XBRL

  • First in country to successfully file AOC-4 for XBRL - IndAS with MCA in 2018.
  • Rhapsody XBRL is a vendor listed with MCA.
  • More than 1200 companies are filing AOC - 4 using Rhapsody XBRL.
  • Top 3 XBRL software vendor in India.

Rhapsody XBRL

A.) Technology

  • Online web based software
  • Access anywhere anytime
  • Multiple user under single licence
  • Multiple users - same filing
  • End to end outsourcing solution to convert IndAS financial statements/Annual report into XBRL

B.) Features Of XBRL - Planning & Researching

  • User-friendly, tag, ungag, edit features
  • Flexible data inputs (Direct copy paste from excel and by type also)
  • Inbuilt calculation link base for auto totaling
  • Current and previous year tagging at one go
  • Balance sheet and profit and loss account link with notes
  • All Generic business rules and specific business rules issued by MCA already inbuilt in the software
  • Excel template upload for bulk tagging of elements to reduce the work at least 40%

C.) Achievementss

  • First one to validate IndAS Instance Document with MCA IndAS validation tool
  • A listed vendor and XBRL software service provider on MCA XBRL website since 2011
  • On the MCA Committee to assist successful implementation of XBRL
  • Approx. 1500 filings every year take place through Rhapsody XBRL Application
  • Vadali Ravindra, our Founder and CEO, is a member of core group of ICAI for developing C&I taxonomy as per Revised Schedule III


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