From your source financial statements to an ACRA BizFinx-ready XBRL file -every step handled with precision, and a human reviewer checking every tag.
Create your account and add entity details -takes under 2 minutes.
Send your statements in Excel, Word, or PDF -any format your accountant already uses.
Every tag and footnote checked against your source before it reaches you. Review and approve.
You receive the validated XBRL file, ready to submit via BizFinx -or we assist with submission if needed.
Follow these six essential steps to ensure a successful XBRL filing through BizFinx.
The process begins with gathering finalized financial statements prepared in accordance with applicable financial reporting standards.
Each financial element is mapped to the appropriate taxonomy defined by ACRA. Accurate mapping is critical to avoid validation errors.
During this stage, financial figures are assigned XBRL tags, notes and disclosures are structured, and relationships between financial elements are defined.
Validation ensures correct taxonomy usage, completed required disclosures, and logical relationships between financial data.
Before submission, the XBRL report is reviewed for accuracy of financial figures, correct tagging, and completeness of disclosures.
The final XBRL file is submitted through the BizFinx platform.
Proper XBRL tagging ensures compliance, reduces errors, and streamlines regulatory processing.
Ensures adherence to ACRA reporting requirements and avoids regulatory penalties for non-compliance.
Proper tagging minimizes validation failures and reduces the risk of rejection by BizFinx.
Structured data allows faster regulatory review and processing by ACRA.
Standardized reporting improves comparability across companies and industries.
To prepare an XBRL report for BizFinx submission, companies typically need the following documents and information ready.
Balance sheet, profit & loss, cash flow statement, notes to accounts, and directors' report.
Each of the six steps above splits work between what AI does best and what still needs a person. AI reads and maps your statement at machine speed; the reviewer's job is everything a machine can misjudge -footnote meaning, document structure, and whether a number actually matches its source.
Every figure mapped to the precise taxonomy element, not a coarse approximation.
Line-item order and groupings kept exactly as your statement was prepared.
Related-party notes and restatements read and tagged individually, not summarized.
Every tag cross-checked back against the source statement before delivery.
The process of transforming financial statements into structured XBRL format using standardized taxonomy tags for regulatory submission through BizFinx.
Balance sheet, profit and loss statement, cash flow statement, notes to accounts, and directors' report.
Yes -statements in Word, Excel, or PDF can all be converted into XBRL for BizFinx submission.
Typically 24 hours for standard filings, depending on complexity and volume of disclosures.
Accountants, corporate secretaries, or professional XBRL service providers with ACRA expertise.
No -AI handles the first-pass mapping at speed, but a qualified reviewer checks every tag and footnote against your source statement before delivery.
Your statements are tagged, validated, and reviewed by a human -you then receive the finished file to approve before it's submitted via BizFinx.
Yes -once you approve the validated XBRL file, we can assist with the BizFinx submission, or you can submit it yourself.
from S$30. 24-hour turnaround.
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