Are You Looking For The Right XBRL Filing Services?
The ACRA has introduced filing of financial statements with it in the XBRL format from 01 November 2007. This is applicable for all limited companies. The full set of financial statements for the period ending 30 April 2007 must be filed in the new format. On 02 December 2013, the ACRA made it easy to file the XBRL format with a new offline tool called BizFinx. Now you can submit the XBRL using this tool.
XBRL stands for Extensible Business Reporting Language. This is a language used in computers to submit financial statements. This makes it easy for the statements to be directly retrieved by auditors and other concerned people. ACRA is of the opinion that filing in this format will make the process of regulation more transparent. It will also allow more value-added financial information to be shared by the company. This will provide the relevant financial information to all the parties concerned.
Experience the Most Accurate XBRL Filing In Singapore
A great advantage of this format is that it is machine readable. All the people can directly extract the information without having to copy and paste from the statements. This makes easy for anyone to use the data provided in the financial statements to prepare other statements or reports.
BME Solutions can help you prepare the financial statements using the XBRL format. The reason why you need an outsourcing agency is that this statement needs to be accurate and the Directors are responsible for the accuracy. You cannot take chances by handing over the job to those who are not familiar. We have the experts for this job. We have already done filing using this system for many companies and have saved them time and trouble. We can do the most accurate XBRL filing Singapore has ever seen. We will ensure that the job is done perfectly and exactly as per the requirements of the ACRA.