Facts About XBRL Filing

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XBRL Filing
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eXtensible Business Reporting Language, is an
XML-linked markup language employed to convey
financial and business facts and figures
electronically. XBRL is a utensil that profits
all users of financial records by offering
amplified functionality over customary paper,
HTML, and other figure-based financial reporting
layout. Any type of business can use XBRL to
program its financial data, such as financial
reports, salary statements, and so forth.
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XBRL provides key benefits at all phases of
business reporting and scrutiny. As XBRL is
extensible and adaptable, it can be custom-made
to a broad range of different necessities. All
members in the financial data supply series can
benefit. Some of the benefits of using XBRL is as
follows
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Automate the process.
Assist in cost saving.
Makes the work faster.
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Results achieved are more reliable.
More accurate handling of data.
Improved analysis.
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Better quality information.
Helps in decision making.
Helps in paper-less financial reporting.
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XBRL can be applied to a large range of business
and financial data processing. Some of them are
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• Inner and outer financial reporting for a
  company.
• Business reporting and trade of data inside the
  company.
• Storing of loan information and submissions.
• Credit threat evaluation.
• Offer a normal method of explaining accounting
  documents supplied by
  authoritative groups.

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Every business, whether it's a small one or an
established one, need to keep its financial
records up-to-date. Large firms will have the
sufficient resources and capital to run a
separate department for accounting works. Small
and medium business may not have the resources
and place for it. Outsourcing the accounting
works is the best option in these situations.
There are a lot of accounting firms which
provides accounting service.
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1 Accounting is a well experienced accounting
firm which is dedicated in providing services in
accounting, bookkeeping, tax, company
secretarial, payroll management and business
support services. 1 Accounting has engaged in
accounting works for many years and is well
skilled in managing a broad set of financial
records ensuring observance and well-timed
reporting.
http//www.1accounting.com.sg