Every year around this time we start drawing up lists, making personal inventories, and resolving to do better in the coming year. But the truth is that very few of us achieve the laundry list of goals laid down in the typical New Year’s resolution. To err, after all, is only human. But Trintech’s Unity [...]

Competitive businesses are constantly trying to improve on productivity, demanding more and more value from their employees, processes and technology. Trintech’s new best practices guide to balance sheet certification can help.

an Interview with Gianluca Garbellotto We had the opportunity recently to interview Gianluca Garbellotto, Chairman of the XBRL GL Working Group, about the exciting advancements XBRL Global Ledger promises to bring to the financial close, consolidation, and reporting landscape. Mr. Garbellotto envisions a future where XBRL becomes the “glue” between discrete and traditionally disconnected software [...]

CFO’s are concerned about change. And they should be: recent financial crises have spawned a growing number of complicated financial regulations. With the globalization of finance highlighting the need for uniformity in information, change is practically being forced upon the Office of Finance. Software vendors have taken notice. Recent years have seen a proliferation of [...]

Software makers, like any business, are always on the hunt for new markets. Where a large enough problem exists, there are probably several automated software packages to solve for that problem. And financial governance is one huge problem facing many finance managers. But in the rush to comply with what can seem like an overwhelming [...]

(Tag Your 10-K with XBRL, Tag Your 10-Q with XBRL, Tag Your 20-F with XBRL) Preparing your financial statements (Form 10-Q, Form 10-K, Form 20-F) for the XBRL reporting required by the SEC is a two-step process: mapping comes first, followed by the actual XBRL tagging of the financial report itself. Mapping matches your financial [...]

A year ago, Trintech issued a document discussing looming changes in financial reporting, including eXtensible Business Reporting Language (XBRL) and International Financial Reporting Standards, (IFRS). XBRL is now well underway, and most companies are outsourcing the tagging to printers while also looking at embedded technologies to streamline processes and cut costs. IFRS preparations, however, continue [...]

The recent iXBRL mandate by Her Majesty Revenue & Customs (HMRC) requires that all statutory business tax returns be filed electronically using a technology called iXBRL or inline XBRL. After 31 March, 2010, paper filings will not be sufficient, and companies filing after this date must submit their tax returns online through the Government Gateway. [...]

Trintech recently became one of the first companies to file a fully XBRL-compliant Form 20-F with the U.S. Securities and Exchange Commission (read the press release about this groundbreaking XBRL filing here). The Form 20-F filing included detailed Level 1-4 XBRL tagging, and was completed by a cross-functional team of professionals working under the direction [...]

There are simply some entries that don’t fit the mold and need to be managed outside of the normal routines of accounting general ledger systems. Most often these entries are considered “manual” because they require human intervention in some form to move forward. These journal entries can be categorized as follows: Recurring/Standard Entries: Manual entries [...]