An iXBRL file describes financial statements and transactions in a manner so that it becomes easy to compare. Here, elements of statements and transactions are tagged. Computers can recognize these tags, gather the data, analyze them and then can exchange them with other computers. The Sage Accounts application can tag the final accounts of your clients with iXBRL and makes them ready to submit to HMRC, Companies House and Revenue in ROI. We will discuss each of these processes separately.