Seahorse tackles Excel iXBRL
Seahorse, the online iXBRL tagging system, can now convert final accounts in Excel spreadsheets into the iXBRL format required for online filing with HMRC.
Developed by CoreFiling, Seahorse is a web-based application that imports final accounts and helps the accountant to apply the relevant iXBRL tags according to the GAAP under which the accounts were prepared.
For more than 18 months, Seahorse has been able to convert accounts created in Microsoft Word into iXBRL. The Excel edition uses the same technology and interface for accounts spreadsheets produced by Excel - still the most popular mechanism for accounts production within the accountancy profession.
“Seahorse is already relied upon by a growing number of corporates and accounting firms who value its automatic tagging approach and the ability to ensure that iXBRL documents are fully validated before they reach the HMRC gateway. We are now delighted to extend this facility to preparers of Excel accounts,” commented Philip Allen, executive chairman of CoreFiling.