Simplify Your XBRL Filing with Professional Assistance
Filing your financial statements in XBRL (eXtensible Business Reporting Language) format is a mandatory requirement for most companies in Singapore. However, the process can be complex, especially if you’re unfamiliar with the specific requirements and the technical aspects involved.
Our XBRL Filing Services are designed to make this process straightforward, ensuring that your financial statements are accurately converted and filed in compliance with ACRA’s regulations.
Why Choose Us?
Compliance Focused
Stay compliant with ACRA’s filing requirements with our comprehensive and up-to-date knowledge of the latest regulations.
Expert Knowledge
Our team has in-depth expertise in ACRA’s XBRL requirements, ensuring your financial statements meet all necessary standards.
Time-Saving
Free up your time and resources by letting us handle the intricate details of XBRL filing, allowing you to focus on your core business operations.
Customized Solutions
Whether you’re a small business or a large enterprise, we tailor our XBRL filing services to suit your specific needs and ensure accuracy.
Accurate Conversion
We meticulously convert your financial data into the XBRL format, minimizing the risk of errors and rejections.
Frequently Asked Questions
What is XBRL and why is it required in Singapore?
XBRL stands for eXtensible Business Reporting Language. It is a standardized format for financial reporting that makes it easier to analyze and compare financial data. ACRA requires most companies in Singapore to file their financial statements in XBRL format to enhance transparency and accessibility.
Who needs to file financial statements in XBRL format?
Most companies incorporated in Singapore, including private limited companies, are required to file their financial statements in XBRL format, unless they qualify for specific exemptions.
What happens if I fail to file my financial statements in XBRL format?
Failure to file in the required XBRL format can lead to penalties and fines from ACRA, as well as potential delays in your company’s compliance status.
Can I convert and file XBRL statements on my own?
While it is possible to handle XBRL filing in-house, it can be complex and time-consuming. Errors in conversion or submission can lead to rejections or penalties, making professional assistance a valuable investment.
How long does the XBRL filing process take?
The duration of the XBRL filing process can vary depending on the complexity of your financial statements. Typically, the process can take several days to a few weeks. We work efficiently to meet your deadlines and ensure timely submission.
