Get sorted for end of fiscal year

Get your business books in order before the fiscal year ends and make tax time less taxing.

End of fiscal year explained

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

The due date for most businesses is April 18 unless you have an extension.

Declare how much profit your business earned and any business expenses you can claim as a deduction.

Keep copies of your filed tax returns to help prepare future returns or file an amended return.

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

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

: Keep on top of your books so they’re ready for the end of the fiscal year. Use our handy guide to help make tax preparation less stressful, more efficient, and much simpler.
Read our top tips
: 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
: You may need to file a 1099-NEC if you pay non-employees such as freelancers. Before 2020, this information was reported on the 1099-MISC. You may still need to file a 1099-MISC if you need to report miscellaneous income such as rent or royalties.
Learn more about 1099 in Xero

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

Keep track of your cash flow with daily bank reconciliation. Save time and stay current on your business.

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

Automate tasks like entering bills and receipts. Take a photo of receipts or scan bills into Xero via Hubdoc.

Access all Xero features free for 30 days to help you conquer tax time.