Review your records and get your practice organised for the end of the financial year

Here's our handy checklist to help get you started:

  Reconcile all balance sheet items as at 30 June, particularly bank accounts

   Organise year-end Payroll & Superannuation:

  Pay all outstanding super for employees before 21 June 2025

   Calculate any employee bonuses payable

   Single Touch Payroll finalisation to be completed by 14 July 2025

   Review income & expense accounts to ensure explanations are clear

   Review receivables for any bad debts to write off

   If still applicable to your practice, clear the Practice Clearing Account and ensure all payments are made by 30 June

   Review depreciation schedule for obsolete Plant & Equipment assets and advise on items to be written off

   Review rental agreements and ensure that annual rent reviews have occurred

   Print a snapshot of all practice loan and bank account balances at 30 June

   Gather documents for any asset purchases or disposals during the year including copies of any lease or hire Purchase Agreements entered into

   Consider the benefit of cloud software 'add-ons' for the next Financial Year, such as Hubdoc