EOFY Is Over… Now What?
- Marketing Manager
- Jun 28
- 3 min read
Your Post-30 June Checklist to Start FY26 Strong
The deadline has passed. Receipts are filed, deductions claimed, super paid, and returns submitted. But while many exhale once EOFY ends, smart business owners know that
the real opportunity starts on 1 July.
Here’s how to turn your EOFY momentum into strategy for a smoother, smarter, and more profitable financial year.
✅ 1. Review Your Wins and Gaps
Start with a quick debrief. What worked? What didn’t? Whether you're a sole trader or running a team, a simple 0 reflection can help:
Did you meet your income or growth goals?
Were your tax obligations managed smoothly?
Did you find yourself scrambling to lodge or track expenses?
This clarity sets the tone for your FY26 strategy. No shame, just insight.
Tip: Create a “wins & worries” list from the past 12 months and use it to guide your next moves.
💸 2. Reforecast Your Cash Flow
EOFY is like a financial mirror—it reflects the year that was. But now it’s time to look forward.
Rebuild your forecast using:
Updated pricing
Expected seasonal trends
Any new investments or upcoming expenses
Wage adjustments (including the new 12% super rate)
Need help? You’re not alone. Many business owners use July to book a session with their bookkeeper or strategist to reset projections.
🧾 3. Archive & Organise Your Records
Your files from FY25 should now be saved, backed up, and separated from FY26 records.
Check that:
Your cloud folders or portal accounts are up to date
All receipts, invoices, and bank statements are saved in secure, labelled folders
Your accounting software has been reconciled through 30 June
If you’re still managing records manually, it may be time to consider tools like Xero, MYOB, or QuickBooks to make FY26 more automated and compliant.
🪙 4. Set Your FY26 Financial Goals
The best time to set new financial targets? Right now.
Don’t just wing it. Ask:
How much profit do I want to make this year?
What’s my ideal work/life balance?
What expenses can I trim without sacrificing quality?
What investments will help me grow sustainably?
Map it all out in a simple 1-page strategy. If you're not sure where to start—this is where your tax advisor or business strategist can really shine.
📅 5. Stay Ahead of Compliance Changes
The start of a new financial year also means new rules. A few key updates as of 1 July 2025:
Super Guarantee increases to 12%
Stage 3 tax cuts are now in effect
Asset write-off rules have changed (from $20,000 cap to much lower)
ATO is doubling down on recordkeeping audits and STP Phase 2 compliance
Stay ahead by subscribing to reliable updates (like from ProfitCloud.online 😉) or booking quarterly check-ins.
🛠️ Bonus: Tools to Start the Year Strong
Consider these upgrades:
Digital logbook tools for claiming vehicle expenses
Budgeting templates for monthly visibility
Cloud storage for easier document management
Income & KPI trackers to keep your eyes on the big picture
🎁 Freebie: Check out our EOFY Smart Deduction Checklist to stay on track.
Final Thoughts: Don’t Just Move On—Move Forward
EOFY isn’t just an end. It’s a launchpad.
Use this window to reset your habits, upgrade your tools, and align your business goals with your lifestyle.
And if you need a hand? We’re here to help you grow—not just survive.
Ready to Plan Smarter for FY26? 📅 Book your free consult today and take the guesswork out of your numbers.
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