iXBRL tags are automatically applied to figures in columns. Tags can be added manually, reviewed and changed simply by dragging them from the hierarchical list of tags and dropping them onto the appropriate paragraph, word, number or date. CCH iXBRL Review & Tag requires very little training, so you can be up and running almost immediately.
Supports all published taxonomies, including UK GAAP and IFRS. You can also load sector-specific taxonomies and extensions, for example for banking, insurance and charities. CCH iXBRL Review & Tag displays either the full list of tags or HMRC's simplified minimum tagging list.
To reduce the possibility of filing errors, the 'Verify iXBRL' function checks the technical validity of tags and how they've been applied. The Exception pane lists key tags that are missing or incorrect.
Clients can carry on providing accounts in Microsoft Word or Microsoft Excel, using the internal systems they're already familiar with.
The CCH iXBRL Review & Tag software produces a standard iXBRL accounts file that can be filed online using CCH Corporation Tax or third-party software, including HMRC's own free system, so you're not tied to a particular supplier.
No need to send client accounts data to a third-party for processing.
CCH iXBRL Review & Tag has an optional module that allows you to file iXBRL accounts direct with Companies House. With this module you can file UK GAAP accounts simply by selecting the 'Submit Accounts' option.
The system maintains a submission database recording the full details of the filing, including the member of staff who filed the accounts, the response received from Companies House and a copy of the iXBRL accounts that were filed.
CCH iXBRL Review & Tag software is part of Wolters Kluwer's suite of software products which share data through CCH Central, making it possible for you to report, access and use accounting, tax and practice management information across the entire practice.
“Whatever system we chose also had to be sufficiently robust to deal with the very large sets of accounts that we were producing. The Wolters Kluwer software fitted the bill in all respects.”
“We’re very impressed with what the Wolters Kluwer software can do. What really stands out is the superior presentation of the tagged accounts... The tagged files produced by the Wolters Kluwer software are so good they look like a print preview of the original accounts.”
"The review facilities in CCH iXBRL Review & Tag really impressed us… Obviously a lot of thought has gone into the design."