ACRA stands for Accounting and Corporate Regulatory Authority of Singapore. ACRA is the national regulator of business registration, financial reporting, public accountants and corporate services providers.

If you are not already performing accounting using an accounting software, you can drop by to our office to pass Excellence Singapore the physical documents or a courier can be arranged. Alternatively, you can even email Excellence Singapore the soft copies.

We use both Xero, Quickbooks Online and Quickbooks Desktop. At client’s request, we can perform the accounting using the client’s current accounting software with additional charges.

XBRL stands for eXtensible Business Reporting Language. It is a language for the electronic communication of business and financial data worldwide. For XBRL filing requirements, please refer to https://www.acra.gov.sg/xbrl-filing-and-resources/who-needs-to-file-financial-statements

Accounting is extremely important and plays a critical role in ensuring that the business is able to track its income and expenditures, ensure statutory compliance and to provide various stakeholders such as investors, the management, creditors and the government with quantitative financial information to evaluate the financial performance and for decision making.