So, it’s that time of the year and all the blogs are flooded with tips and tricks on how to best get around this busy time. 30th of June is the business end of the financial year (EOFY) for finance officers, bookkeepers and payroll clerks.
This year you may need to spend a little time to get ready for Single Touch Payroll (STP) and make sure your accounting system is configured right.
At Calxa, we know many of our customers have now finalised their budgets, got board approval and now will focus on the other finance department responsibilities.
We thought rather than add another set of advice we gather up some of the best resources we have come across.
MYOB’s EOFY Hub
MYOB have a EOFY hub that covers everything from key dates, where to find EOFY webcasts and blogs.
The MYOB team will also be available to live chat at certain times throughout June and July if you need some expert advice.
If you’re looking for more information on STP, have a look at this page to check your MYOB accounting system is ready to go.
XERO’s EOFY Resources for Accountants and Small Businesses
The resources are all grouped under helpful sections, so you can quickly find exactly what you are looking for.
If you run a Small Business, make sure to read Xero’s Top Tips on getting your small business EOFY ready and download their editable checklist.
QuickBooks Tax Calendar and Checklists
Quickbooks have made tax time easier with a detailed calendar of key dates at tax time.
They’ve even split up the calendar so there is one column for if you are Self-Employed and another for if you run a Small Business. Under the Small Business column you will find a link to more STP information.
Institute of Certified Bookkeepers (ICB) – Workshops and Webinar
The ICB is running workshops throughout June in various cities across Australia to help their members prepare for the end of year.
There is also an Online Webinar if you can’t make it to one of the locations where they are holding their workshop.
The Tech EOFY Checklist
On a lighter note, and maybe slightly off topic, we came across Paul Wallbank’s techie checklist published in smartcompany. It was first published in 2008 but it’s still worth a read as it points us into other areas such as checking up on stationery stock and reviewing our phone plans.
A great tip is the backing up of important documents and accounting data. Generally, a good tech spring clean is recommended.
Hopefully this gives you some of the tools available out there to deal with your end-of-year. Happy New Financial Year.