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XBRL Conversion and Filing
For many Singapore companies, financial statements must be filed with ACRA in XBRL format as part of the annual return process. XBRL filing requires financial information to be mapped accurately to ACRA's prescribed taxonomy and validated before submission.
Our team assists with the conversion, review and filing coordination of XBRL financial statements, helping companies reduce errors, meet filing requirements and stay compliant with ACRA obligations.
What Is XBRL?
XBRL stands for eXtensible Business Reporting Language. It is a digital reporting format used to present financial information in a structured and standardised way.
In Singapore, XBRL allows financial statement data to be submitted to ACRA in a format that can be read, checked and analysed more efficiently.
Who May Need XBRL Filing?
XBRL filing requirements depend on the company's type, size and filing obligations.
Companies may need XBRL conversion and filing support if they are required to submit financial statements to ACRA as part of their annual return filing.
Common situations include:
- Companies preparing annual return filings
- Companies required to file financial statements with ACRA
- Companies with full financial statements prepared in PDF or Word format
- Companies that need financial data converted into ACRA's XBRL format
- Companies that require validation checks before submission
- Companies that need support correcting XBRL filing errors
How We Can Assist
Our XBRL conversion and filing support includes:
- Review of financial statements for XBRL conversion
- Mapping of financial statement items to ACRA taxonomy
- Preparation of XBRL financial statements
- Validation checks before filing
- Identification of common formatting or mapping issues
- Coordination with directors, accountants or auditors where required
- Filing support through the relevant ACRA platform
- Assistance with revised XBRL files, where applicable
- Guidance on annual return filing requirements
What We Need From You
To prepare the XBRL file, we will usually require:
- Finalised financial statements
- Statement of financial position
- Statement of profit or loss and other comprehensive income
- Statement of changes in equity, where applicable
- Statement of cash flows, where applicable
- Notes to the financial statements
- Directors' statement, where applicable
- Auditor's report, where applicable
- Company details and financial year end information
The required documents may vary depending on the company's filing obligations.
Why Work With Us
XBRL filing requires attention to detail and familiarity with ACRA's reporting format. Our team helps ensure that your financial statements are converted accurately, validated properly and prepared for filing within the required timeline.
We work closely with company directors, finance teams, accountants and auditors to keep the process clear, organised and compliant.
Frequently Asked Questions
1. Do all Singapore companies need to file financial statements in XBRL?
No. XBRL filing requirements depend on the company's type, size and filing obligations. Some companies may qualify for filing exemptions or reduced filing requirements.
2. When is XBRL filing required?
XBRL filing is usually relevant when a company is required to file financial statements with ACRA as part of its annual return process.
3. Can you convert PDF financial statements into XBRL?
Yes. We can assist with converting finalised financial statements into the required XBRL format, subject to the completeness and quality of the information provided.
4. Can you help fix XBRL validation errors?
Yes. We can review validation errors, identify likely causes and assist with corrections before filing.
5. Do you prepare the financial statements?
Our XBRL service focuses on conversion and filing support. Financial statements should generally be prepared or reviewed by the company's accountant, finance team or auditor before XBRL conversion.
6. Do directors need to approve the XBRL file?
The directors remain responsible for the company's financial statements and filing information. The prepared XBRL file should be reviewed and confirmed before submission.
7. What happens if XBRL filing is late?
Late filing may result in penalties or compliance issues. Companies should prepare their financial statements and XBRL filing well before the annual return deadline.
8. Can you assist with annual return filing as well?
Yes. We can support XBRL filing together with annual return filing and other corporate secretarial compliance matters.
9. What documents do you need to start?
We will usually need the finalised financial statements, company details, financial year end information and any supporting schedules required for conversion.
Get Your XBRL Filing Done Accurately
Avoid validation errors and missed deadlines. Our team provides reliable XBRL conversion, review and filing support to keep your annual return on track.
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