The EOFY Countdown: What Your Bookkeeper Needs and the Last-Minute Tasks to Complete Before 30 June

As the end of the financial year (EOFY) rapidly approaches, it’s crunch time for Australian small businesses. The weeks leading up to 30 June can make or break your ability to stay compliant and financially prepared for the year ahead. For many, this time can feel overwhelming, but with the proper checklist and a clear understanding of what your bookkeeper or BAS agent needs from you, it doesn’t have to be.

Whether you’ve been meticulous throughout the year or are just now catching up, this guide will help you stay on track with essential last-minute bookkeeping tasks and give you a clear rundown of what to hand over to your bookkeeper before the deadline hits.

✅ Last-Minute EOFY Bookkeeping Tasks to Tick Off

Here’s a checklist of critical tasks you’ll want to complete before 30 June:

1. Reconcile Bank Accounts and Credit Cards
   Ensure all bank transactions are up to date and correctly categorised. This includes business credit cards and any loans.
2. Follow Up on Unpaid Invoices
   Chase up any outstanding payments from clients. It’s a good time to write off bad debts if you’ve exhausted all recovery options.
3. Review Expenses and Categorise Correctly
   Make sure all business expenses are recorded and categorised properly. Don’t forget about receipts for smaller, ad hoc purchases.
4. Record Asset Purchases and Depreciation
   If you’ve bought business equipment or assets, record them properly and check whether they’re eligible for immediate write-off or depreciation.
5. Reconcile Payroll and Superannuation
   Finalise all payroll records and ensure super contributions are paid on time to be deductible this financial year (must be received by the fund, not just processed).
6. Stocktake (if applicable)
   If your business carries inventory, conduct a stocktake and record any stock losses or adjustments.
7. Review GST and BAS Lodgements
   Ensure all your Business Activity Statements (BAS) are lodged and GST has been correctly reported and paid.

📁 What Your Bookkeeper Needs From You Before EOFY

To help your bookkeeper (or BAS agent) wrap things up quickly and accurately, make sure you send them the following:

• Bank Statements and Loan Summaries (including business credit card statements)

• Receipts and Invoices for purchases, expenses, and income not already in your accounting software

• Payroll Reports including STP summaries, superannuation payments, and any staff bonuses or leave liabilities

• Inventory Count or stocktake results (if relevant)

• Details of New Assets Purchased during the year

• Vehicle Logbooks or Work-Related Travel Records (if claiming motor vehicle expenses)

• List of Outstanding Invoices and Bills as of 30 June

• Any Government Grants or COVID-19 Relief Received

• Business Insurance and Subscriptions relevant to the financial year

• Your questions or concerns—if anything is unclear, now’s the time to ask!

Organising and submitting these documents early will allow your bookkeeper to finalise everything more efficiently and accurately, saving you money, reducing risk, and giving you peace of mind.

Don’t wait until it’s too late to get your EOFY sorted. At Sudoku Bookkeeping, we specialise in helping small businesses stay compliant, confident, and calm at tax time.

Katia Chehade is ready to help you power through these final weeks. Whether you’re behind on your books or want a professional eye to ensure everything’s spot-on, Katia has your back.

📩 Reach out to Katia today to book your EOFY check-in and let’s make this your smoothest year-end yet. Email her at [Insert Contact Information] or visit [Insert Website] to get started.

Let us handle the numbers so you can focus on what you do best—running your business.