iXBRL Electronic Tax Reporting

Experts in iXBRL

Innodata provides a range of well established, quality iXBRL services. We have successfully converted thousands of iXBRL documents and our comprehensive services demonstrably improve the productivity of our clients by drastically reducing the burden of this additional financial reporting overhead.

We offer cost effective iXBRL solutions which help our clients reduce their operating costs while improving on their cycle times. Our teams are made up of highly experienced subject matter experts, trained in accounting standards and the taxonomies underpinning iXBRL. We also have a separate class leading quality control and support team solely dedicated to iXBRL filing process of our clients.

Innodata does all the ground work for our client's iXBRL needs to ensure that the regulatory requirements are met allowing our clients to focus their time and energy on their key business issues safe in the knowledge that their iXBRL compliance requirements are being fully met.

We convert your financial statements in accordance with HMRC rules and provide you with a fully validated iXBRL file for successful submission to HMRC. We also give you our Tagging Report which lists all iXBRL tags applied to your financial statements and judgments applied by our experts.

So take the stress out of iXBRL conversion. You can subscribe or transition to our services easily and seamlessly. To find out more about our cost effective and mature iXBRL services, please contact us at info@innodata.com.

Why Innodata?

Your financial statements are not a commodity so all tagging is carried out by our own team of qualified accountants who are experts in financial reporting and iXBRL presentation. We have a separate dedicated quality review team to ensure your financial statements are tagged and validated to the highest possible standards.

We developed our own iXBRL tagging software - iXTAG (recognised by HMRC) - which has given us a unique insight into iXBRL. Our accountants use iXTAG for all iXBRL tagging, and our rigorous quality and validation checks.

Our managed service includes:

  • Full iXBRL Tagging Report: We provide you with a full tagging report explaining all judgments made in converting your document into iXBRL in an easy to understand MS-Excel format.
  • Comprehensive Handover Process: Our accountants work with you during the handover process to ensure accuracy of the tags used for every specific item. We also offer free reprocessing of the document until you are fully satisfied with the iXBRL instance document provided.
  • Test Filing: We perform a pre submission check through HMRC gateway to ensure hassle free & error free submission of the Financial Statements.
  • Test Submission Certificate: We provide you with an Success Submission certificate (derived from HMRC site), with your final iXBRL document to allow you peace of mind.
  • Excel, Word or PDF: We can convert most document formats including Excel, Word, PDF, HTML etc.
  • Express Service Available: We do offer a fast track service at a minor premium in case of emergencies.
  • On-going Savings: Our pricing is highly competitive. We don't consider your financial statements to be a commodity. We value long term relationships and you will continue to benefit from our competitive pricing and excellent service throughout the engagement.

  

 

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