Get sorted for end of financial year

Get your business books in order before the financial year ends and take tax time out of the too hard basket.

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.

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 sets up their monthly subscription to Xero.

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

Use Xero to get EOFY sorted

Access all Xero features free for 30 days and get next year’s tax time out of the too hard basket.