Charlie Hymer, CPA – Regional Sales Director, reminisces about the old days of financial reporting and how XBRL will forever change its future. The financial reporting industry has changed drastically over the last 20 years. Not to date myself, but oh well, here goes.  I remember when I first started out at Arthur Andersen we [...]

Charlie Hymer, CPA – Regional Sales Director, discusses the upcoming conference held in Nashville on September 26th and 27th. XBRL has become the new global language in the financial industry due to the success of its rapid growth. This is exciting news for companies because with XBRL, making informed decisions based on accurate financial reports [...]

Charlie Hymer, CPA – Regional Account Manager, discusses the benefits of using XBRL for your financial reporting. It’s that time again — filing season. Compiling raw data into something people can understand is not only your job; it is something you like to do. Ok, others may think this is odd, but we accountants love [...]

Charlie Hymer, CPA – Regional Account Manager, comments on how to create value in a new era of SEC reporting. Cost is often a big factor in decision making when buying software, but choosing a quick and easy package is oftentimes not the right solution. Remember the excitement as a kid during the summer when [...]

As the financial world continues to evolve toward a transparent ecosystem through XBRL reporting, it’s interesting to see how open access to information can empower us in unpredictable ways. Take, for example, the October 12, 2010 article posted by David McCann on CFO Magazine’s website, “18,000 Tagging Errors in XBRL Filings So Far.” Thanks to [...]

Accountants are always looking for ways to automate, streamline, gain efficiency, and do more with less. Adding XBRL to the game doesn’t change this tendency-the trend so far has been to outsource the XBRL function. Compliance, though, can’t be outsourced. The review process becomes more critical and time consuming with this additional requirement, even if [...]

I recently posted the blog, XBRL Accountants in the Hot Seat and thought that I should spend a little more time on the “going” concern of XBRL vendors.  With the upcoming detail tagging mandate for Wave 1 filers and the Wave 2 mandate hitting at the same time, XBRL vendors will be working hard to [...]

With detail tagging just around the corner for Wave 1 filers, the initial filing for Wave 2 this year, and Wave 3 filers starting to get on board, it is critical that accountants continue their education on XBRL and their current vendor. Yes, I represent one of these vendors, Rivet Software.  Yes, I do have [...]

The Cloud Report is a validation tool created by a third party to assist with the XBRL filing process. In fact, some printers use this tool as their validation tool for their XBRL clients. Rivet currently uses its own proprietary tool to perform this function and does not rely on a third party for its [...]

The cloud of fear surrounding the next phase of the XBRL Mandate, Detail Tagging, has been growing darker as vendors release the numbers on just how many tags are going to be required to be compliant. The truth is, some companies’ notes have a whole lot of numbers (sometimes in the thousands) that are going [...]