Post-30 June Business Checklist
EOFY may be over, but there are still important follow-up tasks that should not be left until later in the year.
After 30 June, business owners should take time to review records, finalise payroll obligations, reconcile accounts and prepare for the year ahead. Getting these tasks completed early can help reduce errors, avoid missed deadlines and give you a clearer picture of your business position.
Review Your Record Keeping
Make sure your business records are complete and up to date.
This includes invoices, receipts, bank statements, loan documents, asset purchases, vehicle records, supplier statements and any documentation relating to deductible expenses.
Strong record keeping makes EOFY reporting easier and helps ensure your accountant has the right information available when preparing your tax return and financial statements.
Finalise Payroll and Employee Records
Review payroll reports, employee details, leave balances, Single Touch Payroll finalisation requirements and any payroll adjustments.
If you have not already done so, check that your systems are ready for Payday Super and that superannuation is being processed correctly under the new timing requirements.
Check Superannuation Obligations
Super guarantee contributions for the April to June 2026 quarter must be received by employees’ super funds by 28 July 2026.
Employers who do not pay the minimum super contributions by this date must lodge a Superannuation Guarantee Charge Statement and pay the Superannuation Guarantee Charge by 28 August 2026.
Reconcile Your Accounts
Review bank reconciliations, debtor balances, creditor balances, payroll accounts, GST, PAYG withholding and loan accounts.
This is also a good time to follow up overdue invoices and confirm whether any bad debts need to be reviewed.
Prepare Supporting Documentation
Ensure documentation is available for key deductions, stocktake results, asset purchases, motor vehicle claims, home office expenses and any business-related travel or entertainment.
If documentation is missing, it is far easier to address this now than months later.
Plan for the New Financial Year
Once the compliance work is underway, turn your attention to the year ahead.
Review your budget, cash flow, pricing, staffing, systems and growth priorities. The earlier you identify pressure points, the easier they are to manage.
