What is XBRL Filing? Advantages of XBRL Filing.
XBRL is a kind of XML-based business reporting language used to convey financial data. ACRA has asked Singapore companies to use this language to file their financial statements. There are many XBRL Singapore filling services that assist their clients in the task. During XBRL filing, you need to utilize XBRL taxonomies and data elements to convert the company’s financial data in XBRL format. You then need to lodge your XBRL reports to the ACRA within due dates. Advantages of XBRL Filing XBRL is an abbreviation for eXtensible Business Reporting Language. There are advantages of utilizing an extraordinary or standard XBRL format for financial statements. Utilizing it to record financial reports online simplifies it for the ACRA to process and examine the totaled information. Such an assortment of the immense measure of monetary information in a remarkable configuration gives ACRA the right reason for settling on administrative choices and fundamental changes. It