Preparing for the End of Financial Year in Australia
At Webexpenses, we support Australian businesses through the complexities of year-end by helping to streamline and automate financial workflows. From superannuation reporting to tax return preparation, having the right systems in place can make all the difference.
Key financial year end closing dates in Australia
Understanding and planning for the critical deadlines around the 30th June ensures your business remains compliant and avoids last-minute pressure. Key dates include:
- Superannuation contributions: due by 30th June 2025
- Company tax return: due by 28th February 2026
- Individual tax return: due by 31st October 2025Staying on top of these obligations supports accurate reporting and reduces the risk of penalties.
How to manage the end of financial year Australia-wide
Every business faces similar challenges at year-end—tight deadlines, data accuracy and compliance being top priorities. With the right preparation and digital tools, finance teams can handle the close with confidence.
Here are five essentials for managing the end of financial year in Australia:
Close your books accurately
Reconcile all income, expenses and liabilities regularly to make year-end closing more efficient and less time-consuming.
Prepare reports in real time
Use tools like Webexpenses to capture financial data accurately throughout the year. This supports faster, more compliant reporting and provides better visibility into business performance.
Ensure full compliance
Know your obligations under Australian tax law, including BAS lodgement, PAYG summaries and superannuation reporting. Early preparation reduces the risk of missed deadlines.
Forecasting for the new financial year
Closing the books at the end of the financial year is one thing. Forecasting for the financial year is another challenge. Without accurate records and financial statements, it’s impossible to scrutinise your incomings and outgoings. This in turn then makes it challenging to make realistic forecasts for the 12 months ahead.
Look ahead to FY26
Use FY25 data to inform budgeting, planning and forecasting for the next financial year. Year-end is the ideal time to evaluate financial performance and future-proof decision-making.
Invest in connected financial systems
Integrated platforms reduce manual effort, eliminate errors and ensure data flows smoothly between finance tools. Webexpenses connects with all major accounting software to streamline your year-end process.
Why automation matters for financial year end closing
Managing the end of the financial year manually can be time-consuming and error-prone. Webexpenses helps Australian businesses save time and improve accuracy with digital tools for expense management, invoice processing, audits and reimbursements.
Trusted by over 2,500 finance teams, Webexpenses supports compliance, visibility and control during every stage of the financial year.
To learn how Webexpenses can help you prepare for the end of the financial year, book a free demo.