Excel to iXBRL Converter for Micro-Entity Accounts
Excel-Based Accounting for Small Businesses
Many UK micro-entities manage their bookkeeping using Excel or Google Sheets. While these tools are excellent for internal tracking and balance sheet preparation, they do not produce the technical iXBRL format required by Companies House.
How to Structure Your Excel Balance Sheet
For a seamless conversion, your Excel file should clearly label the key FRS 105 categories. Common naming conventions that our AI recognizes include:
- Fixed Assets: Tangible assets, equipment, investments.
- Current Assets: Cash at bank, debtors, stock.
- Creditors: Amounts falling due within or after one year.
Benefits of Digital Extraction
Traditional iXBRL software often requires you to manually re-type every number from your Excel sheet into a clunky web form. QuickXBRL uses smart extraction to "scrape" your spreadsheet, identifying the labels and values automatically, which significantly reduces the risk of transposition errors.