EOFY Checklist for small businesses – 2026 Guide

✅ EOFY Preparation Checklist – Small Business Clients

📋 Payroll & STP Finalisation

• Ensure all pay runs for the financial year (up to 30 June) are processed and lodged
• Reconcile total gross wages, PAYG withholding and superannuation in payroll software against general ledger
• Review and correct any pay run errors or amendments prior to finalisation
• Confirm terminated employees are marked as “ceased” in payroll and STP
• Confirm PAYG withholding amounts reconcile with amounts remitted to the ATO throughout the year

🏦 Superannuation

• Ensure all superannuation contributions for Q4 (April–June) are paid and cleared by 30 June to be tax deductible in the current financial year
• Reconcile superannuation payable in the general ledger against payments made to funds

📒 Bookkeeping & Reconciliations

• Reconcile accounts receivable (debtors) ledger — review and write off any bad debts before 30 June
• Reconcile accounts payable (creditors) ledger and confirm outstanding invoices

📦 Stocktake / Inventory

• Conduct a physical stocktake as at 30 June and document the count with either cost, market value or replacement values noted