Archive for the ‘Annual Report Printing’ Category

Preparing for the iXBRL Mandate – 2019 & Beyond

Friday, November 15th, 2019

RDG is one of the largest filers of iXBRL documents with the Securities & Exchange Commission.

Below are some details that we hope will shed some light for you regarding the iXBRL mandate.

What is iXBRL?:

iXBRL is short for Inline eXtensible Business Reporting Language. It is essentially a hybrid of your EDGAR & XBRL documents:   HTML + XBRL = iXBRL

Why iXBRL?:

Potential benefits the SEC has outlined regarding the move to iXBRL:

  • Gives the preparer full control over the presentation of XBRL disclosures within the HTML filing.
  • Helps eliminate inconsistencies between HTML and XBRL filings and improve the quality of the data.
  • Enhance the usability of disclosures (already tagged in XBRL) for reviewers and investors who no longer have to view the XBRL data separately from the EDGAR document.

When do you begin filing in iXBRL?

Filers will be required to file with iXBRL with their first Form 10-Q filed for a fiscal period ending on or after:

  • Large accelerated filers that use U.S. GAAP will be required to comply beginning with fiscal periods ending on or after June 15, 2019.
  • Accelerated filers that use U.S. GAAP will be required to comply beginning with fiscal periods ending on or after June 15, 2020.
  • All other filers will be required to comply beginning with fiscal periods ending on or after June 15, 2021.

To review the notes from our June 2019 Webinar on iXBRL implementation, please click here.

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Friday, September 27th, 2019

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Translating your Print Invoice

Thursday, October 12th, 2017

If you have ever printed with one of the big Financial Printers, please try to find your last invoice.  Chances are the invoice includes as many as 15 line items for each document.  Many of these line items are purposefully abstruse, and some are simply absurd.  Below you will find a translation from Invoice-ese into Real-talk.  If you see any of the following line items on your print invoice, they should raise a red-flag.

Let’s start with a simple one:

  • LINE ITEM: “Page(s) duplicated from a previous file and processed into new document”
  • TRANSLATION: “We’ve already created this part of the document in the past so no new work was necessary. However, we are taking this opportunity to bill you for the work once again.”

Here’s are two related doozies:

  • LINE ITEM: “File(s) converted to PDF”
  • TRANSLATION: “Although it takes only 1-2 seconds to create a PDF, that won’t stop us from charging you for it.”
  • LINE ITEM: “Electronic Digital Book Proof”
  • TRANSLATION: “We already charged for creating a PDF proof of your document, but we also want to charge for sending a fancy proof too. It only required a moment of time, but nonetheless… ka-ching.”

I saved my absolute favorite for last:

  • LINE ITEM: “Email(s), per address”
  • TRANSLATION: “We think we can get away with charging to send you an email, as if there was another way for us to send you your proofs.”

We here at RDG Filings have typeset & printed many thousands of Annual Reports, Proxies, and Transactional Documents, and we find it neither necessary nor reasonable to charge for processes that only require a few clicks of the mouse.  We provide both print quotes and print invoices that are simple & transparent.

RDG Filings offers fast turnaround, high-quality printed material, and quick delivery to transfer agents from our NYC area press facilities.

We will be happy to get a No-Obligation Quote for you.  Please contact us anytime!

Stewart Walker