Sort your end of financial year
Get your books in order before the financial year ends and make tax time less taxing.
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.
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
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
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
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 blogWhen 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 XeroUse 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 paymentsKeep 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 tipsIf 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 & feedsXero 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
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.
End of financial year checklist
Use the checklist to help you create an efficient and timely EOFY process from start to finish.
Get set for the new financial year
Find out what you can do to better prepare your business for the financial year ahead.
Use Xero to get EOFY sorted
Access all Xero features free for 30 days to help you conquer tax time.
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.
Simple bank reconciliation
Keep track of your cash flow with daily bank reconciliation. Save time and stay current on your business.
Instant data capture
Automate tasks like entering bills and receipts. Take a photo of receipts or scan bills into Xero via Hubdoc.