XBRL Conversion Services
We have a dedicated team for XBRL conversion services, which comprises of domain experts in this field. Many big corporate houses rely on us to get their Financial Statements converted in XBRL format as per specified taxonomy and business rules.
Contrary to general perception, XBRL software plays only 10-15% role in conversion process and remaining 80-85% is dependent on the domain knowledge of Financial Statements while tagging and placing of notes with appropriate section only.
Scope of work
Our scope of work will be to convert the Financial Statements in the XBRL format using the specified Taxonomy and Business rules for the relevant Financial Year.
Following documents comprising of Financial Statements will be converted in XBRL format:
- Director’s Report and related Annexures
- Auditor’s Report and related Annexures
- Balance Sheet
- Profit and Loss account
- Cash Flow Statement
- Notes to accounts
XBRL compliance requirement is applicable on some selected companies, which comprises approx. 3% of the total companies registered/incorporated (approx. 9 lacs companies) in India. The threshold limits for XBRL compliance requirement is given below:
- Listed companies and their subsidiaries (excluding overseas subsidiaries) OR
- Unlisted companies having paid up capital of Rs. 5 Crore and above OR
- Unlisted companies having a turnover of Rs. 100 Crore or above
BC’s conversion process
Note: We also help our clients in uploading of XBRL documents on MCA website.
Why our clients rely on us?
Our credentials for XBRL conversion services