XBRL Filing & Compliance Package

Service Description

XBRL (eXtensible Business Reporting Language) filing is a structured digital format required by the Accounting and Corporate Regulatory Authority (ACRA) in Singapore for the submission of financial statements. It standardizes financial data, making it easier for regulators, investors, and stakeholders to analyze company reports. Who Needs to File XBRL? All Singapore-incorporated companies (except those exempted, such as solvent Exempt Private Companies) must file financial statements in XBRL format when submitting their Annual Return to ACRA. The exact XBRL filing requirements depend on the company type, size, and reporting obligations. Types of XBRL Filing Formats: Full XBRL – Required for most companies to provide a detailed breakdown of financial statements. Simplified XBRL (XBRL FSH) – For smaller companies with fewer reporting requirements. XBRL Financial Statements Highlights (XBRL FSH) – Required for specific entities such as certain banks and insurers. Why is XBRL Filing Important? ✅ Ensures Regulatory Compliance – Avoid late filing penalties from ACRA. ✅ Improves Financial Transparency – Enhances data accuracy and accessibility for investors. ✅ Standardized Reporting – Allows seamless financial analysis and benchmarking. How We Can Help At Podwerx, we ensure your financial statements are accurately prepared, converted, and filed in the correct XBRL format, meeting ACRA’s compliance standards. Let us handle the complexities while you focus on growing your business. Need assistance with XBRL filing? Contact us today for hassle-free compliance!