Saturday 20 October 2012

MCA XBRL Validation Tool (Final Version)

,
Final version of the MCA XBRL Validation Tool (for Financial Statements based upon new Schedule VI of the Companies Act, 1956) has been released. XBRL filings of financial statements for accounting year commencing on or after 01.04.2011 have been enabled on MCA website with effect from 14.10.2012. Stakeholders are also advised to refer to the ‘Filing Manual’ available on the XBRL portal for filing the financial statements in XBRL format.

Source :http://www.mca.gov.in/XBRL/

XBRL Filing Software provider in India
Read more →

Wednesday 10 October 2012

Best XBRL Filing Software Tool Video - exbace.com

,
eXBace is a Best XBRL Filing Software Tool with New Commercial and Industrial taxonomy. For Free Demo Click Here : http://www.exbace.com/enquiry.aspx OR Call at +91-9314614930




Read more →

Sunday 7 October 2012

Download Free XBRL Software – eXBace for XBRL Filing of Financial Statements

,

These days XBRL term is quite common among company securities and chartered accountants. XBRL stands extensible business reporting language which is XML based computer language for the electronic transmission of business and financial data. Many countries in the world and regulators have mandated use of XBRL Filing Tools.



Many of us have seen advertisement on websites, business news, magazines, emails etc. and we can see number of XBRL Filing Software provider available in market. If you are new then selecting a best option from available ones is always a critical question either you are professional or student.

Why XBRL?

As we know, collection and distribution of financial/business information is necessary for the following.

·         Forecasting future cash flows
·         Evaluation of business prospects
·         Evaluation of efficiency of management team
·         Comparison
·         Decision-making

Today, you will find few words on XBRL filing software which I am using and satisfy with its features and support.

eXBace.com – An error free, accurate, handy software for those who actually can’t afford error while exchanging of business information as per MCA. This is an intelligent solution that enables automated processing of business information and hence cut out laborious and costly processes of manual re-entry and comparison. Improve the overall quality and accuracy of data obtained from companies, reduce potential errors from manual entry through machine transfers of reporting information some are basic advantage of this software.

This software has made my XBRL filing simple with new commercial and industrial taxonomy. Some of the advance features are below:

·         No need to be XBRL Expert - No Training Required
·         Excel import with synchronization facility with software
·         Error locator to navigate to the erroneous location
·         DIN & CIN verification from MCA site
·         User right management facility
·         E-mail facility Instance document (XBRL) import
·         Data viewer
·         Form 23AC & 23ACA
·         Export to MS-Excel, MS Word & PDF format
·         Data tagging from MS-Excel, MS Word & PDF
·         User friendly interface to input latest year annual report information against XBRL tags
·         The 'On Document' tagging feature allows the user to seamlessly tag facts and text blocks that are scattered across the document.
·         Tagging of Financial and Non-Financial data: eXBace is powered to create financial data for Current Year and Previous Year with taxonomy in one go and Non-Financial data i.e. Auditor’s Report, Directors Report etc. with ease.
·         Advanced validator tool: eXBace ensures accuracy by using in-built validations at entry level to prevent data entry errors.
·         Generation of XBRL Instance Document: Generation of XBRL instance Document as per MCA Taxonomy.

Other Useful links:

Free download only for the CA Firms holding FRN

XBRL Software

MCA
Read more →

Tuesday 6 March 2012

XBRL – Purpose and its Acceptance

,
X - EXtensible
B - Business
R - Reporting
L - Language

--> XBRL-eXtensible Business Reporting Language is a manifestation of XML.

--> XBRL is gaining acceptance and adoption by governmental regulatory agencies like MCA for investment and financial reporting.

XBRL expands the scope of XML beyond element tag syntax to include standardized metadata attributes related to financial reporting concepts-e.g., financial reporting elements typically incorporate an attribute to signify a debit or credit balance.

Requirements of XBRL

--> Standard - XBRL is a standard that has been accepted and adopted the world over thus reducing inconsistencies in terminologies and data formatting.

--> Accuracy - XBRL provides highly accurate data as the data can be both calculated and verified.

--> Speed - XBRL allows much faster and real-time preparation of reports and at the same time allows efficient, accurate and relevant ways to search data

--> Reusable - XBRL data once entered can be reused to represent the same data in multiple ways and multiple formats.

Platform Independent & Region Independent - XBRL is an open standard and hence platform independent, this allows the data to be exchanged and transferred with ease. XBRL allows the presentation and exchange of data in many different languages

Benefits of XBRL

--> Reduce reporting Burden
--> Improve the Data Timelines
--> Improve Data Accuracy
--> More Accurate and Less Burden
--> Simplify Programming Efforts
--> Improve Flexibilit

--------------------------------------------

KDK Software develops expert solutions of income tax, ROC, XBRL Software, online e-tds software, VAT software, CA software, balance sheet, digital signature, office management software, payroll and meets the users requirements.
Read more →

Tuesday 7 February 2012

eXBace – Powered by XBRL An Introduction

,
eXBace.com – An Introduction

eXBace ( XBRL Software )Technical Specifications

  • Application Type: Browser Based
  • Front End & Back End
o   Language & Technology: ASP.Net (C#)
o   Database: SQL Server 2008


Availability of eXBace

A)   Standalone Application: Software as a Solution
B)   SaaS: Software as a Service


What is eXBace?
eXBace is a solution for converting Financial Information of the Company in XBRL Format as per MCA mandate.

eXBace - Advantage

State-of-the-art User Interface

A.) Our Solution eXBace not only overcome the challenges of managing large amounts of information but also gives its users a single view of complexity only.

B.) eXBace is so designed keeping in mind the most generalized view of the end users hence, its provides the simplest but still the comprehensive usability options for its users.

C.) eXBace is fully loaded applications with extensive online help, knowledge bases, and other elaborate forms of user assistance. eXBace integrate helpful hints and descriptions with the main user interface, using on-screen instructions, beefed-up super-tooltips, and click-tips.


Facility to manage the most favorite options: eXBace comes with the unique feature user directly can choose & set most favorite options for frequent usage.

Matchless Flexibility

We understand that users required flexibility and operational convenience at high priority. eXBace is so designed that it offers world class, matchless Functioning Handiness to its users.
eXBace is available in a way that it completely eradicate Geographical Resistance and hence offers its users the facility to work from Anywhere and at Any time. It is a package which is developed to cater the need of 24 X 7 requirements.

eXBace also provides the flexibility to work from Remote Locations and works in an unbounded circumstances. It totally eliminates the factor of client site resistance for support purpose.

Innovative Automation (Auto Calculations)

eXBace Application is developed in such a manner that the user need not to go for any training. In other words Training need for:

  • Working for XBRL Format
  • Instance Document Preparation as per MCA Schema and Taxonomy
  • Others…
There is totally no requirement for users to grasp even the basic of the above mentioned. User just needs to enter the information related to its Organization (Financial Information) in the respective places and sit back and relax waiting for the perfect output.

eXBace comes with the feature of Auto Calculations, this results in:

  • Eliminate the need of Training
  • Reduced Numbers of Inputs: One Time Entering of Specific data is sufficient
  • Reduced Clerical work
  • Saves Time 
  • Increase Accuracy
  • Reduce Per Return Cost


Revolutionary Validations

Presently Market is full of XBRL solutions, but most/ all solutions rely commonly on the MCA Validators (Issued by MCA) for accuracy of the reports / outputs.

eXBace is unique solutions that gives its users a facility of Revolutionary Validations which works at the right time and at the right position. These Validations are designed keeping in mind all Business Rules and hence are highly efficient and Time Saving.

These Validations are present at the entry level where the user needs to be more cautious as a single wrong entry may result in false reports. Due to these Validations eXBace helps user with highly efficient operating environment, which generates:

XBRL Returns in One Go………………..

Fail-Safe Accuracy

Generation of XBRL Instance document is the outcome of every XBRL Software, but providing the output with minimum / no errors is very important.

eXBace have numbers of features specially incorporated in order to avoid human errors while entering the Financial Information. In case erroneous input is reported than there is an unique facility in eXBace to overcome it. This is:

Error Locator

eXBace Provides facility to indicate and eradicate errors at distinct locations. Also it gives you the Facility to directly navigate to the erroneous locations and remove them.

Online Scrutiny Facility via CIN Verification

Increase accuracy by Importing Company Information as Per MCA database.

Pioneer Import – Export Features

eXBace is loaded with all the facility of Import / Export

Import data from Excel, PDF, XML
Export all data in XLS, XML format 
 
Along with the above mentioned features, eXBace also provide a Pioneer Import/ Export feature which makes it unique among others. This is:
 
Inter Company Import/ Export

Advantages: 
  • Single Time Information Punching (Non-Financial data)
  • Saves Time
Rights Management Facility – That fortify your work
Integrity & Security:

eXBace provides high end Security features:

  • Protects your information against accidental or malicious disclosure without impacting productivity or collaboration.
  • Ensure internal and external recipients have direct access to the latest version of a document, regardless of where or when they need it.
  • Dynamic Administrative control so you can change who is authorized to view content no matter where it is located
.
Rights Management

eXBace Comes with the Facility of group creations. Rights Management Services is used for restricting access to rights-protected content to authorized users only. It restricts the Admin to allow doing the Read or editing Option of various fields in the software.
 
Make it your own Brand – White Labeling

KDK Softwares gives its enterprise customers a facility of white labeling on the eXBace. Now Customer can have the feeling of ownership of Product purchased.

Benefits of White Labeling:
  • Low in Price and High in Value
  • Branding Free

Makes you global, being Local
  • It gives you the centralized data secure and easy to backup. Information is accessible anywhere in the world.
  • Online training can be completed at user’s own time and place Employees located at different locations, on the road or even abroad; all have direct access to current information.
  • No installation process!
  • No admin rights required finally, a world where the network administrator in the company does not have to approve the installation of your software!
  • Available anywhere, anytime Ok, so the anytime comment is a stretch.
  • Less environmental conflicts there are certainly going to be a lot less bugs in Web based software, due to the fact that it is not depending on any of the hardware.
  • Enables social possibilities: Give the ability to share your work in real time.
Email your Instance Document
eXBace gives you facility to send your Instance Document through eMail.

Email us at: info@kdksoftware.com

Call at: 0141- 4123456
Read more →