The Singapore government had implemented the law that filing of financial statements must be done in the XBRL format from 2007 onwards. This method of submitting the statements enables easy retrieval of data for all the parties involved. This data can be easily accessed by auditors for further action. It can also be used for analysis by the company itself. It allows the authorities to release financial data quickly and improves transparency. The companies themselves benefit by being able to access competitor information and finding out how they can improve.
Many companies are unable to appoint people who are experts in XBRL filing. These people will come at a higher cost which is not affordable for the small and medium companies. The more affordable way is to hand over this work to outsourcing agencies that have the necessary knowledge and the tools to file the returns in this format.
Singapore Accounts is the most competent agency for this. We will prepare the financial statements as required by the ACRA and ensure your complete compliance. We can keep you updated about the latest developments in this matter. Leave the work to us and enjoy peace of mind.
Many new entrepreneurs and those who are from other countries don’t know how to register a company in Singapore. It is better for them to seek the assistance of Singapore Accounts who are experts in the job. We have helped many companies to get their firms registered and incorporated in Singapore. There are many procedures which need to be followed to get your company properly incorporated. If you are not familiar with these, you could end up going in circles and wasting your time. This time can be used for your core business while we take care of your company registration.
We can guide you properly on this matter and get the work done quickly. We are sure you don’t want any delay in starting your company and getting on with the business. We have very attractive packages for company registration and incorporation. We can help both local and foreign entrepreneurs to get their companies formed in full compliance with the local laws.
