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SAGE iXBRL Portfolio Update

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XBRL Ireland Open day , Dublin 22 Nov 2010

XBRL Ireland Open day , Dublin 22 Nov 2010

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SAGE iXBRL Portfolio Update SAGE iXBRL Portfolio Update Presentation Transcript

  • The iXBRL Portfolio
    Accounts Production
  • 2
    Sage’s XBRL / iXBRL Roadmap
  • Sage’s Approach to iXBRL
    3
    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?
    4
    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
    5
    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
  • Sage Accounts Production
    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
    8
  • The Styles Editor
    9
  • 10
    The Mapping Wizard
  • Sage Accounts Production
    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
  • Sage Accounts Production
    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
    14