EOFY Checklist for Business Central (30 June)

Four weeks before 30 June

Decisions, not tasks.

Agree the cut-off calendar with finance, operations and your accountant

Confirm stocktake method and dates, and freeze item master changes

Review open purchase orders and goods received not invoiced

Review aged debtors and decide on provisions

The last week

Transactions that must be in the right period.

Post goods receipts and shipments to the correct period

Post accruals and prepayments with a standard template

Run fixed-asset depreciation and review disposals and additions

Reconcile bank, credit cards and clearing accounts

Reconcile GST control accounts to the BAS

Payroll and super

Employers finalise Single Touch Payroll data for each employee, which is due by 14 July for most employers. Reconcile payroll liabilities, leave provisions and super payable to the ledger before finalisation.

Reconcile PAYG withholding and super liabilities

Review leave balances and provisions

Confirm finalisation with your payroll provider and your tax agent

Close and lock

Once reconciliations are signed off, lock the period.

Run the trial balance and review variances to prior year and budget

Post year-end adjustments and obtain accountant sign-off

Lock posting periods and restrict access to the closed year

Archive the reconciliation pack and the cut-off evidence

What to fix before next year

List every manual step that hurt this year and either automate it or make it a documented checklist item. The best time to design next year's close is the week after this year's.

Frequently asked questions

When is STP finalisation due?

For most employers, by 14 July. Confirm the current deadline for your circumstances with the ATO or your tax agent.

Should we lock the period in Business Central?

Yes, after sign-off. Locking prevents late postings that change reported figures. Use controlled allowed-posting dates for exceptions.

Can you run a review of our close process?

Yes. A close review is a short engagement that maps your close, finds manual steps and proposes fixes.

General information, not tax advice. Confirm deadlines and obligations with the ATO or your registered tax agent.

Last reviewed 2026-10-11

End-of-financial-year checklist for Business Central.