If this has just made you realise there's only 10 days left until the end of the financial year, don't panic!

You don't need to spend the next week buried in spreadsheets or searching for receipts from February.

You just need a plan.

Here's what I'd be focusing on between now and 30 June.

Step 1: Get Your Bookkeeping Up To Date

Before you do anything else, make sure your numbers are accurate.

✔ Reconcile your bank accounts

✔ Upload missing receipts

✔ Enter any outstanding invoices and bills

✔ Review customer and supplier balances

You can't make good decisions with bad data.

Step 2: Chase The Money You're Owed

Now is the time to improve your cash position before EOFY.

Run a list of unpaid invoices and follow up any outstanding payments.

✔ Send reminders.

✔ Make the phone call.

✔ Ask for payment.

Money sitting in someone else's bank account doesn't help your business.

Step 3: Don't Let The Tax Man Surprise You

This doesn't need to be complicated. Take a few minutes to ask yourself:

✔ Have I put money aside for tax?

✔ Do I have any BAS or ATO obligations coming up?

✔ Am I keeping records of my business income and expenses?

✔ Do I know roughly what profit I've made this year?

✔ Are there any ATO letters, emails or notifications I've been ignoring?

If the answer to any of these is "I'm not really sure", now is the time to spend an hour getting organised.

It's much easier to fix something before EOFY than after it.

Step 4: Review Your Expenses

Look through your business expenses and ask yourself:

• What am I paying for that I no longer use?

• What subscriptions can I cancel?

• What costs increased this year?

• Where can I be more efficient next year?

Sometimes the quickest way to improve profitability isn't making more money. It's spending less of it.

Step 5: Don't Buy Stuff Just For Tax

Every June, business owners start hearing the same advice.

"Buy a new laptop."

"Upgrade your tools."

"Spend money before EOFY."

Let's clear something up.

A tax deduction is not free money.

Only purchase equipment, technology or assets if they genuinely support your business goals and cash flow.

Good business decisions should always come before tax decisions.

Step 6: Check The Scoreboard

EOFY is your annual business health check.

Review:

✔ Income

✔ Expenses

✔ Profit

✔ Cash in the bank

Ask yourself one simple question:

Am I in a better position today than I was 12 months ago?

The answer will tell you a lot.

Step 7: Set Yourself Up For July

The new financial year starts in 10 days too.

Don't wait until July to start thinking about it.

Set:

✔ Goals

✔ Savings targets

✔ Growth

✔ System improvements

✔ One thing you want to do better next year

A clear plan beats a perfect plan every time.

✅Your EOFY 10 Day Checklist

☐ Reconcile bank accounts

☐ Upload receipts

☐ Enter missing invoices and bills

☐ Chase outstanding customer payments

☐ Review any unpaid supplier bills

☐ Check for any outstanding ATO obligations

☐ Make sure you've put money aside for tax

☐ Review subscriptions and business expenses

☐ Review your Profit & Loss & Balance Sheet reports

☐ Set goals for the new financial year

☐ Book time with your bookkeeper or accountant if needed

The Bottom Line

EOFY isn't about scrambling at the last minute.

It's about taking stock, getting organised, and starting the new financial year with clarity, consistency and confidence.

Start with one task today. Future you will thank you for it.