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.
The Australian Business Register (ABR) program is responsible for SBR and works closely with commercial business software providers and across government to expand its use.
SBR is built into business/accounting software making it SBR-enabled and allows businesses to significantly reduce the time spent collating information, filling in forms and submitting reports to government.
SBR uses the business transactions captured in business software to prepare reports. This is the concept of 'capturing once' and means business no longer has to re-enter information for multiple reporting obligations.
Read more about how SBR-enabled business software benefits business.