This week our blog will focus on another common task that can be automated with GoFiler. When working on an XBRL file, test filing it with the SEC is very routine. GoFiler can validate it, but there is no substitute for pushing it up to the SEC to see if it will pass or fail a test filing. Right now, to test file an XBRL file, a project must be created, and the XFR file must be exported to an XBRL fileset. Then the files should be attached to the project. Then you need to attach a dummy HTML or TXT file onto the project as a primary document before finally test filing it. This whole process can take 3-4 minutes . While that doesn’t sound like a lot, it can be annoying to have to do it over and over again while working on multiple filings. Using Legato, however, we can streamline this process down to a single button press.
Continue reading "LDC #36: Automated Test Filing XBRL, Part 1" »