XBRL files

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Carlos

30 Jul, 2020 04:26 PM

Hello
I downloaded a trail of Moneydance because I have read it can open XBRL files but it seems it can't. Does anyone know how to open XBRL files with this software?
Thankyou!

  1. Support Staff 1 Posted by Ethan on 30 Jul, 2020 07:29 PM

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    Hello,

    I'm not familiar with that file format. A quick search seems to show that it's a format for business financial records, but Moneydance is a designed for personal finance tracking. Can you clarify where you read that Moneydance supports these files? Perhaps someone has figured out how to use them in the program.

    Ethan
    Infinite Kind Support

  2. 2 Posted by dwg on 30 Jul, 2020 10:12 PM

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    I'm a fellow user.

    Older versions of Moneydance were able to save data in a Moneydance XML format and hence read it, but this was removed some years ago when Moneydance moved to always encrypting data. Perhaps this was the reference.

  3. 3 Posted by Carlos on 01 Aug, 2020 03:13 PM

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    Thank you for your replies.

    I found information about Moneydance and XBRL here: https://fileinfo.es/extension/xbrl, dated 2019. But dwg says this software no longer opens XBRL files.

    It seems there is no way to read XBRL files with a mac, except maybe with Excel but I have no Excel.

    Carlos

  4. 4 Posted by dwg on 01 Aug, 2020 09:04 PM

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    I suspect that reference may have been somewhat over optimistic. While XML may have been the base, it looks like the software may have extended the format so I believe it would have things in it that Moneydance would not have understood.

    Many programs could open such files but most I think would not be able to parse them and use the data correctly.

  5. Support Staff 5 Posted by Ethan on 01 Aug, 2020 09:11 PM

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    Hello Carlos,

    As far as I can tell, that page is inaccurate. I see that Moneydance is listed as a program that can open these files, but I also don't see it mentioned at all in the descriptions on that page, even though there is an extensive description on how to open this files in NotePad, the other main program mentioned. It also wouldn't make sense that Moneydance is only listed as being able to open these files on a Mac but not Windows, since the program is identical in almost every respect regardless of operating system. My guess is that whoever created this page just listed Moneydance in error, since there's really no explanation there that I can see (although I admit my Spanish isn't as good as it once was!).

    To be clear, dwg was talking about Moneydance no longer supporting XML files. As far as I know, we've never supported XBRL files.

    Ethan
    Infinite Kind Support

  6. 6 Posted by Carlos on 02 Aug, 2020 01:26 PM

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    Hello Ethan

    Thank you for your reply.

    I'm still trying to figure out how to open XBRL files on ios or windows. It is curious that in the same web page from where you can download the XBRL files (cnmv.es, which is the equivalent in Spain of the Securities Exchange Comission) they can't tell me which software should I use!

  7. 7 Posted by dwg on 02 Aug, 2020 09:55 PM

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    A true XML file just contains text so any program that can open text files should be able to open them, the problem is being able to make sense of them as that requires software than can parse the contents of the file and make use of the data that it contains.

    Compare this to a CSV file, if you open it in notepad it is just a series of lines with comma separated values, it looks a mess. Open it in a spreadsheet it understands what the commas mean and you get a simple structured table.

    Someone may have just seen that this is a type of XML file, older versions of Moneydance can read XML files therefore Moneydance can read these files, which is totally wrong. It like the oft use example of invalid logic - All dogs have four legs, my cat has four legs therefore my cat is a dog.

  8. Support Staff 8 Posted by Ethan on 02 Aug, 2020 10:38 PM

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    That's certainly possible. However, because of the lack of description about how to open the files in Moneydance like the other programs they mention on that page, or really any reference of Moneydance at all besides that one link, I'm not even sure we can say they went as far as using that invalid logic. And if they did, it was logic without empirical testing!

    Ethan
    Infinite Kind Support

  9. 9 Posted by Carlos on 03 Aug, 2020 07:56 AM

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    Hi,

    I downloaded proof versions of the Altova software (as Altova Style Vision) on a Windows laptop, which claims to be able to read XBRL. I should say visualize the data, since it's no use in reading the code. But I failed to do so. Too complicated maybe.
    I thought it was possible to convert a XBRL file into a spreadsheet but I think I was confused.

    Thanks and regards

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