DARLING DOWNS BOOKKEEPING COMPANY

END-OF-FINANCIAL-YEAR IN TOOWOOMBA

TOOWOOMBA EOFY SERVICES

Wrapping up the financial year involves more than closing the books—it requires reconciliation, payroll finalisation, and clear records ready for your accountant or tax agent. At Darling Downs Bookkeeping Company, we provide end-of-financial-year support to businesses across Toowoomba and surrounding areas. Our services include financial data organisation and document preparation.

Our team starts by reviewing your bookkeeping records. This includes reconciling bank accounts, reviewing transactions and checking for inconsistencies.

We hold a Cert IV in Bookkeeping, are licensed BAS agents, and have provided EOFY services for local businesses since 2002. Our services are available for sole traders, partnerships and small companies across industries.

If you need assistance with your end-of-financial-year preparation in Toowoomba, call 0448 833 550 to speak with our team.

Preparing for Year-End Reporting & Review

Our team works with the figures already in your bookkeeping system to complete the final checks before the financial year ends. This includes finalising payroll for all employees, confirming leave balances and generating payment summaries where needed.

We also reconcile all income and expense accounts, match transactions against statements, and organise records for your accountant or tax agent to review. If outstanding items or discrepancies appear, they are flagged and addressed as part of the process.

EOFY services can be offered on their own or combined with ongoing bookkeeping, BAS or payroll support. Let us know your closing date, and we’ll get to work.

WHAT REPORTS ARE NEEDED AT EOFY

At the end of the financial year, you’ll need to prepare several key reports to get a clear view of your business’s financial position and meet recordkeeping, lodgement and review requirements. These usually include a profit and loss statement to summarise your income and expenses, a balance sheet showing assets and liabilities and payroll summaries for wages, tax and superannuation contributions made during the financial year.

You may also need bank reconciliations, accounts payable and receivable reports, superannuation summaries and any asset or depreciation schedules relevant to your business structure, operations, industry sector or reporting obligations.

These documents must be kept organised and current as part of standard recordkeeping and reporting requirements under ATO regulations, including those relating to year-end financial review and tax preparation processes.