The ideal solution for accountants
who prepare accounts outside of
an Accounts Production system,
or use Microsoft Word or Excel
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A simple process. Just upload the Microsoft Word or
Excel document and IRIS OpeniXBRL will tag your accounts,
ready for you to review and send to HMRC.
Key benefits
- No changes to the way you currently produce accounts
- No specific knowledge of iXBRL required
- No software to install, run or maintain
- Takes half the time of manual ‘drag and drop’
systems
- Rapid, accurate ‘learning engine’ reduces risk
of miss-tagging
- Audit trail delivers inbuilt accountability and
transparency
- Fully compliant with the HMRC
mandate
How IRIS OpeniXBRL works
Accessed via a standard Internet browser, IRIS OpeniXBRL
intelligently tags the numeric data and free text held in Microsoft
Word or Excel documents, using the relevant taxonomy (UKGAAP
or IFRS).
The unique ‘learning engine’ enables IRIS OpeniXBRL to
auto-complete, scan, recognise and tag your content. The
system makes smart, predictive tagging decisions, which are
recorded to provide even faster tagging in subsequent
years.
Intelligent tagging
Its online nature also means every UK submission on the system
contributes to the accuracy of your tagged content – rather than a
manual system where your accounts are only corrected by your own
submissions.
The software incorporates a ‘traffic light’ system to prioritise
review activity, with an intuitive, split screen view for rapid
cross-referencing.
View the free IRIS
OpeniXBRL Taxonomy, a complete library of iXBRL tags
To learn
more information and to see a demo call us
on 0844 815 5530
If you have been unable to find a PTP accountancy practice
product that meets your requirements, why not take a look at the
IRIS Practice Software
suite.