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standard business reporting

Standard Business Reporting – Communicating with the ATO

Standard Business Reporting (SBR) is a government initiative designed to make the way you complete your government reporting requirements as simple as possible. It allows you to save time, minimises compliance costs and frees you up to do what is most important – growing your small business.

Standard Business Reporting includes BAS reports and Wages, including lodgement of Tax File Number (TFN) declarations and end-of-year PAYG information.

SBR simplifies your reporting by reading the financial data in your accounting software program, and then delivering the forms to the relevant government agencies through a safe, secure online channel.

Benefits of SBR for small business:

1. Reduces the amount of paperwork you deal with significantly.
2. Your reports are securely stored in your small business bookkeeping software.
3. Reports can be pre-filled with information from your accounting system which saves you time.
4. You will receive a fast response to confirm your lodgement has been received.

Lodging your BAS via SBR:

To lodge your BAS via Standard Business Reporting, click on the BAS report in Cashflow Manager and select your dates as normal. You must be connected to the internet. When you click on the [Lodge via SBR] button, the BAS information is updated ready to process through the ATO SBR. The SBR settings page will open.

The first time you use this you will need to create your settings. Your lodgement details and AUSkey credentials are supplied by the ATO when you register for SBR. Register for your ‘AUSkey’ online. The ‘AUSkey’ needs to be saved on your computer and selected in the set up process.

The payer information is for your small business. The intermediary information relates to any intermediary, such as your accountant, who lodges this information on your behalf. When you have completed this information click on [Next].

When you click [Next] the program sends a request to the ATO for any forms that apply to that period. If there is only one form outstanding, this will open in the next window. If there is more than one form outstanding, they will be listed and you will need to select the form you wish to complete and click on the [Prefill Form] button.

The form is prefilled on the left side with information from Cashflow Manager in relation to the BAS report as well as other information from the ATO. The GST reporting field has a 0 that needs to be changed to a 1 or 2 depending on information from the ATO.

Lodging PAYG Summaries via SBR

SBR also allows you to lodge your PAYG payments summaries via the program.

Click on [Tools] > [Lodge PAYG Summaries via SBR].

The SBR settings page will open. The first time you use this you will need to create the settings. However, if you have already done this for lodging your BAS, some of your details will already be saved. The Payer and Intermediary information will also be saved, but this section will require more information than the BAS section.

When you have filled in all of the required information click on [Next]. When you click on [Next] your employees will be listed. Select the employees to include in the report. Once you have completed the form, click on [Prelodge] to have the ATO check your form or [Lodge] to lodge your form.

Lodge Tax File Number declarations via SBR:

When you have a new employee, SBR allows you to lodge the Tax File Number declaration data directly from the program.

Click on Tools > Lodge TFN Declaration via SBR. The SBR settings page will open. (When completing your employee set-up you will be prompted to lodge via SBR in the program)

If you have already setup the program to use SBR, type in your password and click on [Next]. The Payer Information is for your business. The Intermediary Information relates to any intermediary such as your accountant who lodges this information on your behalf. When you have completed this information, or entered your password click on [Next].

Note: This information will automatically appear when you next open this section. However, you will need to type in the ‘Keystore’ or ‘AUSkey’ password supplied to you by the ATO each time you use SBR lodgement.

When you click on [Next] you can select the employee(s) for lodgement.

Note: If you are doing this for the first time and have previously lodged TFN declarations for some employees, select those employees and then click on [Mark As Lodged]. Then select and lodge the TFN declaration for the new employee(s) as required.

Once you have completed the form, click on [Prelodge] to have the ATO check your form, or [Lodge] to lodge your form.

The Australian Tax Office encourages all Australian businesses to lodge their reports electronically using SBR. It is expected that SBR reporting will eventually become mandatory. More information on SBR.

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Comments (6)

  • Anne Sherwood Reply

    Hi, after I click lodge to send tax dec to ATO will I receive any confirmation that they have received it. The message on the SBR screen is ‘lodging form with ATO’ but seems to be taking quite a while.

    15/09/2020 at 3:57PM
    • Madi Reply

      Hi Anne, you should get a second message stating ‘ATO message accepted’ or similar

      16/09/2020 at 9:45AM
  • Factoring Finance Reply

    Thanks for sharing this article about benefits of SBR for small business. I really need this. I think that this details will help me with my business as well. I’ll definitely return to this site to read more article like this.

    15/06/2020 at 11:38AM
  • Debtor Finance Reply

    Great article. Thanks for sharing the benefits of SBR for small business. This gives me a lot of ideas. I’ll definitely return to this site.

    13/03/2020 at 1:21PM
  • Leanne McArthur Reply

    Hello Cashflow,
    I have just attempted to lodge a test report to the ATO for the PAYG summary but it has come back with a couple of errors, considering this is an auto generated report Im not sure where the errors are in the system, if you could please assist with this it would be greatly appreciated. Happy to send a copy of the report but essentially its saying Reason Code: WM549 Total warnings: 4
    When the Reportable fringe benefits field is zero the FBT Exempt Type field must be blank.

    03/07/2018 at 12:33PM
    • Rebecca Bendikov Reply

      Hi Leanne, Thanks for your comment. This sounds like one for our technical support team! Please call 1300 88 78 68 and they will be happy to work through this with you. Kind Regards, Rebecca

      26/07/2018 at 2:17PM

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