At Datseasy Consulting, we specialize in converting your finalised Financial Statements (FS) to XBRL format, and ensuring precise mapping for successful filing of the XBRL FS. We take pride in our accuracy and efficiency in this field, all while offering competitive pricing as one of the lowest-cost service providers.
To engage our services, simply provide us with a copy of your finalised FS in Word format. We will confirm your filing requirement, process the conversion and send you the completed XBRL FS for your review. Upon your final approval and payment, our authorized agent will upload the XBRL FS to ACRA on your behalf.
Take a look at our pricing. Contact us for more information.
Requirements | 5 Working Days | 3 Working Days |
|---|---|---|
Simplified XBRL (non-consolidated) | N/A | $88 |
Simplified XBRL (Consolidated) | N/A | $138 |
Full XBRL (non-consolidated) | $250 | $300 |
Full XBRL (Consolidated) | $310 | $360 |
Public Listed Company | Contact us for quote. | Contact us for quote. |
Unless exempted, companies incorporated in Singapore (SG-Incorporated companies) are required to file your financial statements in XBRL format (XBRL FS) with ACRA as part of your annual returns.
The XBRL FS is prepared using the BizFinx Preparation Tool, available for download from the ACRA website.
In addition to ensuring that the financial statements are uploaded as a properly formatted text block for full XBRL filing, a significant challenge lies in accurately mapping the line items in the financial statements to the corresponding tags within the ACRA taxonomy in the BizFinx Preparation Tool for all types of filing. After this mapping is complete, any validation errors must be resolved, or exemptions applied for, to ensure a successful upload of the XBRL FS. This process can often be complex and time-consuming. Engage us to take care of the task!
Find out the XBRL filing requirement for your SG-Incorporated company.
Group | Companies that file FS made public | XBRL Filing Requirements |
|---|---|---|
1 | SG-incorporated | To file FS in XBRL format. |
companies not covered | The extent of XBRL filing varies based on the company’s | |
in Group 2 to 5 | nature and size of operations: | |
• Smaller and non-publicly accountable companies - | ||
Simplified XBRL, with PDF copy of FS | ||
• All other companies - Full XBRL | ||
2 | SG-incorporated exempt | To file FS in XBRL format. |
private companies (EPCs) | The extent of XBRL filing varies based on the company’s | |
that are insolvent | nature and size of operations: | |
• Smaller and non-publicly accountable companies - | ||
Simplified XBRL, with PDF copy of FS | ||
• All other companies - Full XBRL | ||
3 | SG-incorporated EPCs | Not required to file FS. |
that are solvent | If the company opts to voluntarily file, to file FS in either: | |
• PDF copy of the FS; or | ||
• FS in XBRL format | ||
If the company opts to file FS in XBRL format, | ||
its extent of XBRL filing will vary based on | ||
the same criteria as Groups 1 and 2. | ||
4 | SG-incorporated companies | To file FS in: |
in the business of banking, finance | • XBRL FSH (Banks) template; or | |
and insurance regulated by MAS | • XBRL FSH (Insurance) template; | |
together with PDF copy of the FS | ||
5 | SG-incorporated companies | To file only PDF copy of the FS |
preparing FS using accounting | ||
standards other than prescribed | ||
accounting standards in | ||
Singapore or IFRS | ||
6 | SG-incorporated companies limited | To file only PDF copy of the FS |
by guarantee | ||
7 | Foreign companies with SG branches | To file only PDF copy of the FS |
Full XBRL
This template has about 210 data elements to be mapped from the financial statements to the XBRL format. It will capture the information in the statements of financial performance and position, and selected notes to the financial statement.
For Full XBRL format, the entire set of financial statements also needs to be submitted in a single text block element. The information here must be legible, and match the financial statements tabled at annual general meeting and/or circulated to members. The full set of XBRL financial statements (in the text block) will be generated into PDF format and attached to the Annual Return extracts. This will be made available to the public.
Simplified XBRL
This template has about 120 data elements to be mapped from the financial statements to the XBRL format. It will capture the complete information in the statements of financial performance and position.
Exempt Private Companies (EPCs)
Private company with less than 20 members, and does not have any corporations holding beneficial interest in its shares (whether directly or indirectly).
Smaller Companies
Companies with revenue and total assets for the current financial year not exceeding S$500,000, respectively.
Non-publicly accountable companies
A non-publicly accountable company mentioned in the table above refers to a company that is not:
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a company that is listed or is in the process of issuing debt or equity instruments for trading on a securities exchange in Singapore;
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a company whose securities are listed on an exchange outside Singapore;
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one of the following financial institutions:
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Entity that is part of the banking and payment systems;
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Insurer and registered insurance broker;
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Approved holding companies, approved exchanges, recognised market operators, and clearing houses
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Holders of capital market services licence, licensed financial advisers, registered fund management companies, licensed trust companies and approved trustee for collective investment scheme);
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Licensed trade repository, authorised and exempt benchmark administrator under the Securities and Futures Act (Chapter 289);
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Operator of the Central Depository System under the Securities and Futures Act (Chapter 289);
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Trustee-manager of listed registered business trust;
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Designated financial holding company
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Licensed credit bureau
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Leave the complexity to us.
Reach out to us now for to engage our accurate, efficient and low cost XBRL services.