（2007）Its Time for GL-enabled Software.pdfVIP

XBRL It’s Time for GL-enabled Software | B Y G I A N L U C A G A R B E L L O T T O Those involved with the development of XBRL process that will bring value to their products and customers. have worked for years to encourage the business re- porting supply chain to move forward on XBRL GL Dear Accounting Software Vendor, Your customers are hearing about together. Previous columns have discussed the benefits the eXtensible Business Reporting and advantages of XBRL GL to the user community. Language (XBRL) and how it may af- fect them. It’s time to take the ini- tiative and communicate your com- I’ve explored the rationale behind XBRL adoption in the United States pany’s XBRL plans. Many software adopting XBRL GL from many dif- and abroad, I believe that a proactive companies are considering how to ferent perspectives: The benefits are approach would be far more benefi- add XML (Extensible Markup Lan- compelling, the potential is incredi- cial than a “wait and see” strategy. guage) capabilities to their products ble, and the need is crying out. Yet no Adding XBRL GL capabilities to ac- as either a standard import/export major accounting software packages counting and financial softwar