End of Financial Year HR and Payroll Checklist

What’s in the EOFY HR and payroll checklist?

The end of the financial year is just around the corner. Are you prepared?

Pour yourself a coffee, set aside some time in your calendar and get ready – it’s that time of year again.

In this checklist, we’ll cover everything including:

• Finalising payroll
• Employee data
• Disaggregation of Earnings
• ATO settings
• Regulations and compliance
• Company culture and goals
•  General HR and workforce planning

We all know there’s many important administrative tasks to cover when it comes to payroll and HR. Let us help you get organised this EOFY with our complete checklist, designed to help you feel confident as we see out the financial year.

Download the HR and Payroll Checklist now.

Disclaimer: The information in this checklist is current as at 5 May 2025, and has been prepared by Employment Hero Pty Ltd (ABN 11 160 047 709) and its related bodies corporate (Employment Hero). The views expressed in this article are general information only, are provided in good faith to assist employers and their employees, and should not be relied on as professional advice. The Information is based on data supplied by third parties. While such data is believed to be accurate, it has not been independently verified and no warranties are given that it is complete, accurate, up to date or fit for the purpose for which it is required. Employment Hero does not accept responsibility for any inaccuracy in such data and is not liable for any loss or damages arising either directly or indirectly as a result of reliance on, use of or inability to use any information provided in this article.You should undertake your own research and to seek professional advice before making any decisions or relying on the information in this article.

End of Financial Year Explained

Take the stress out of EOFY and set yourself up for success next year.

What is EOFY?

The End of Financial Year (EOFY) is when Australian small businesses wrap up their financial records, lodge tax returns, and prepare for the year ahead.

To streamline EOFY tasks and streamline this time of year, many businesses use payroll software and work with an accountant or tax agent to manage compliance in line with ATO requirements.

Other helpful resources:

• Navigating EOFY in HR and Payroll
• HR Audit Checklist Template
• Employee departure checklist