Everything You Need to Prepare for EOFYDon’t Panic - Kilimanjaro have got you covered this EOFY
The End of Financial Year is approaching and as we are heading into June, it is time to prepare yourself, your team and your company for this busy period. The earlier you start, the less pressure you will put on yourself. To make this process as painless as possible, we have prepared a couple of articles, valuable checklists and EOFY training courses you don’t want to miss.
EOFY Training Courses
We understand how stressful and busy the EOFY can be for businesses, especially the finance team. This is why Kilimanjaro is running End of Financial Year processing courses for those interested in a stress-free end to the financial year. Our online training courses for MYOB Exo Business, MYOB Exo Payroll and MYOB Advanced People will be available via Training Portal to access anytime between June 1st and July 31st. Click here to see more about the courses.
A good way to manage your financial year processes is to have a checklist prepared so nothing is forgotten. You can prepare one yourself, but we suggest using ours as a starting point.
Visit our Training Portal for your Free EOFY Checklists in MYOB Exo Business, MYOB Exo Payroll, MYOB Advanced Business or MYOB Advanced People now. They will be available from June 1st to August 31st, 2021.
*Free registration is required to access the Kilimanjaro Consulting Training Portal*
EOFY Insightful articles
For some more tips and tricks on how to make your End of Financial Year as smooth as possible, have a look at some of our insightful articles.
The EOFY should be seen as a trigger for business and strategic decisions. Have a look at the simple things you can do in your business to ensure that the next year is your best year yet.
EOFY is often a time where businesses are racing to spend their budgets before June 30. However, businesses should be using this time to analyse and review the past 12 months and plan ahead accordingly. This tactic is a better way not only to finalise the year but also to make plans for the approaching year.
Now is the time to re-charge your bank account so your business has the cash on hand to meet its tax and superannuation obligations. Your uncollected invoices are an immediate source of cash. While your invoices may have been simply collecting dust, there’s good news: a few simple things, enacted now, can generate quick cash flow returns.
Correct budgeting and forecasting can set your company up for the year ahead. However, being a much-maligned process within many organisations, completed budgets are often flawed by errors and therefore, ruin any genuine opportunities for analysis or insight. Find out more about how better budgeting can realign your business with success this EOFY.