Simple Fund 360 allows users to prepare Transfer Balance Account Reports (TBARs) for members of a Self-Managed Super Fund (SMSF). While the software cannot lodge TBARs directly to the ATO, it generates the required files for manual submission via the ATO's Online Services for Agents or Business Portal.
This guide explains how to prepare, export, and lodge TBARs using Simple Fund 360.
Prepare and Export
Step 1: Access the TBAR Management Screen
| From the Main Toolbar, hover your Cursor over Connect. | |
| Select TBAR Management from the list. |
- This screen lists all TBAR reportable events recorded in the fund, including:
- Commencement of a retirement phase income stream
- Full or partial commutations
- Structured settlement contributions
- Reversionary pensions
- From the TBAR Management screen, select a Lodging Party.
- Click the checkbox to the left of the events to include in the global TBAR file.
- Select Prepare.
- Simple Fund 360 will run a validation check before producing the global TBAR file.
Ensure to save the file to your computer. This is the file you'll lodge through the ATO. - The Event Batch will be validated. Events will be moved to the Prepared tab.
Lodgement
You can use either of the following portals:
- Online Services for Agents (for tax or BAS agents)
- Online Services for Business (for trustees lodging directly)
Trustee and other forms of TBAR lodgement: ATO: Reporting methods and lodgment
TBAR Lodgement Instructions
Set Up
- Setting up your Tax Agent Portal to lodge TBAR files
- Setting up your Business Portal to lodge TBAR files
Lodgement options:
- Tax Agent Portal - File Transfer (Instructions below)
- Business Portal - File Transfer
To lodge a TBAR File through the Tax Agent Portal:
- Save the previously generated file on your computer or network
- Log in to the ATO Tax Agent Portal
- Navigate to Reports and forms and select File transfer:
- Select the Lodge button to indicate that you wish to lodge the file:
- Attach the TBAR file created in SF360, and tick the Declaration before submitting the file for lodgment
Alternatively, you may check the Test to indicate that you wish to test the lodgement of the file without lodging it.
Once the TBAR file is successfully lodged, note the ATO receipt number and mark the file as lodged in Simple Fund 360.
References: ATO - File Transfer
Mark as Lodged
Mark Events as Lodged in Simple Fund 360
After successfully lodging the file:
- Return to TBAR Management in Simple Fund 360.
- Navigate to the Prepared tab
-
After lodgement via the ATO Portal, select the check box to the left of the Event Batch ID under the Prepared tab and select Mark as Lodged. This will move the Event Batch to the Lodged column
Note: Since the file lodgement is required to be completed via the ATO Portal this step cannot be updated automatically in Simple Fund 360.
This step helps keep your records accurate and prevents double-lodgement.