XBRL Preparation Services • Lionsworld Singapore
XBRL Preparation Services in Singapore
Lionsworld converts your completed financial statements into ACRA-compliant XBRL format, runs BizFinx validation checks, and provides a submission-ready file — from S$300. Your company secretary or authorised filer handles the ACRA submission.
What Lionsworld Prepares for You
- RConvert completed financial statements to ACRA-compliant XBRL format
- RMap financial statement line items to the ACRA taxonomy
- RRun BizFinx validation and error checks
- RReview formatting, totals, and tagging issues before output
- RProvide a submission-ready XBRL file for your authorised filer
- RAdvise whether financial statement preparation is needed first
Singapore companies are required to submit financial statements in XBRL format to ACRA. Lionsworld handles the preparation; your company secretary or director handles the submission.
Please note: Lionsworld’s XBRL service covers preparation and file validation — not submission to ACRA. Once your XBRL file is ready, your company secretary, director, or authorised filer submits it through ACRA’s BizFile+ portal. If you need help finding a company secretary, we can refer you.
XBRL Preparation Pricing
From S$300 excl. GST for straightforward cases. Final price depends on complexity and whether simplified or full XBRL preparation is required.
S$300 (excl. GST)
- ✓Conversion of financial statements to ACRA-compliant XBRL
- ✓BizFinx validation and error check included
- ✓Submission-ready XBRL file — you or your secretary submits
- ✓Local Singapore team, responsive turnaround
Which XBRL Preparation Does Your Company Need?
| Criteria | Simplified XBRL | Full XBRL |
|---|---|---|
| Who it's for | Smaller companies with reduced XBRL requirements under ACRA guidelines | Most Singapore-incorporated companies filing a full set of financial statements |
| Scope | Fewer data elements; financial highlights format | Detailed line-item mapping and tagging of the complete financial statements |
| Turnaround | Usually faster when financial statements are complete | May require more checks and review depending on complexity |
| Lionsworld can advise | Yes. Send your FYE and company type | Yes. Send your financial statements for a quote |
Not sure which applies to your company? Send us your financial year-end and company type, and we will confirm which format is required and provide a fixed quote.
What to Send Lionsworld
- ZCompleted financial statements
- ZFinancial year end (FYE) date
- ZCompany name and UEN
- ZPrior year XBRL file, if available
- ZAny BizFinx or ACRA error message, if you have received one
If your financial statements are not yet ready, Lionsworld can also assist with the preparation of annual financial statements before the XBRL conversion.
How Lionsworld Compares
| Criteria | Lionsworld | Large Firms | Low-cost Online Providers |
|---|---|---|---|
| Pricing | Clear Price From S$300 fixed | Higher rates, project-based | From S$50 — variable quality |
| Team | Local Singapore team | Large firm, multiple handoffs | Typically offshore or automated |
| Validation | Human Review BizFinx checks + human review | Thorough but priced accordingly | Limited or no human review |
| Turnaround | A few working days | Varies by team load | Variable |
| Scope | Preparation only; you or your secretary submits | May include filing support | Preparation only |
| Support | Direct contact, responsive | Account manager | Email ticket only |
What Clients Say
“Lionsworld converted our FS to XBRL quickly. ACRA accepted it without issues.”
Marcus Y., SaaS SME
“Clear process, fast turnaround, and responsive support. Highly recommended.”
Elaine C., Retail SME
Lionsworld XBRL Preparation
Why Singapore SMEs Choose Lionsworld for XBRL Preparation
Local XBRL Experts
Singapore team familiar with BizFinx requirements and ACRA taxonomy updates.
Verified Compliance
BizFinx validation checks run on every file before we deliver it. Reduces the risk of ACRA rejection.
Transparent, Fixed Pricing
XBRL preparation from S$300 excluding GST. You receive a quote before any work begins.
Over 40 Years Serving Singapore SMEs
Lionsworld has been supporting Singapore businesses with accounting and compliance services since the 1980s.
FAQs — XBRL Preparation
What is XBRL filing and why is it required?
Under Accounting and Corporate Regulatory Authority (ACRA) rules in Singapore, XBRL stands for eXtensible Business Reporting Language. It is an XML-based standard designed for electronic communication of business and financial data.
The requirement: since 1 November 2007, incorporated companies required to file financial statements with ACRA are mandated to submit them in XBRL format — either a full set of statements or, in certain cases, Financial Statement Highlights in XBRL format.
Why required? XBRL enables efficient, accurate and comparable submission of financial data. It enhances transparency, allows ACRA and other users to analyse data more readily, and improves the quality of regulatory reporting.
For more information, see ACRA’s official page: About XBRL
Lionsworld prepares the XBRL file from your completed financial statements. The actual submission to ACRA is handled by your company secretary, director, or authorised filer through BizFile+.
Who needs to file in XBRL?
Most incorporated companies in Singapore are required to file in XBRL. Exemptions may be applicable based on the company’s type and size.
How long does conversion take?
With complete financial statements and company information, XBRL preparation typically takes 2 to 5 working days, depending on complexity and whether simplified or full XBRL preparation is required. Urgent cases can be discussed at the time of enquiry.
Can you help if my Financial Statement isn’t ready?
Yes. We can refer you to our Annual Financial Statements service to compile the FS before XBRL conversion.
Do you submit the XBRL file to ACRA on our behalf?
Lionsworld’s XBRL service covers preparation and file validation. We do not submit the file to ACRA as part of this standalone service. Once your XBRL file is ready, your company secretary, director, or authorised filer submits it through ACRA’s BizFile+ portal. If you also need company secretarial support, please ask, and we can refer you.
How much does XBRL preparation cost?
XBRL preparation starts from S$300 excl. GST for straightforward cases. Final pricing depends on the complexity of your financial statements and whether simplified or full XBRL preparation is required.
Send us your FYE date and company type for a fixed quote before any work begins.
What documents do I need to provide?
To prepare your XBRL file, Lionsworld needs:
- Completed financial statements
- Your financial year-end date
- Company name and UEN
A prior year XBRL file and any BizFinx error messages are helpful if available. If your financial statements are not yet ready, Lionsworld can assist with the preparation of annual financial statements before the XBRL conversion.
Get a Free XBRL Preparation Quote
Send us your completed financial statements and financial year end date.
We will confirm the scope, provide a fixed quote, and have your submission-ready XBRL file ready within a few working days.
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