If you employ staff, you need a EOFY checklist. The end of the financial year is not just about tidying up your receipts and checking your expenses.

There are payroll records, super payments, employee details, leave balances, contractor arrangements and Single Touch Payroll finalisation to think about too. Fun little bundle, isn’t it?

The good news is that EOFY does not need to feel chaotic. A little preparation before 30 June can make the process much smoother for you, your accountant, and your team.

Here are the key things employers should review and add to the EOFY checklist.

1. Check your payroll records

Start with payroll.

Make sure wages, allowances, overtime, bonuses and any other payments have been recorded correctly. This is one of those areas where small mistakes can create bigger headaches later, especially when employees are checking their income information or asking questions.

If someone worked overtime, received an allowance, changed hours, or had a pay adjustment during the year, now is the time to make sure it has all been recorded properly.

Clean payroll records make EOFY reporting easier and help reduce the risk of last minute fixes.

2. Review super payments

Super is a big one.

Before EOFY, check that super contributions are up to date, recorded correctly, and paid to the right funds. If you have employees who changed funds, updated details, or started during the year, it is worth double checking everything is where it should be.

Super deadlines matter, and late or missed payments can create extra admin and potential charges.

This is also a good time to make sure your systems are ready for any upcoming changes to super payment processes, especially if you are managing payroll yourself.

3. Check employee details

Employee details are easy to overlook, but they matter.

Names, tax file numbers, addresses, employment status and other key information should be accurate before EOFY reporting is finalised.

If an employee has moved house, changed their name, updated banking details, or changed employment arrangements during the year, make sure your records reflect that.

Accurate information helps prevent confusion and makes the whole finalisation process much smoother, add a quick audit to your EOFY checklist.

4. Review leave balances

Leave balances should also be checked before 30 June.

Make sure annual leave, personal leave and any other entitlements are recorded correctly. This is especially important if employees have changed hours, moved between part time and full time, taken extended leave, or had changes to their role.

Leave errors can be frustrating for both employers and employees, so it is much better to catch them before they become a bigger issue.

A quick review to your EOFY checklist now to avoid awkward conversations later.

5. Check contractor arrangements

If you work with contractors, EOFY is a good time to review those arrangements too.

Some contractor payments may have reporting obligations, and in some cases, super considerations may apply depending on the nature of the work and arrangement.

This is where personalised advice matters. Contractor rules can depend on the details, and Google is not always your friend here.

If you are unsure whether someone should be treated as a contractor, employee, or something in between, speak to your accountant and add this to you EOFY checklist before pressure kicks in.

6. Prepare for Single Touch Payroll finalisation

Single Touch Payroll finalisation is one of the big tasks on the EOFY checklist for employers.

This process confirms employee income, tax and super information for the financial year. Once finalised, employees can access their income statement through myGov.

Getting this right matters because employees often rely on this information to complete their tax returns.

Before finalising, make sure payroll records are accurate, employee details are correct, and any issues have been reviewed.

If you are unsure, ask early

Employer obligations can feel like a lot, especially when you are also trying to run the actual business.

But you do not need to work it all out alone.

The earlier you ask questions, the easier it is to fix issues, clarify obligations and make sure everything is handled properly before EOFY.

A good accountant can help you understand what applies to your business, what needs checking, and what can wait.

Getting through your EOFY checklist  much easier when you have the right support.

Do you have your EOFY checklist?

Book a free assessment and let us help you feel ready before 30 June.