End of financial year always feels closer than you think. If June has snuck up on you, take a breath. This is your EOFY checklist 2026, the same one I walk my clients through every year. The next few weeks are about working through it one task at a time, so you head into 1 July with your books in order and money back where it belongs: in your business.
Your EOFY checklist 2026 at a glance
Six tasks to work through in June before 30 June. Print this out, tick them off, and book in time for each one rather than trying to do them all on the last weekend of the month.
- Export 12 months of bank statements and comb through them
- Confirm your PAYG instalments are paid
- Make sure Single Touch Payroll is up to date
- Prepare for Payday Super
- Pay outstanding super by 30 June
- Tidy your books and reconcile
1. Export 12 months of bank statements and comb them
This is the single biggest opportunity most small business owners miss.
Log in to your personal banking and export the last 12 months as a CSV. Open it in a spreadsheet and read through every line. You are looking for any business-related transaction that came out of your personal account: subscriptions, fuel, tools, training, parking, a working lunch, a domain renewal, a piece of equipment, a courier fee.
Highlight anything that should have been claimed. These are real deductions, and they often add up to thousands of dollars across a year. Most people genuinely forget what they spent personal money on, so the only reliable way to catch it is to look.
2. Confirm your PAYG instalments are paid
Pay As You Go (PAYG) instalments are how the ATO collects your income tax in advance through the year. Make sure every instalment has been lodged and paid. If you’ve fallen behind, get current now so you aren’t carrying the balance into your tax return.
If you’ve had a slower year than expected, your instalments might be too high. You can vary them, but talk to your accountant first to make sure you don’t underpay and trigger interest charges later.
3. Make sure Single Touch Payroll is up to date
Single Touch Payroll (STP) reporting must be current for every employee, including any directors paid through the business. Before 30 June, check that every pay event has been reported through your software and that your year-to-date figures match what you’ve actually paid.
If anything looks off, fix it before you finalise your STP year-end declaration. Your employees will need their income statements to be correct so they can lodge their own returns.
4. Prepare for Payday Super
From 1 July 2026, superannuation is paid on payday, not quarterly. This is one of the biggest payroll changes in years.
What that means in practice:
- Weekly payroll = weekly super
- Fortnightly payroll = fortnightly super
- Monthly payroll = monthly super
If you’ve been used to setting aside super and paying quarterly, this is a significant cash flow shift. Build the new rhythm into your forecasting before 1 July so it doesn’t catch you out. If you’re not sure your payroll system is set up to handle the change, now is the time to check.
5. Pay outstanding super by 30 June to claim the deduction
This one trips a lot of business owners up: super is only deductible in the financial year it is received by the employee’s fund, not the year you paid it. If you want a deduction in 2025-26, the super needs to be in the fund by 30 June 2026.
Allow processing time. Build a buffer of several business days, and don’t lodge a payment on 29 June expecting it to clear in time.
6. Tidy your books and reconcile
Before you close out the year, do a final pass over your bookkeeping software:
- Match every transaction to a category
- Reconcile your bank accounts
- Chase any outstanding invoices that you want paid before 30 June
- Review and write off any genuinely bad debts so they don’t sit on your books another year
Need a hand?
If this list is making your shoulders climb up around your ears, you don’t have to do it on your own. I work with small business owners across hospitality, wine, service-based businesses and beyond, and EOFY is exactly the kind of crunch I’m built for. Get in touch and we’ll get your books and your head clear before 30 June.
~ Ami x