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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