Alois Gutenberg Machines Pvt. Ltd.

We undertake the taxation, accounting, secretarial, audit, financial, insurance, investments and management consultancy services on case to case basis.

What is XBRL (eXtensible Business Reporting Language) is a language for electronic communication of business and financial data which is revolutionising business reporting around the world. It offers major benefits to all those who have to create, transmit, use or analyse such information.

XBRL India is the Indian Jurisdiction of XBRL International. Its main objective is to promote and encourage the adoption of XBRL in India as the standard for electronic business reporting in India. Members of XBRL India include regulators, stock exchanges, software companies and others.

All types of organisations can use XBRL to save costs and improve efficiency in handling business and financia information. Because XBRL is extensible and flexible, it can be adapted to a wide variety of different requirements. All participants in the financial information supply chain can benefit, whether they are preparers, transmitters or users of business data.

All types of organizations can use XBRL to save costs and improve efficiency in handling business and financial  information.  Because XBRL is extensible and flexible, it can be adapted to a wide variety of different requirements.  All participants in the financial information supply chain can benefit, whether they are preparers, transmitters or users of business data.

By using XBRL, companies and other producers of financial data and business reports can automate the  processes of data collection.  For example, data from different company divisions with different accounting systems can be assembled quickly, cheaply and efficiently if the sources of information have been  upgraded to using XBRL. A company finance division, for example, could quickly and reliably generate  internal management reports, financial statements for publication, tax and other regulatory filings, as well as credit reports for lenders.  Not only can data handling be automated, removing time-consuming, error-prone processes, but the data can be checked by software for accuracy

Users of data which is received electronically in XBRL can automate its handling, cutting out time-consuming and costly collation and re-entry of information.  Software can also immediately validate the data,  highlighting errors and gaps which can immediately be addressed.  It can also help in analysing, selecting,  and processing the data for re-use.  Human effort can switch to higher, more value-added aspects of  analysis, review, reporting and decision-making.  In this way, investment analysts can save effort, greatly.

XBRL (eXtensible Business Reporting Language) is a language for electronic communication of business and financial data which is revolutionising business reporting around the world. It offers major benefits to all those who have to create, transmit, use or analyse such information.XBRL India is the Indian Jurisdiction of XBRL International. Its main objective is to promote and encourage the adoption of XBRL in India as the standard for electronic business reporting in India. Members of XBRL India include regulators, stock exchanges, software companies and others.
Benefits and Uses for Business 
All types of organisations can use XBRL to save costs and improve efficiency in handling business and financial information.  Because XBRL is extensible and flexible, it can be adapted to a wide variety of different requirements.  All participants in the financial information supply chain can benefit, whether they are preparers, transmitters or users of business data.
Data Collection and Reporting
By using XBRL, companies and other producers of financial data and business reports can automate the processes of data collection.  For example, data from different company divisions with different accounting systems can be assembled quickly, cheaply and efficiently if the sources of information have been upgraded to using XBRL. A company finance division, for example, could quickly and reliably generate internal management reports, financial statements for publication, tax and other regulatory filings, as well as credit reports for lenders.  Not only can data handling be automated, removing time-consuming, error-prone processes, but the data can be checked by software for accuracy.Small businesses can benefit alongside large ones by standardising and simplifying their assembly and filing of information to the authorities.
Data Consumption and Analysis
Users of data which is received electronically in XBRL can automate its handling, cutting out time-consuming and costly collation and re-entry of information.  Software can also immediately validate the data, highlighting errors and gaps which can immediately be addressed.  It can also help in analysing, selecting, and processing the data for re-use.  Human effort can switch to higher, more value-added aspects of analysis, review, reporting and decision-making.  In this way, investment analysts can save effort, greatly simplify the selection and comparison of data, and deepen their company analysis.  Lenders can save costs and speed up their dealings with borrowers.  Regulators and government departments can assemble, validate and review data much more efficiently and u

We undertake the taxation, accounting, secretarial, audit, financial, insurance, investments and management consultancy services on case to case basis. We look forward to a pleasant meeting with you and giving you a complete updates on above subject.