must be filled online. As well as this, companies must file accounts and computations in a set format - Inline eXtensible Business Reporting Language (iXBRL)"
HM Revenue & Customs

Purpose and Objectives of XBRL Reporting

This is an international standard that simplifies electronic reporting of business and financial results. The idea behind this language is simple. Instead of treating financial information as a block of text - as in a standard internet page or a printed document - it provides an identifying, computer readable tag for each individual item of data.

The use of XBRL enables organisations to streamline their processes for handling information, improve analysis and communication, increase accuracy and reduce costly, manual effort.

It provides a common language with industry-specific and jurisdiction-specific classifications for recording, storing and transmitting financial information.

File with confidence

Concentric Solutions brings together Group Financial Reporting solutions experience, market leading UBmatrix XBRL technology and your financial reporting needs, resulting in a package that includes all of the software, services and consulting expertise needed to produce your first iXBRL submission and lay down a proven platform for future reporting cycles.

Where do you start?

The Concentric Solutions First Step Program for XBRL Filers is a complete solution enabling companies to generate and validate XBRL documents easily and quickly using Microsoft Office format source files. Read full details here.

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