Get sorted for end of fiscal year

Get your business books in order before the fiscal 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 fiscal year explained

Tax deadlines are coming up. Get your finances in order so an accurate tax return can be prepared.

Ryan Simmons and Ed Hemming of artisanal bakery Volare prepare bread dough knowing their books are in order for EOFY.

What is a fiscal year?

It’s an accounting period over 12 consecutive months, ending the last day of any month except December.

Why is the fiscal year important?

The fiscal year determines the timeline for when a company reviews financial documents.

Can the fiscal year be adjusted?

Yes, to reflect seasonality. For example, retail fiscal year can be Feb 1–Jan 31 due to holiday shopping.

Find an accountant or bookkeeper

Working with your accountant or bookkeeper is easy with Xero. Find one to suit in the Xero advisor directory.

Find one near you
A business owner works happily online with their accountant on preparing their accounts for EOFY.

EOFY for accountants and bookkeepers

It pays to be organized for the end of fiscal year. Use Xero HQ and Xero Practice Manager to boost efficiency.

Learn how to work smarter, not harder this tax season
Prepare your clients for end of fiscal year with Xero’s resources for accountants and bookkeepers.

More about EOFY and Xero

You don’t need to do a formal year-end close or roll up journal in Xero, but you can follow a simple process to check your accounts are up-to-date before the fiscal year ends.

See how to do a year end in Xero

Prepare for EOFY with Xero

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

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

Up-to-date accounting reports

Track your finances with accurate accounting reports and collaborate with your advisor online in real time.

Learn more about reporting

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.