Get sorted for end of financial year

The countdown to end of financial year is on. Time to take control of your business and know your numbers with Xero.

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

The financial year runs from 1 April to 31 March. 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.

When your income tax return is due

The due date for most businesses is 7 July unless you have an extension or use an advisor with an extension.

More key financial year dates

Pay your EOFY income tax by 7 February in the next year, or 7 April if you or your advisor have an extension.

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

Inland Revenue requires businesses to keep records of all business transactions for at least seven 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.

Open the NZ financial year calendar
A freelancer looks up the dates that apply to their business at the end of the financial year.

Get 50% off for 3 months

Sign up to any plan to suit your business by 31 March 2023 and get 50% off your first 3 months. Terms apply.

Get started today
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Upcoming webinars about Xero & EOFY

If you're new to business or would like to learn basic financial principles, we'll cover accounting terms like chart of accounts, bank reconciliation and more, so you can learn areas fundamental to running your business. 14 February, 2–2:30pm.

Register now

Tidy up your books so you're in control and ready for a smooth end of financial year. As a small business, learn some tips and tricks to help review your Xero organisation so your accounts and tax returns can be finalised. 21 February, 11–11:30am.

Register now

Learn different ways to analyse your business performance to reflect on the last financial year and set the direction for the new one. Use Analytics Plus, the Budget Manager and report customisation to make better decisions. 28 February, 2–2:30pm.

Register now

For small businesses who process payroll, refresh the steps to review and process payroll at financial year end. Learn about report updates, see worked examples from the payroll blog and be informed of some rate changes. 2 March, 2–2:30pm.

Register now

Prepare for EOFY with Xero

Xero has the tools you need to keep track of your accounts and take tax time out of the too hard basket.

Easy quoting and 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 up-to-date on your finances.

Learn more about bank reconciliation

Capture bills and receipts

Automate tasks like entering bills and receipts. Key info is extracted from bills and receipts into Xero.

Learn more about capturing data

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
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Use Xero to get EOFY sorted

Access all Xero features free for 30 days and know your numbers this end of financial year.