SBR offers an easy and convenient way for businesses to report to government; saving time, minimising compliance costs, and free you up to focus on what's important - building your business.
Accountants and Tax agents
As strategic business leaders, it is necessary for accountants to meet the needs of their clients in an efficient and timely manner.
Using XBRL, an international business reporting language, SBR-enabled software harmonises the reporting information across forms and government agencies. It allows you to report, through a single online channel, directly to government from your accounting system.
Reporting information is clearly defined and linked to accounting and payroll records, enabling the more efficient production of a sound and demonstrable audit trail, from individual transactions through to financial reports.
The benefits of SBR will grow over time, freeing you up for higher level analysis, advising and streamlining the movement of financial information along the reporting chain.
Bookkeepers and BAS agents
If you're ready to take your bookkeeping practice to the next level, you'll need a reporting solution that is easy to understand, easy to implement, safe and reliable.
SBR streamlines the business-to-government reporting process, negating the need to juggle multiple credentials for multiple clients. It also enables you to report, through a single online channel, to government directly from your bookkeeping or accounting system.
With SBR-enabled software, reporting requirements are clearer and consistently defined across government agencies and forms, making it easier for you to meet your clients' reporting obligations.
For businesses operating across state borders, it's a fact that payroll specialists are often confronted with having to submit duplicated information on a range of forms to multiple state and federal government agencies.
SBR streamlines the business-to-government reporting process, negating the need to juggle multiple credentials for multiple clients. It also enables you to report, through a single online channel, to government directly from your payroll system.
It even calculates the amount due for payroll tax.
Changes to payroll reporting regulations are captured in updates to the underlying SBR technology within your software, providing certainty that reports are completed in line with current reporting regulation.
Last updated: 09 May 2012
Page ID: 12550