ICAEW Accreditation for DataTracks' Managed iXBRL Tagging Services in UK

Institute of Chartered Accountants of England and Wales (ICAEW) has awarded accreditation to DataTracks’ Managed iXBRL tagging services in UK.

DataTracks, a provider of iXBRL managed tagging services in UK, claims to be the first company to win the ICAEW accreditation.

Industry experts opined that the accreditation reinforces DataTracks’ position in the iXBRL services marketplace in the UK.

Officials with DataTracks said that this accreditation from a professional body of accountants is one more testimony to the reliability and quality of services provided by the company.

According to company officials, DataTracks provides iXBRL conversion services with quick turnaround to accounting firms and companies in UK. DataTracks is equipped with the tools and processes to deliver high quality iXBRL services.

“We are glad to have this accreditation from ICAEW. This provides a great platform to offer our services to all the ICAEW members”, said Shyam (News - Alert) Sekar, Sr. vice president, business development, DataTracks UK, in a statement.

Company officials pointed out that DataTracks is one of the first service providers to be recognized by HMRC for converting financial statements and tax computations into iXBRL format.

DataTracks offers its services through its web portal where users can set up accounts, pay online, upload inputs and download output instance documents. Several companies and accounting firms have chosen DataTracks for its simple, effective and easy-to-use online services.

The company, which has prepared several thousand statements in iXBRL format since the launch of its services in 201, currently offers XBRL solutions for US, UK and India markets and plans to extend its services to other countries in the near future.

Recemtly, DataTracks UK announced its plan to extend its services to meet Companies House iXBRL requirements.

DataTracks UK has been helping companies and accounting firms to convert their financial statements into iXBRL format for filing with HMRC.