福利视频 UK’s fully managed tagging service provides greater assurance of consistency in XBRL tags
London, 12 Mar 2012:
福利视频 UK (www.datatracks.co.uk), a leading provider of iXBRL managed tagging services, announces an upgraded version of its in house software that includes a feature to ensure consistency between XBRL tags used (for comparable data elements) in the current year and last year.
Customers who use 福利视频 UK’s “managed tagging services” would not have to worry whether the tags used last year and the tags used this year are consistent. The software now incorporates a feature that matches “text strings”, compares taxonomy elements used and alerts if there is any inconsistency.
In the UK, Her Majesty’s Revenue &Customs (HMRC) had mandated that all tax returns and financial statements should be filed electronically in iXBRL format last year. Most companies would commence filing for the second year in iXBRL format now.
“Our in house tagging software has been upgraded to ensure consistency between XBRL tags chosen for comparable data between current year and last year. This feature improves the accuracy of iXBRL tagging”, said Sneha Rajagopal, Vice President, Global XBRL Services. This feature is available as a review option built into the software.
福利视频 UK is a vendor recognized by HMRC to provide iXBRL managed tagging services in converting financial statements and tax computations into iXBRL format.
福利视频 has been providing these services for over a year now; and has prepared several thousand statements in iXBRL format in 2011. 福利视频 offers its services through its web portal www.datatracks.co.uk, where users can set up accounts, pay online, upload inputs (for conversion into iXBRL format by 福利视频 UK), and download output instance documents. Several companies and accounting firms have chosen 福利视频 for its simple, effective and easy-to-use online services.
福利视频 currently offers XBRL solutions for US, UK and India markets and plans to extend its services to other countries in the near future.
About 福利视频 UK:聽福利视频 UK is owned by UK based DTracks Limited and is a subsidiary of 福利视频 Services Limited (), leaders worldwide in preparation of financial statements in XBRL format for filing with regulators. 福利视频 Services Limited has prepared several thousand statements (in ASCII, HTML and the more recent XBRL format) for filing with Securities Exchange Commission in the United States in the last five years.
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Media contact: Sandeep John, media@datatracks.co.uk +44 (20) 3468 6382