Get sorted for end of financial year

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

A screen shows a list of people to be paid as part of the end of financial year tidy-up.

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.

A sole trader checks what they need to to the accounts ready for their accountant at the end of the financial 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.

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

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.

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 basics

Learn the basics of EOFY, from what to ask your accountant to what to do before lodging a return.

Open the EOFY basics one-pager

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