End of financial year explained
Australia’s financial year ends on 30 June. Get your finances in order before closing your books for the year.
When to lodge your tax return
The due date for most businesses is 31 October. If you have a tax agent, they’ll let you know when to lodge.
More key financial year dates
You’ll need to submit your finalised STP report by 14 July and lodge your Q4 BAS by 28 July.
Complete your income tax return
Declare how much profit your business earned and any business expenses you can claim as a deduction.
Retain business records
Under Australian tax law, you must keep records of all business transactions for five years.
EOFY for accountants and bookkeepers
Whether it's your first EOFY or your tenth, it pays to be organised. Use our tools to meet key dates and milestones.Check out EOFY resources for accountants and bookkeepers
More about EOFY and Xero
Keep on top of your reporting so your books are ready for the end of the financial year. Use our handy guide to know what tasks to complete at tax time.Read our top tips
One of your tasks when the financial year ends is to finalise your STP report so it’s ready to submit by 14 July.See how to finalise STP data in Xero
Reconcile your payroll to check your reporting is correct. Run both the Payroll Activity Summary report and the General Ledger report in Xero and ensure the amounts in the relevant accounts match.See how to review payroll transactions in Xero
Prepare for EOFY with Xero
Xero has all the features you need to manage the end of the financial year effortlessly.
Send online invoices as soon as the job is done. Set automatic reminders to spend less time chasing payments.
Simple bank reconciliation
Keep track of your cash flow with daily bank reconciliation. Save time and stay current on your business.
Explore more EOFY resources
End of financial year basics
Learn the basics of EOFY, from what to ask your accountant to what to do before lodging a return.
End of financial year checklist
Use the checklist to help you create an efficient and timely EOFY process from start to finish.