Saturday, May 10, 2014

Bigfiling - Future of “Online Compliance Solutions” - BigXBRL supports XBRL 2.1

BigFiling introduces BigXBRL, a Web-Based XBRL filing Software Tool for efiling of Form 23AC and 23ACA with MCA. BigXBRL tool allows companies to quickly convert their financial reports into XBRL documents. BigXBRL generates XBRL reports that are fully compliant with MCA guidelines and provides a friendly spread sheet interface to the users, enabling them to map and generate instances from their existing financials.

BigXBRL provides a unique, integrated suite of products and services that provides customers with a “Complete XBRL Solution”. BigXBRL is a self-sufficient tool capable of filing XBRL on end-to-end basis. It is a powerful, yet simple application that enables users to create XBRL instances effortlessly. Users can easily create XML Reports for XBRL without having any pain of learning the XBRL specifications. BigXBRL manages all complexities of XBRL specification in the background, allowing users to focus on the financial information. The core of BigXBRL is built on global standard methodologies suitable to prepare, publish, validate, exchange and analyze business information.

BigXBRL features all the essential functions of creating XBRL documents. These functions include the creation and management of taxonomy along with creating valid XBRL document instances. 

The primary features includes 

       Full compliance of MCA Business Rules and Taxonomy,
·         Full compliance of XBRL International 2.1 Specification,
·         XBRL reports for 3 Financial years  i.e. ;
a)      FY 2011-12 XBRL filings.
b)      FY 2012-13 XBRL filings.
c)       FY 2013-14 XBRL filings.
·         Simpler Version of Taxonomy with synchronization of elements into groups,
·         Summary based Reconciliation of Schedules with Balance Sheet values,
·         Maker-Checker feature for XBRL audit by chartered professional,
·         Interactive View option for MCA filers based on International Standards
·         Powerful-Yet-Easy Validation tool for removing errors of XBRL reports.

BigXBRL supports XBRL 2.1 specifications and complies with the XBRL conformance suite. It also includes a powerful, rules based validation engine that supports all validation rules of MCA Taxonomy. Thus, bigXBRL provides a quick, easy and reliable way of XBRL filing as per the MCA mandate.

For More details visit website at

About the Author:
Uday Khemka is based in Bangalore. He is very enthusiastic for technological developments of Accounting and Finance fields in India. After completion of his studies (Chartered Accountancy), he has been working for XBRL filings in India and US. He truly believes that in India, there is vast scope for ONLINE revolution in Accounting and Finance sector.

Bonus Tip: XBRL is not tough; we just need to change the mentality.

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