The "iXBRL format" (Inline eXtensible Business Reporting Language) is an internationally standardized format for the digital reporting of financial and business data. It combines human-readable HTML documents with machine-readable XBRL tags, enabling financial reports to be both visually accessible and automatically processed by software systems. iXBRL is widely used for the electronic submission of annual financial statements and business reports to regulators and stock exchanges.
iXBRL Tagging: Automated or manual tagging of financial data with XBRL tags for semantic identification.
Report Conversion: Converting existing financial documents (e.g., PDF, Word, Excel) into the iXBRL format.
Validation & Consistency Checks: Verifying iXBRL reports for formal and content accuracy based on regulatory taxonomies (e.g., ESEF, HMRC).
Taxonomy Management: Integration and updating of country- or industry-specific XBRL taxonomies.
Preview and Review Mode: Displaying the iXBRL report in an HTML preview for internal approval or review purposes.
Report Export & Submission: Creating the final iXBRL document for electronic submission to authorities or financial market supervisors.
Multilingual Support: Creating and managing iXBRL reports in multiple languages for international operations.
Audit Trail & Change Tracking: Documenting edits and changes for traceability and audit compliance.
A publicly listed company creates its annual report in accordance with the ESEF regulation in iXBRL format for submission to the financial supervisory authority.
A UK-based company submits its financial report digitally in iXBRL format to HMRC (His Majesty’s Revenue and Customs).
An international corporation automatically converts a business report written in Word into a compliant iXBRL document with embedded tagging.
An auditor reviews the proper tagging and structure of the report via an iXBRL HTML preview before publication.
