Sort your end of financial year
Get your books in order before the Australian 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.
How Xero helps small business with EOFY
Find out how Xero makes business accounting, including end of financial year reporting straightforward.
Discover the benefits of Xero onlineXero tools and resources for EOFY
Xero provides a calendar, guides, checklists and other resources to help small businesses, accountants and bookkeepers prepare for the end of the financial year.
See EOFY tools and resources belowAbout EOFY and Xero
Reconcile your payroll to check your end of year 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 blogReconcile your payroll to check your end of year 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 XeroWhen 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 Xero’s auto super feature to batch pay your super contributions through the third-party clearing house, SuperChoice. We'll recommend a submission date for batches that takes into account bank clearing times throughout the process.
Register for automatic superannuation paymentsUse Xero’s auto super feature to batch pay your super contributions through the third-party clearing house, SuperChoice. 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 the end of the financial year. Use our handy guide to know what tasks to complete at tax time.
Read our top tips (PDF)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 (PDF)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 managing bank accounts and feedsIf 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 managing bank accounts and feedsXero calculates super based on the statutory rate set by the ATO, automatically applying any update to the superannuation guarantee rate for a financial year to pay runs.
Process superannuation paymentsXero calculates super based on the statutory rate set by the ATO, automatically applying any update to the superannuation guarantee rate for a financial year to pay runs.
Process superannuation payments
EOFY for small businesses
Find handy resources on the Xero Central resource page to get help with tidying up the books and preparing for the new year.
EOFY resources for small businessesEOFY for accountants and bookkeepers
Whether it’s your first EOFY or your tenth, it pays to be organised. Use the tools and resources in Xero Central to help you meet key dates and milestones.
EOFY resources for accountants and bookkeepersMore helpful EOFY resources
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.
Key financial year dates
See the key dates and deadlines for the financial year at a glance with this handy tax year calendar.
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 jargon buster
Get EOFY-ready with our helpful list of common terms to help you navigate your end of financial year.
Start using Xero for free
Access Xero features free for 30 days to help you conquer tax time.
Run your business 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.