CATEGORY: NEWS AND ANNOUNCEMENTS
1. Latest BizFinx preparation tool released
The latest version (v.2.7.0) of BizFinx preparation tool is now available for download at the BizFinx portal. The key enhancements include:
- A new option to select “Singapore Financial Reporting Standards (International) [“SFRS(I)”] under “Type of Accounting Standard Used to Prepare Financial Statements”; and
- A new feature to validate and upload XBRL file to BizFinx server via API (application programming interface), without the need to logon to BizFinx portal.
All companies must file their financial statements in XBRL format using this latest version of the BizFinx preparation tool with effect from 1 September 2019.
The exception is for companies preparing financial statements using SFRS(I) that must use this latest version of the BizFinx preparation tool with immediate effect.
Excel / XBRL.zip files prepared using older versions of the BizFinx preparation tool can still be opened and edited in the latest version without any loss of data.
To install this latest version of BizFinx preparation tool, please connect your computer to the Internet, launch the BizFinx preparation tool and click on “Application Updates” on the introduction page.
2. New BizFinx multi upload tool using API service
To help preparers save time in the filing of their financial statements in XBRL format, ACRA has made available a new BizFinx multi upload tool. Preparers can now upload a single or multiple XBRL file(s) (prepared using BizFinx preparation tool or other software) directly to the BizFinx server via API service, without the need to logon to the BizFinx portal.
To download the multi upload tool, please visit the BizFinx portal.
Please click here for more information on the new multi upload tool.