Q1: How can I file financial statements in XBRL format following the decommissioning of BizFinx portal?
A: There are two ways to prepare and file your financial statements:
- Prepare XBRL financial statements using the free-of-charge BizFinx preparation tool. Validate and upload the completed XBRL financial statements directly from BizFinx preparation tool to BizFinx server. Login to BizFile+ to file the Annual Return with the correct XBRL file uploaded. For more info, click here.
- Use accounting software that can automatically prepare and seamlessly file Annual Return (with Simplified XBRL financial statements) to ACRA. For details, click here.
Q2: Where can I download the preparation tool or multi-upload tool?
A: BizFinx preparation tool and multi-upload tool are available for download here.
Q3: Where can I apply for exemptions from XBRL business rules?
A: Steps to apply for exemptions from XBRL business rules are detailed here.
Q4: I cannot upload my XBRL financial statements via BizFinx preparation tool / multi-upload tool. The error message says that the maximum number of XBRL file uploads for the same UEN and FYE has been reached. What should I do?
A: The authorised personnel of the company (namely company directors, company secretary or registered filing agent) will need to log in to My Dashboard on BizFile+ portal, and delete the uploaded (but not filed) XBRL financial statements. Click here for more information.
Q5: How can I download filed XBRL financial statements?
A: The authorised personnel of the company (namely company directors, company secretary and registered filing agent) will need to log in to My Dashboard on BizFile+ portal, and retrieve the XBRL financial statements that the company had filed with ACRA. Click here for more information.