XBRL Services
Extensible Business Reporting Language (XBRL) is a standardized language used for presenting and exchanging financial and non-financial information in a computer-readable format. In the context of the Companies Act, 2013, the Ministry of Corporate Affairs (MCA) has mandated the use of XBRL for specific companies to submit their financial statements and other relevant information in electronic form.
The XBRL conversion services are offered by our team; specializing in XBRL taxonomy, tagging, and reporting. These service providers and assist companies in converting their Financial Statements and other relevant information from traditional formats into XBRL. Additionally, our professionals are on hand to help companies map their financial data to the appropriate tags in the XBRL taxonomy, ensuring accurate and consistent reporting.
By availing XBRL conversion services, companies can meet the MCA’s regulatory requirements for electronic filing, ensuring accuracy, consistency, and compliance with the Companies Act, 2013. Additionally, XBRL facilitates efficient data analysis, making it easier for stakeholders and regulatory authorities to access and interpret financial information for better decision-making and monitoring of companies’ financial health.