Gen XBRL Software: Validate & Prepare XBRL Sheets For MCA

Gen 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. XBRL return software enables you to do above-mentioned tasks at very ease.

Now prepare XML for accounting standard and Indian accounting standard (IND AS) along with XML for both standalone and consolidate financial statement. Our XBRL filing software is timely updated and user-friendly. It is completely based on MCA Business Rules and taxonomy. Our software for XBRL can also perform import and export of XML of the current year or previous year with ease. The software can prepare company wise back up and restoration and directly validate the XML prepared from any other vendor's software along with generation of the PDF file of XML with the validation. Now, just following the below-mentioned steps an individual can sort out all the hurdles related to the XBRL format files.

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Demo of Gen XBRL Filing Software in English
Gen XBRL Software Demo English
Demo of Gen XBRL Return Software in Hindi
Gen XBRL Software Demo Hindi

Advance Features of Our XBRL Return Filing 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 Accounting Standards (AS) and Indian Accounting Standards (IND AS) taxonomy & validation tool of MCA "In just simple 4 steps. The steps including the conversion in simplified four steps are as follows:

  • Step 1: Feeding the whole financial data with all relevant Notes and Disclosures in Gen-XBRL utility, available for download with Latest Revised Schedule-III Taxonomy (AS and IND AS).
  • Step 2: Converting the XBRL data from our utility into XML file format by our two Products "Gen-Comp Law" & "Gen-XBRL" Software tool with professional(s) assistance.
  • Step 3: Validating the data through MCA tool.
  • Step 4: An Instant document containing Balance Sheet and Statement of Profit and Loss Account will be generated and ready for e-filing.

"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 hundreds of members, including government agencies, accounting firms, software companies, large and small corporations, academics and business reporting experts. XII has agreed with 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 AS taxonomy and IND AS taxonomy respectively with effect from F.Y. 2010-11 and F.Y. 2016-17 onwards by using XBRL Taxonomy.

The following classes of companies have to file the Financial Statements (AS Taxonomy) in XBRL e-forms only W.E.F. the F.Y. 2010-2011 onwards:

  • Allow Users to create Map Financial Data for Current as well as Previous Year very quickly in XBRL Filing software itself.
  • Non-Financial Data which includes Notes to Accounts etc. can be easily mapped with this software.
  • Footnotes can be easily Added or Edited in the Software.
  • The Software also allows you to fetch Previous Year Data, wherever needed.
  • It has very effective Validations features Inbuilt that can Prevent Errors very effectively.
  • Quick Spotting of Errors in Verification List Ahead of Validation with XBRL Instance Document can be easily generated.
  • XBRL Instance Document can be also validated using MCA Validation Tool from the XBRL Software itself.
  • Gen XBRL also provides the facility to Back up & Restore the Data for Real-time Updates

Why Choose Gen XBRL Software?

Why Choose Gen XBRL Software?
  • As per Latest Taxonomy
  • Trusted & Securedby Thousands of Clients
  • Economical Price INR 15,000*
  • Trial Version for 5 Working Hours
  • Demo Installation Complete Guide
  • After SupportSales

FAQS of Gen XBRL Filing Software