Topic: General Posts
Message:
I have a startup that I am working with and a question came up about SEC filings. The goal is to turn an Excel financial report into XBRL for SEC submission. There are tools out there (e.g. www.datatracks.com) but we have zero experience with them. Do you know of a good one or have you done any work in this area? Or, do you know anyone that has used these types of tools?
Thanks!
William
Subject: Re:XBRL Reporting Tools
Message:
Hi William,
If the excel file is the source for 10-K or 10-Q face financials and disclosures, all value concepts will have to be mapped to the US GAAP taxonomy within some type of XBRL software so you can create the company taxonomy. Are you looking for software that will allow the import of values from excel into XBRL software? I work with RRDonnelley as an XBRL specialist and RRD has software, Active Disclosure and Active Link, that will allow excel to be the source for financial statements and disclosure tables that are embedded into a MS Word file, which is the source file for the 10-K and 10-Q html and mapped taxonomy. But the MS Word value concepts still have to be part of a content control that are mapped to a company taxonomy within the Active Disclosure software. If you would like to discuss further, please reach me at [email protected] and we can schedule a call. Thank you
Mark
Subject: Re:XBRL Reporting Tools
Message:
Thank you. I have passed along your information to Mike O'Brien from FinancialForce. He will be in touch (if he hasn't already contacted you).
Regards,
William
Subject: Re:XBRL Reporting Tools
Message:
William - not sure of the specific software you mention. I'm a corporate controller with a middle market public company, and we installed Webfilings, now known as Workiva to handle our SEC documents, including the XBRL function. We have been very happy with it from both the document management, and XBRL side, plus enjoy the convenience of turning changes and filing on our schedule, rather than a financial printers.
Email me if you would like to discuss at [email protected]
Mark Koch