
Knowledge Highlights 9 May 2025
On 31 August 2021, the Accounting and Corporate Regulatory Authority (“ACRA”) announced the release of the latest versions (version 3.3) of the BizFinx preparation tool and multi upload tool. Companies are required to prepare, validate and upload their financial statements in XBRL format using the latest version from 1 October 2021.
The updated tools include the following improvements:
ACRA advises that all Excel / XBRL.zip files prepared using the older version of the BizFinx preparation tool can be opened and edited in the latest version without any loss of data.
Instructions on updating the software are set out in ACRA’s announcement, which is available on the ACRA website www.acra.gov.sg.