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Preparing Your Business for EOFY
- 4 days ago
- 2 min read
As we prepare to start another financial year, now is the perfect time to get organised for payroll finalisation, Single Touch Payroll (STP) reporting and EOFY compliance obligations.
To help make the process easier, we've gathered some useful resources, checklists and guides from Xero, MYOB and QuickBooks to assist you in preparing your business for a smooth year-end.
Secondly, in just a few weeks, Payday Super will finally go live. From 1 July 2026, quarterly super contributions for employees will end. Instead, employees’ super will need to be paid at the same time as their salary and wages. Read on below to learn more about preparing your Xero, MYOB or Quickbooks files for EOFY and to learn more about PayDay Super read our articles here and here.
Xero Users
EOFY Resources
Stay across the latest EOFY updates and payroll requirements with Xero's comprehensive End of Financial Year Hub.
Payroll Finalisation Checklist
Download Xero's EOFY payroll checklist for a step-by-step guide to payroll finalisation and compliance reporting.
Prepare for PayDay Super
From 1 July 2026, PayDay Super is approaching and businesses should begin preparing now. Xero has produced an excellent guide for both Xero and non-Xero users.
MYOB Users
EOFY Resource Hub
MYOB has created a comprehensive EOFY hub covering key deadlines, payroll finalisation and compliance requirements.
Payroll Finalisation Checklist
Use MYOB's EOFY checklist to ensure your payroll reporting is completed accurately.
EOFY File Review Checklist
A useful checklist to ensure your MYOB file is clean and ready for year-end processing.
First EOFY Using MYOB?
If this is your first year using MYOB, this guide walks you through the EOFY process step-by-step.
Prepare for PayDay Super
Learn how to configure your MYOB file and processes for upcoming PayDay Super requirements.
QuickBooks Users
EOFY Resource Centre
QuickBooks has compiled a range of EOFY articles, guides and community resources to help businesses navigate year-end reporting.
EOFY Finalisation Guide
A practical walkthrough designed to help business owners complete EOFY payroll finalisation.
EOFY Checklist
Keep your reporting on track with QuickBooks' EOFY checklist.
EOFY Planning Guide
Access key dates, practical tips and planning strategies to make EOFY less stressful.
Prepare for PayDay Super
Ensure your QuickBooks file and payroll processes are ready for the introduction of PayDay Super.
Key EOFY Reminders
Before finalising your payroll, ensure you have:
✅ Reviewed employee details and tax file numbers
✅ Reconciled payroll reports to your accounting records
✅ Checked superannuation payments have been processed correctly
✅ Reviewed any allowances, bonuses and termination payments
✅ Completed and lodged your STP Finalisation Declaration by the required deadline
The Neill Family Group Is Here to Help
If you need assistance with EOFY payroll finalisation, STP reporting, superannuation compliance or preparing for PayDay Super, our team is here to help.
Contact us to ensure your payroll reporting is accurate, compliant and ready for the new financial year.
Happy EOFY from The Neill Family Group! 💸
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