Manage All Your MBRS Tasks
We are offering MBRS filing service to convert your annual financial statements to XBRL, be it for voluntary or live submission with SSM.
MBRS - New Business Reporting in Malaysia
The Malaysian Business Reporting System (MBRS) refers to the submission platform based on the XBRL format, for which submissions shall be made online for the following documents:
- Annual Return (AR);
- Financial Statements and Report (FS); and
- Exemption Applications (EA) related to the FS and AR.
The guiding principles behind the financial and the non-financial scopes for MBRS is based on the Companies Act 2016, Malaysian Private Entities Reporting Standards (MPERS) and Malaysian Financial Reporting Standards (MFRS).
XBRL provides a language in which reporting terms can be authoritatively defined, which then represent the contents of financial statements or other kinds of compliance, performance and business reports, in digital format. XBRL allows for the reporting information to move between organisations rapidly, accurately and digitally.
This new format allows many parties to continue to do all the things that used to be possible, yet at the same time, open up a range of new capabilities because the information is clearly defined, platform-independent, testable and digital. The digital business reports, in XBRL format, simplify the way that people can use, share, analyse and add value to the data.
Our Services
We provide MBRS data entry services for all set of documents that shall be submitted to SSM via our MBRS platform, in particular for Financial Statements and Reports (FS).
Type of FS submissions include:
Partial / Full XBRL FS
MFRS or MPERS framework
FS – KFI
Key financial indicators
FS – EPC
Exempt private company certificate
Our MBRS platform automates the data entry with minimal error and maximum efficiency. A formal review of the completed document will also be done by our Quality assurance team, supported by our in-house MBRS expert, Mr. Ng Kean Kok.
Why Us
Expertise in MBRS
I'm a certified trainer of MBRS
Quality
Software based solution promote error free output
Choose the perfect plan
Standard package
From
RM270
Per submission
What is included?
Cover templates/worksheets related to financial statements. No generation of XML (zip) file.
RM270
Company Type
- < RM1.5m – RM450
- RM1.5m to 5m – RM680
- RM5m – 10m – RM880
- >RM10m – RM1,080
Company Type
- < RM5m – RM550
- RM5m to 20m – RM780
- RM20m – 50m – RM1,080
- >RM50m – RM1,380
COMPLETE PACKAGE
From
RM320
Per submission
What is included?
Cover all templates / worksheets which comprises of (i) Directors' Report, (ii) Directors' Statements, (iii) Auditor's Report, (iv) Financial Statements
RM320
Company Type
- < RM1.5m – RM520
- RM1.5m to 5m – RM750
- RM5m – 10m – RM950
- >RM10m – RM1,150
Company Type
- < RM5m – RM620
- RM5m to 20m – RM850
- RM20m – 50m – RM1,150
- >RM50m – RM1,450
How it works
1. Choose your package and submit the order
2. Upload your financial docs in Microsoft words format
3. Receive invoice via email
4. Complete your payment
5. Receive your completed job via email
For accounting / secretarial firms, contact us for best quote
FAQ
Most frequent questions and answers
From November 2018 onwards, SSM has made it mandatory for companies to submit their annual returns, unaudited financial statements and certificates for exempt private company via the MBRS platform. However, this overall requirement has been set for implementation in stages throughout Malaysia, starting with Klang Valley.
Announcement for mandatory submission of audited financial statements is expected in the near future and is expected to start in early 2019.
Companies may face the following challenges in keying in the Financial Statements and Report:
1. Lack of manpower and time to do the data entry
2. Lack familiarity and knowledge – there are hundreds of data fields that need entry with their own unique definitions
3. Meeting compliance for submission – the tool needs to be filled in completely and without error before it can be submitted
We require the scanned copy, pdf copy and/or word copy of the full set audited financial statements and reports to complete the prepare the MBRS FS templates, as a minimum to perform the ‘FS only’ exercise. This will also mean that there shall be no generation of the XML (zip) file.
If your business / company seeks for us to perform full completion exercise, then, there will be an added ‘checklist’ of prior information that would be required to be provided to us.
The checklist is based on the required information as per the MBRS template, for information that may not be found in the audited financial statements.
Firms that seek ‘volume discounts’ for their clients or are interested in our ‘3-year package’ incentive scheme are encouraged to contact us directly for the prices.
The charges depend on the extent and level of completeness of the templates for FS, and the type of documents that may be made available to us. These can be clarified and negotiated.
Contact us now to get quote at ngkk@cloudaron.com / +6012-209 6251
