From 03 March 2014, Singapore-incorporated companies (unless exempted), which are limited or unlimited by shares and required to file their financial statements with ACRA, are required to file a full set of financial statements in XBRL with ACRA.
XBRL stands for eXtensible Business Reporting Language. This is the language for the electronic communication of business and financial data worldwide.
We provide consultation, setup and training for Xero and Intuit Quickbooks cloud accounting software.
Cloud accounting is accounting using software accessed over the internet that is hosted remotely on the cloud. All functions are performed off-site and users access the applications remotely through the internet.
Learn more about the benefit of cloud accounting software right in the article below.