SAGE iXBRL Portfolio Update

The iXBRL Portfolio
Accounts Production

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Sage’s XBRL / iXBRL Roadmap

Sage’s Approach to iXBRL
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To reduce the level of effort required by accountants down to the click of a few buttons
Sage’s iXBRL solution will come as a module to the existing Sage Accounts Production offering
The iXBRL solution will incorporate a significant reengineering of Sage Accounts Production which will see the generation of financial statement move from the current “Pages” section to a new module - Interactive Financial Statement (IFS)
The IFS interface is designed to be user friendly and is presented in a word/excel like interface

Exactly what will I be required to do?
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Download the IFS/iXBRL module from the Sage website or run from a CD
Run the mapping wizard:
- The mapping wizard will map the existing chart of accounts to IFS
- Where the chart of accounts has been altered, the mapping wizard will allow the user to manually map any remaining nominals
Prepare the financial statements from the client’s trial balance as normal in Sage Accounts Production
To view the financial statement - instead of clicking pages, simply click IFS
The financial statements are generated, with the iXBRL tagging in the background
Show iXBRL facility
Click submit button

IFS and iXBRL
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Fully configurable and customisable financial statements allow the user to make changes without the need to export to any other application
HMRC may eventually require financial statements to be fully tagged as opposed to partially tagged – the 1st April 2011 deadline.
IFS natively supports iXBRL and XBRL from the ground up and will allow fully tagged accounts to be produced from initial release
Our goal at Sage is to limit the impact on how you create a set of financial statements.

Sage Accounts Production
Our Approach
User Experience
IFS Editor
Final Accounts Produced
iXBRL File Generation
AP Products
IFS Viewer
User Experience
Maintains current investment and understanding

Benefits of the IFS
Error Report
Errors Warnings and Advice
Report Pads
User Defined Items
Drill Down
Greater functionality on the face
Styles
Greater influence over style

Component Parts
The Interactive Financial Statements – Component parts
The Mapping Wizard
The Styles Editor
The Compliance Editor
The Viewer
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The Styles Editor
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The Mapping Wizard

The Editor
This provides the power behind the IFS
Ability to specify your output
Without knowledge of formatting
Build your own pro-formas
Specify exactly the tabular output you wish

The Editor

Viewer
For 99% of users this will be all that they use
V1 will still retain current product
Reads off a templates
Very user friendly
Set options / discl / details etc... Within the new IFS module
Drill down
Journals posting for V1
Produce Accounts and iXBRL files

Contact
heather.hamilton@sage.com
peter.hutt@sage.com
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SAGE iXBRL Portfolio Update

by Conor O'Kelly

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