XBRL filing in Singapore
XBRL filing in Singapore
XBRL filing in Singapore

XBRL filing and standards in Singapore

We help Singapore businesses understand what the XBRL filing requirements are, and organise these processes with our outsourced accounting

Learn what it takes
  • ACRA registered filing agentFA20170653
  • Xero Platinum PartnerXero
    Platinum Partner
  • Institute of Singapore Chartered AccountantsOur accountants are certified by ISCA
  • MOM Employment Agency LicenseLicense No. 19S9930
  • Infocomm Media Development AuthorityPioneers of Cloud Community Network
What Is Cash Flow?

What Is Multi-currency accounting in Singapore?

We help Singapore businesses understand what the XBRL filing requirements are, and organise these processes with our outsourced accounting.

What is Budgeting?

Multi-currency accounting in Singapore

We help Singapore businesses understand what the XBRL filing requirements are, and organise these processes with our outsourced accounting

documents

Don’t want to do XBRL yourself anymore? We prepare and file it for you

We take over the paperwork routine, show real numbers, send reminders, and give active advice. All our prices are transparent, so no extra charges out of the blue.

I want to try
You get a personal accountant

You get a personal accountant

A Chartered Accountant assigned to your company will track filing deadlines, suggest tax exemptions, and prepare reports

You see how much money you have

You see how much money you have

We collect data from your different banks and show today’s joint balance and its daily trend

You see actual list of all unpaid invoices

You see actual list of all unpaid invoices

We show daily updates on the invoices you need to pay, the ones due to you, and their totals

Choose the plan that works for you

Our accounting packages come as they are, no extra charges — simple and straightforward. If you pay upfront for the whole year, you get 20% off.

Starter

S$100 /m if billed annually S$120 if billed monthly

  • 40 transactions a month
  • Quarterly Management Report by Chartered Accountants
  • Daily Bookkeeping
  • Xero subscription
  • Unaudited Financial Statements
  • ECI & Corporate Tax Return (Form C-S)
  • Multicurrency Accounting for additional S$25/m

Booming

S$150 /m if billed annually S$180 if billed monthly

  • 80 transactions a month
  • Monthly Management Report by Chartered Accountants
  • Daily Bookkeeping
  • Xero subscription
  • Unaudited Financial Statements
  • ECI & Corporate Tax Return (Form C-S)
  • Multicurrency Accounting for additional S$25/m
Most Popular

Rocking

S$300 /m if billed annually S$360 if billed monthly

  • 160 transactions a month
  • Monthly Management Report by Chartered Accountants
  • Daily Bookkeeping
  • Xero subscription
  • Unaudited Financial Statements
  • ECI & Corporate Tax Return (Form C-S)
  • Multicurrency Accounting for additional S$25/m

Unicorn

S$500 /m if billed annually S$600 if billed monthly

  • 320 transactions a month
  • Monthly Management Report by Chartered Accountants
  • Daily Bookkeeping
  • Xero subscription
  • Unaudited Financial Statements
  • ECI & Corporate Tax Return (Form C-S)
  • Multicurrency Accounting
Your financial data protected

Your financial data protected

We set up a direct connection with Xero and your bank to exchange your data securely. All your documents will always be in one place protected with bank-level encryption

Additional things you may need:

One-off services upon your request

Multicurrency Accounting

S$25 a month

When your company deals with multiple currencies

GST registration and filing exemption

S$300

We register your company for GST

Consolidation only

S$1,000

Covers the parent company + 1 subsidiary. Add subsidiaries, associates or joint ventures at S$300 each.

Bookkeeping only

from 

S$100 a month

Includes daily bookkeeping in Xero, books ready for your accountant, and online support

Dormant Accounting

S$300

Includes Unaudited Report and tax filing

Payroll

S$25 per person per month

We issue payslips, calulate basic salary, overtime, and bonus, prepare and file statutory contributions: CPF, SDL, FWL, etc.

XBRL Highlight

S$200

Only required for companies with negative equity or insolvent

Full XBRL

S$500

Mainly required for companies being audited, or companies with corporate shareholders, regardless of equity being positive or negative

Tax Filing Only

S$500

We file and submit the tax computation you have. Does not include the correction of errors.

Certificate of Residency (COR)

S$150

COR confirms residency status, it allows to reduce the withholding tax based on double tax treaties when dealing with overseas companies

Form C

S$600

Preparation and filing

See Osome in action —  schedule a free demo

See Osome in action — schedule a free demo

Book a free demo

89% Customers
recomend us

3,300+ Clients all over
the world

4.3/5 Rate us on
facebook

Xero platinum partner

  • Osome is reasonably priced and very convenient. I ended up signing my documents while I was on the metro!

    Randeep Sudan

    Randeep Sudan
    Multivertz Pte. Ltd.

  • Everything was so seamless, it even looked like a fraud 😀 I didn’t have to go anywhere, I just use the web and mobile app to sign the docs.

    Ivan Zeljkovic

    Ivan Zeljkovic
    Evans Media Pte. Ltd.

  • I’m actually surprised they kept all their promises! I found Osome on Friday and on Monday morning everything was ready.

    John Lim

    John Lim
    Artac Pte. Ltd.

  • Many accountants I reached out to either never responded or charged extortionate amounts of money. I joined Osome and I'm incredibly happy I did.

    Pawel Wargan

    Pawel Wargan
    freelancer

  • They use the Osome app to gently nudge me to send in paperwork, and they provide me with regular updates and reminders regarding finances and filing deadlines.

    Dave Wallace

    Dave Wallace
    DW4DAYS Pte. Ltd.

Q&A

  • What is XBRL and its benefits?

    Created in 1998, XBRL software is managed by a global not-for-profit consortium, XBRL International. And can defined simply as a standardized language that is used to make reports easier to understand and compare. XBRL provides

    • Clear definitions called XBRL taxonomies that clarify the meaning of all reporting terms used in business reports.
    • Multi-lingual support
    • Testable business rules that allow users (such as businesses or governments) to flag specific criteria.
  • Benefits of XBRL filing software

    • Saves time spent by accountants and analysts on reformatting information and trying to understand different sources
    • Reduces cost and manpower spent on understanding financial information
    • Improves access to financial information
    • Improves data quality and validity of information
  • What is XBRL Singapore requirement for businesses?

    Financial reports filing in XBRL format is compulsory for most businesses in Singapore. All companies incorporated in Singapore (whether limited by shares or unlimited) – unless exempt - must file their financial statements with ACRA in XBRL format.

    To understand their compliance requirements, companies need to first find out if they qualify for filing a full XBRL report or XBRL highlights or PDF reports.

  • What are Full XBRL and XBRL highlights?

    Not every company needs to file a full set of XBRL in Singapore. In some cases, some financial highlights in XBRL format, with a PDF of the financial statements tabled at the AGM, are enough. According to ACRA, these XBRL highlights must contain 50 data elements that provide the most relevant company information.

    On the other hand, a full set of XBRL in Singapore consists of the following information for the last financial year –

    • Statement of financial position
    • Statement of profit or loss
    • Changes in equity
    • Cash flow
    • Financial notes or comparative information
    Full XBRLXBRL highlights & PDF copyFull XBRL or PDF copy & XBRL highlightsExemptOnly PDF copy
    Public/private companies (limited or unlimited by shares)Commercial bank, merchant bank, registered insurer or a finance company regulated by the Monetary Authority of SingaporeInsolvent EPCsSolvent Exempt Private Companies (EPCs) - but they are encouraged to file full XBRL or highlights.Companies limited by guarantee
    Companies permitted to use accounting standards other than SFRS, SFRS for Small Entities, and IFRSLimited partnership, Partnership or sole proprietorshipForeign companies, or local branches of foreign companies
    Dormant companies that fall under Section 201A of the Singapore Companies’ Act.

It takes 3 minutes to get your paperwork in order

All you need to do is sign up. We’ll answer questions and take over documents straight away.

I’ll try
Your paperwork in order
  • E27
  • Entrepreneur
  • foundr
  • sgsme.sg
  • Tech in Asia
  • Vulcan post
Messenger
We’re using cookies! What does it mean?
Scrolled to bottom