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Home > End of Financial Year!

End of Financial Year!

June 29th, 2009 at 10:50 pm

Like Kitty has posted also, it is the end of the financial year for us ol' aussies.

For most, this means waiting for our employers to give us group certificates, getting ready for tax (though most people leave it until October) and maybe taking advantage of the stocktake sales. Some people might have to do an hour or so of counting stock for their work.

Me, however, and anyone else that does any type of work to do with finances, has a lot on their plate during this time.

This week at work I have to:
Calculate employees total yearly earnings, tax etc and send out individual group certificates.
Total the jobs and income for the year, and for the quarter.
Print a quarterly statement from our financial software, and prepare a backup disc for the year to give to the accountant.
Send the total wages information to the tax office.
Send an estimate of next years wages to Work Cover.
Reconcile Junes Bank statements.
Prepare the last quarters business activity statement.
Make an appointment with the accountant.
Total the last quarters superannuation payments and mail.
Prepare everything for the next financial year (starts tomorrow!).

So, in the next two days I have to do all that, plus my normal workload.

But, I am still young and foolish enough to get excited about the EOFY, because tax refunds and bonza sales. Big Grin I am sure it will wear off in a few years.

My dad once didn't do his taxes for ten years!

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