Peter McCloskey
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IXBRL tagging tool for Excel

IXBRL tagging tool for Excel

We use Digita for accounts and CT and it takes care of IXBRL filing. But we have a few very small companies whose accounts are produced on Excel 2010 and we would like to produce IXBRL accounts directly to save the time and effort of setting them up in Digita. Can anyone recommend a cost-effective tagging solution?

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02nd Mar 2012 09:00

Cost less than £200 per annum

Cost less than £200 per annum - VT accounts.

Manual entry onto the TB from your Excel spread sheet

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02nd Mar 2012 09:07

Self tagging

See previous thread http://www.accountingweb.co.uk/anyanswers/question/can-i-convert-excel-ixbrl

Philip Hodgson
VT Software

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By ChrisDL
02nd Mar 2012 09:36

Talk to Digita

They have an application which can import Excel files and allow them to be manually tagged to create iXBRL

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02nd Mar 2012 17:23

VT

As I understand it, if you are to use  VT, you have to first produce/genetate a set of final accounts using the VT template/work book, followed by conversion into ixbrl formatted accounts.

Ie you can not convert/tagg  your self generated excel ( non vt work book) accounts into an ixbrl set of accounts.

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johngroganjga
04th Mar 2012 08:27

VT and self tagging

Martin B wrote:

As I understand it, if you are to use  VT, you have to first produce/genetate a set of final accounts using the VT template/work book, followed by conversion into ixbrl formatted accounts.

Ie you can not convert/tagg  your self generated excel ( non vt work book) accounts into an ixbrl set of accounts.

VT can generate an iXBRL accounts or tax comp file from any Excel workbook, not just from the pre-tagged templates included in the package.

Philip Hodgson
VT Software

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By johnt27
16th Mar 2012 15:01

Iris has a programme that will tag word and excel documents automatically. It looks for phrases such as turnover and will tag corresponding numbers without the need for manual tagging. All you have to do is check the tagging is accurate and do any manual tags that the software can't identify.

I haven't used it as we use SAPA for tagging, but seen a demo and very impressed.

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19th Mar 2012 09:24

best tagging

Without doubt VT accounts is the easiest and quickest to tag up an excel set of accounts. We tag all our accounts - it takes about 15minutes and once tagged can be used for subsequent years. It is also good for tagging the corporation tax computation and very quick.  VT could help by putting a tutorial on youtube as it takes a little getting used to.

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