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WELCOME TO ONLINEXBRL.COM: Financial Solution for All XBRL Services

We at OnlineXBRL.com are a diverse group of young, educated, and dedicated professionals committed to providing our clients honest, clear and sustainable performance and 100% satisfaction with our XBRL Services.

Our team has quite seven years of expertise, and we are well-versed in doing XBRL for Indian and international corporations. Our team has created more than 1800+ XBRL in more than seven years XBRL is a language for the electronic communication of business and financial data, revolutionizing business reporting worldwide. It provides major advantages in preparing, analysing and communicating business data.

It offers cost savings, improved accountability, and reliability to all those supplying or using financial data. It’s already being placed to practical use in several countries, and implementations of XBRL are growing fast around the world.

What is XBRL? XBRL stands for eXtensible Business Reporting Language. XBRL was created by XBRL International Inc., a nonprofit organisation dedicated to creating and promoting a unified global reporting language (XII).

XII is formed of several hundred members, together with :  Government Agencies  Account ing Corporat ions  Soft ware Package Corporat ions  Large and Small Companies  Lect urers  Business Report ing Expert s.

XII agrees with the essential specifications that outline how XBRL Services works.

XBRL is an open, royalty-free software specification developed through collaboration between accountants and technologists everywhere.

Together, they formed XBRL International, which is currently created from over 650 members and has world corporations, accounting, technology, government and financial services bodies.

Online XBRL is and will remain an open specification supported XML that's being incorporated into several accounting and analytical software tools and applications.

XBRL Software is a resolution for the Preparation & Filing of Annual Reports in XBRL Mode What is the website for XBRL of MCA?

https://www.mca.gov.in/XBRL/

What are the Benefits of XBRL Services?  Analysis and Communicat ion of Business informat ion  Reduces t he Manual informat ion ent ry  Cost and Time economical,  Meet ing IFRS Demand  Qualit at ive informat ion and Decision making  Allows t he st raight forward t ransmission of dat a bet ween businesses  Improved accuracy and reliabilit y t o any or all t hose concerned in providing or exploit ing financial dat a.

XBRL Applicability MCA: What category of corporations is needed to file monetary statements as per XBRL?

According to the provisions of the Companies Act, 2013 read with Companies (Filing of Documents and Forms in XBRL) Rules, 2015, the following category of corporations shall file their finances with the Registrar in eform AOC-4 XBRL. XBRL Filing Requirements are as per the list of conditions given below.  Businesses based in India or having an Indian st ock market list ing  Companies having paid up capit al of 5 Crore rupees or higher t han,  Companies having a t urnover of 100 Crore rupees or higher t han,  All companies t hat are needed t o prepare t heir financial st at ement s following Companies (Indian Account ing St andards) Rules, 2015

XBRL Requirement : Provided that the companies preparing their financial statements under the Companies (Accounting Standards) Rules, 2006 shall file the statements using the Taxonomy provided in Annexure-II and companies preparing their financial statements under Companies (Indian Accounting Standards) Rules, 2015 shall file the statements using the Taxonomy provided in Annexure-II A.

How do companies produce statements in XBRL? There are several ways to create financial statements in XBRL: XBRL-aware accounting software products are getting obtainable, which can support the export of data in XBRL form. These tools enable users to map charts of accounts and alternative structures to XBRL tags.

Data from accounting databases are often extracted in XBRL format. It's not strictly necessary for accounting software vendors to use XBRL; the third-party product can do the transformation of the data to XBRL. Applications can convert data in particular formats into Online XBRL Services. The route an individual company could take can rely on its requirements and the XBRL accounting software and systems it presently uses, among alternative factors.

About MCA XBRL Validation Tool

MCA XBRL Validation Tool ensures that solely those XBRL documents; that satisfy the necessities of Taxonomy and Business Rules are filed with MCA under the Companies Act, 2013.

It is a very important means for raising the standard of financial information/disclosures in XBRL. Successful validation of the instance document is mandatory before filing the MCA portal's balance sheet and profit & loss account.  Aft er validat ing t he XML XBRL File,  You must select "Prescrut iny" below t he File Opt ion.  Select scrut iny, and you will get "No Prescrut iny Errors Occurred" displayed on t he MCA Validat ion Tool & now you're able t o go.  If you need a PDF file for t he same, t his will be done by choosing t he "Export t o PDF" opt ion.  Opt for t he XML XBRL file where saved, and it 'll produce a PDF for t he same and save it in your syst em for fut ure reference.

Which class of companies is exempted from filing financial statements in XBRL? Non-banking financial companies, Housing finance companies and Companies engaged in the business of the Banking and insurance sector business are exempted from filing financial statements under XBRL. There is no need to meet XBRL reporting requirements as per companies act 2013.

Who are the XBRL Software Vendors?

XBRL Services are provided by the following vendors :  Adept Infoways Privat e Limit ed

 Kerberos Syst em Cont rol Pvt Lt d.pdf

 Alphabricks Technologies Privat e Limit ed

 MAIA Int elligence PVT Lt d

 AriveGuru Technology Solut ions Pvt . Lt d.

 MICROVISTA TECHNOLOGIES

 BEYONDSQUARE Solut ions Pvt . Lt d.

 Pagaria Consult ancy Services Limit ed

 CCH Pro syst em India Pvt .Lt d

 Professional Soft ec Pvt Lt d

 Chart ered Informat ion Syst ems Privat e Limit ed

 Relyon Soft ech Lt d

 C-MOTS Int ernet Technologies Pvt . Lt d.

 Rhapsody Account ing and Advisory Services

 Dat aTracks India

Privat e Limit ed

 Ez-XBRL solut ions pvt .Lt d

 SAG Infot ech Privat e Limit ed

 Innodat a India Pvt . Lt d.

 Sensys Technologies Pvt . Lt d

 KDK Soft wares(I) Pvt Lt d

 Shriram Value Services Pvt . Lt d

 IRIS Business Services Limit ed

 Skorydov Syst ems Privat e Limit ed

 SOFTPARK 21 INDIA

The above vendors needed XBRL services, and their prices are also as per industry norms; for example, Webtel XBRL Software Price is also as per the nature of the work.

XBRL Filing Requirements or Documents Needed

The following documents are required for Online XBRL filing:  Balance Sheet in excel format  Profit and Loss St at ement in excel format  Cash Flow St at ement in excel format  Schedules associat ed wit h record and Profit and Loss St at ement in excel format  Not es t o Account s in excel format  Audit and Annual Report in word file  Relat ed Part y Chart  Fixed Asset s Chart of Last Year  Last Year Inst ance file/ PDF File for reference

Frequently Asked Questions How Does XBRL Works?

XBRL makes the data readable with the help of two documents:.

Taxonomy: Taxonomy defines the elements and their relationships based on the regulatory requirements Instance document: XBRL instance documents are business reports in an electronic format created as per the XBRL rules

What are the potential uses of XBRL? Who can benefit from using XBRL? Who developed XBRL? Where can I find software which will help me create or use XBRL? Does XBRL cause a change in accounting standards?

What benefits do a company have from putting its financial statements into XBRL? Does XBRL benefit the comparability of financial statements?

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