Sort your end of financial year

Get your books in order before the financial year ends and make tax time less taxing.

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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.

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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.

Get your own financial year calendar

See all the key dates and deadlines for the financial year at a glance with this handy tax year calendar.

Check out the Australian EOFY calendar
A freelancer looks up the dates that apply to their business at the end of the financial year.

Tools to help small business through EOFY

Find resources to help with end of financial year to make the process as straightforward as possible.

Check out tools to prepare your small business for EOFY
Xero has lots of tools and resources to help you prepare your small business for the end of financial year.

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
Prepare your clients for end of financial year with Xero’s resources for accountants and bookkeepers.

More about EOFY and 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.

Read our latest Payroll EOFY blog

When the financial year ends, you'll need to finalise STP so it’s ready to submit by 14 July.

Find out how to finalise STP data in Xero

Use our Auto Super feature to batch pay your super contributions. This process uses a third party clearing house, SuperChoice, so we'll recommend a submission date for batches that takes into account bank clearing times throughout the process.

Register for automatic superannuation payments

Keep on top of your reporting so your books are ready for end of the financial year. Use our handy guide to know what tasks to complete at tax time.

Read our top tips

If your Xero plan allows, you can set up bank feeds to eliminate the need to import transactions manually. This automatically imports transactions from your bank or financial institution directly into Xero.

Read about our bank accounts & feeds

Xero will calculate super based on the statutory rate in line with the ATO, automatically applying the updated rate to your pay runs that fall in the new financial year. The removal of the $450 threshold will also apply in these pay runs.

Process superannuation payments

Prepare for EOFY with Xero

Xero has all the features you need to manage the end of the financial year effortlessly.

Easy invoicing

Send online invoices as soon as the job is done. Set automatic reminders to spend less time chasing payments.

Learn more about invoicing

Simple bank reconciliation

Keep track of your cash flow with daily bank reconciliation. Save time and stay current on your business.

Learn more about bank reconciliation

Instant data capture

Automate tasks like entering bills and receipts. Take a photo of receipts or scan bills into Xero via Hubdoc.

Learn more about capturing data

Use Xero to get EOFY sorted

Access all Xero features free for 30 days to help you conquer tax time.

Explore more EOFY resources

End of financial year jargon buster

Get EOFY-ready with our helpful list of common terms to help you navigate your end of financial year.

Open the EOFY jargon buster

End of financial year checklist

Use the checklist to help you create an efficient and timely EOFY process from start to finish.

Open the financial year-end checklist

Get set for the new financial year

Find out what you can do to better prepare your business for the financial year ahead.

Open the tasks for your tax period one-pager