Standard Business Reporting or SBR is a standard approach to online or digital record-keeping that was introduced by government in 2010 to simplify business reporting obligations.
SBR is built into business/accounting software making it SBR-enabled.
SBR incorporates standard terms that are used in government legislation and reporting. These terms are then linked to terms that are in the business/accounting software creating consistency for business and government.
SBR extracts information that has been recorded in business/accounting software as part of running your business and prefills this into the relevant government report. The report can then be checked for accuracy and submitted directly and securely to government using AUSkey, without the need to log into a separate portal.
Compared to other ways of lodging government reports, SBR can reduce preparation and submission time to a matter of seconds.
Watch this short video to see a BAS walkthrough.
SBR works together with the Australian business number and AUSkey to give business an efficient and up to date way of keeping pace with a digital world.
Find out how SBR can benefit your business.
Last updated: 10 Feb 2015
Page ID: 12650