eXtensible Business Reporting Language (XBRL) is a global standard for exchanging business information such as financial statements or other such information. Dynamics NAV can export financial data using the XBRL standard.

The idea is that someone who wants to get financial information from you would provide you a taxonomy (an XML document), which would contain one or more schemas with lines you should fill out. You would import this taxonomy into the program and fill out the schema or schemas by entering the account or accounts that correspond to each line in the schema and other required information. Once it is filled out, export it from the application and send it to the requester.