Preparing for the End of Financial Year: A Checklist for Businesses

Updated: Mar 11

The financial year ends on June 30, making EOFY preparation is essential for business owners.

Key Tasks Before June 30

• To prepare for EOFY, businesses should:
• Review profit and loss statements
• Check deductible expenses
• Write off bad debts
• Review asset purchases
• Reconcile accounts

Payroll and Superannuation

Ensure all payroll records are accurate and that employee super contributions are up to date.

Work With Your Accountant Early

Planning before the end of the financial year can significantly reduce tax liabilities.

👉 Speak to one of our an experienced accountants to ensure you are EOFY ready.