What's XBRL Accounting Software?
XBRL eXtensible Business Reporting Language Software is a language for the electronic communication of business and financial data worldwide. XBRL is open-source software allowing the organization and treating of financial data for research and analysis. It also facilitates the communication of economic information online and among businesses with significant exactness.
Serial Key Crackeago Accounting Software is typically used by Accounting and Corporate Regulatory Authority of Singapore (ACRA) to streamline financial reporting and to enable the flow of financial information into the international business community, and thus promoting a pro-enterprise weather.
The use of XBRL Accounting Software for financial statements was implemented on November 1, 2007 to all Singapore incorporated companies, usually are unlimited or limited by shares. With best software crackeado , corporate solutions provider such as Rikvin offered Singapore XBRL filing service to provide ease and comfort to entrepreneurs. Others that are permitted to continue to file fiscal reports in PDF format are as follows:
Companies limited by guarantee will be able to remain filing financial statements in PDF format as tabled at the Annual General Meeting;
Companies that are commercial banks, merchant banks, registered insurers and finance institutions as stated your past MAS Financial Institutions Directory;
All companies usually are permitted by law to prepare compared to accounting standards other than Singapore or International Financial Reporting Standards.
XBRL Accounting Software can also be utilized and presented into two approaches:
1.Option A _Full XBRL this option can be used if the company uses FS Manager to prepare the full set of financial statements for tabling at the Annual General Meeting (AGM); or FS Manager is which are used to prepare a full set of fiscal reports identical in content to the full set of fiscal reports tabled at the AGM.
2.Option B _Partial XBRL this option can be used where a company must file a minimum of Statement of Financial Position, Statement of Comprehensive Income and knowledge denoted by a red asterisk in FS Manager. If for example the company presents all items of income and expense by 50 percent statements, both Statement of Comprehensive Income and Income Statement must also be filed.
Rikvin provides a complete corporate solution in one place for which includes incorporation, with the outlet of corporate accounts, business registration including accounting, tax, immigration related to work passes visa and compliance services in Singapore. If you've got an interest in learning more information on Rikvin's Please check http://www.rikvin.com/corporate-services/extensible-business-reporting-language-xbrl-software/ for a lot of Singapore XBRL Filing Services. at an affordable rate, please send us an email at info@rikvin.com or give us an appointment at +65 64838887.