Two deadlines define EOFY for most Australian businesses: 30 June (end of the financial year) and 14 July (when STP finalisation is due to the ATO). For MYOB Acumatica users this year, there's a third: 1 July 2026, when Payday Super takes effect and changes how superannuation payments need to be processed going forward.
This checklist covers the main tasks to work through before and after 30 June, with the MYOB Acumatica workflows and key compliance deadlines you need to know. Start the process in April or May rather than June if you can, particularly if your payroll configuration or inventory records need attention before the close.
Payroll and STP finalisation
Single Touch Payroll (STP) finalisation is the process of formally confirming your employees' year-to-date payroll data to the ATO. In MYOB Acumatica, this happens through the payroll module once your last pay run for the financial year is complete.
The standard STP finalisation deadline is 14 July 2026. This is the date by which the ATO expects all employers to have submitted their finalisation declarations, so employees can lodge their individual tax returns with accurate PAYG figures. Employers with only closely held payees have a longer window, but for most businesses, 14 July is the target. The ATO's STP finalisation guidance covers the full requirements.
Before running finalisation in MYOB Acumatica, confirm all pay runs are posted, any payroll adjustments have been applied, and your year-to-date figures reconcile to your payroll reports. The most common problem at EOFY is a discrepancy between the amounts in MYOB Acumatica and what employees believe they've received. Work through those reconciliations before you submit, not after. If your employees receive reportable fringe benefits (RFB) or reportable employer super contributions (RESC), confirm these are correctly coded in your payroll configuration before finalisation.
Our post on MYOB Acumatica payroll compliance covers the broader payroll obligations and what to review in your system configuration ahead of the new financial year.
Superannuation: the current rate and Payday Super
The superannuation guarantee rate has been 12% since 1 July 2025 and stays at 12% for the 2026-27 financial year. If your payroll configuration was updated correctly when the rate changed last July, no adjustment is needed for the new year. If you're reviewing an older configuration or implementing MYOB Acumatica for the first time ahead of 1 July, confirm the rate is set to 12% before your first pay run of 2026-27. The ATO publishes current super guarantee rates and thresholds if you need to verify.
The more significant change this year is Payday Super. From 1 July 2026, employers are required to pay super contributions within 7 days of paying wages, rather than the current quarterly schedule. The government confirmed the implementation date, and the ATO is the enforcement body. For most businesses currently paying super quarterly, this is a material change to cash flow planning and payroll workflows.
For MYOB Acumatica users, Payday Super means your superannuation processing frequency changes substantially. Talk to your implementation partner or MYOB before 1 July to confirm what configuration changes are required in MYOB Acumatica to support per-pay-cycle super payments and the new STP reporting fields. Don't leave this until late June.
Inventory: stocktake and reconciliation
If your business holds physical inventory, a stocktake is required before 30 June. Your balance sheet needs to reflect the actual value of stock on hand at financial year-end under Australian accounting standards.
In MYOB Acumatica, complete your physical count, enter the results in the inventory adjustment screen, and reconcile inventory valuation against your general ledger. Discrepancies between the inventory module and the GL are common, particularly if adjustments have been posted directly to the GL rather than through inventory. These need to be resolved before you close the financial year.
If your business purchased assets during the year that may qualify for the instant asset write-off, confirm the current threshold and eligibility with your accountant before lodging your tax return. Rules on the write-off threshold have changed in recent years and your accountant will have the current position.
Fixed assets and depreciation
MYOB Acumatica's fixed assets module lets you run depreciation calculations for the financial year before closing. Run your depreciation schedule for the period ending 30 June, review for accuracy, and post the entries. For businesses with multiple depreciation books (such as tax depreciation and book depreciation), confirm both are current before closing the financial year.
Take a system snapshot in MYOB Acumatica before you process year-end journal entries or close the financial year. Snapshots give you a restore point if something goes wrong during the close process. This is standard practice recommended by most MYOB Acumatica implementation partners and takes only a few minutes to set up. If you need a refresher on what's possible with MYOB Acumatica's system configuration tools, the MYOB Acumatica customisation post covers configuration options and when to involve your partner.
Period close and Q4 BAS
Before closing the June period in MYOB Acumatica, confirm all transactions for the period are posted: accounts payable, accounts receivable, payroll, inventory adjustments, and any manual journals. Running aged payables and aged receivables reports at this stage confirms there are no outstanding items that should have been included in the period.
The right close sequence matters. Work through payroll first, then superannuation, then accounts payable and accounts receivable, then inventory and fixed assets, then the general ledger. Closing periods out of order can create reconciliation issues that are time-consuming to untangle.
Q4 BAS (April to June 2026) is due by 28 July 2026 for businesses that self-lodge. If you use a registered tax agent, the deadline is 25 August 2026. MYOB Acumatica's GST reporting pulls directly from posted transactions, so the accuracy of your BAS depends on a clean period close. The ATO provides BAS preparation guidance if you're working through specific questions about what's reportable.
If you're a government supplier working toward the eInvoicing mandate, use this EOFY period to confirm your setup is complete. Our post on MYOB Acumatica eInvoicing covers the Peppol requirements and the compliance timeline for 2026.
"EOFY in MYOB Acumatica doesn't have to be chaotic if you start in April rather than June. The areas that create the most problems are payroll configuration, super payments, and inventory reconciliation. Getting those right before 30 June means the close process itself is straightforward. With Payday Super starting 1 July this year, the payroll preparation piece is more important than usual."
Josh Craig, Director, Auboros
EOFY quick reference checklist
Before 30 June:
- Confirm super guarantee rate is 12% in payroll settings and check Payday Super configuration changes needed from 1 July 2026
- Complete physical stocktake and reconcile inventory module to general ledger
- Run fixed asset depreciation for June period and review for accuracy
- Post all AP, AR, payroll, and inventory transactions for June before closing
- Take a system snapshot before processing year-end journals or closing the financial year
After 30 June:
- Submit STP finalisation declaration by 14 July 2026
- Lodge Q4 BAS by 28 July 2026 (self-lodgers) or 25 August 2026 (registered agent)
- Close June period in MYOB Acumatica after BAS lodgement is confirmed
- Confirm first pay run of 2026-27 applies the Payday Super payment schedule correctly
Frequently asked questions
When is the STP finalisation deadline for 2026?
The standard STP finalisation deadline is 14 July 2026. Employers with only closely held payees have until 30 September 2026. Your accountant or payroll adviser can confirm whether any specific exemptions apply to your situation. The ATO updates its STP guidance regularly, so check directly for any changes to the timeline.
What is Payday Super and when does it start?
Payday Super is a new requirement that employers pay superannuation within 7 days of paying wages, rather than the current quarterly schedule. It starts on 1 July 2026. MYOB Acumatica users will need to adjust their payroll workflows, super payment schedules, and MYOB Acumatica configuration before that date. Talk to your implementation partner well before June.
What is the superannuation guarantee rate for 2026-27?
The super guarantee rate is 12% and has been since 1 July 2025. It stays at 12% for the 2026-27 financial year. The ATO publishes current rates and thresholds if you need to verify what applies to your payroll.
When is Q4 BAS due for the 2025-26 financial year?
Q4 BAS (April to June 2026) is due 28 July 2026 for businesses that self-lodge. If you use a registered tax agent, the deadline is 25 August 2026. Your MYOB Acumatica GST report provides the figures you need, but a clean period close is essential for the numbers to be accurate.
Should I take a snapshot in MYOB Acumatica before closing the financial year?
Yes. A snapshot before year-end processing gives you a restore point if something goes wrong during journal entry posting or period close. It takes a few minutes and is recommended by MYOB and most experienced implementation partners as standard practice. Don't skip it.
Need help preparing MYOB Acumatica for EOFY 2026?
Auboros supports MYOB Acumatica users across Queensland, NSW, and Victoria with EOFY preparation, Payday Super configuration, and system health checks. If you want a second opinion on your EOFY readiness or need help with a specific configuration issue, book a free consultation. We're Brisbane-based and work across Australia.
Two deadlines define EOFY for most Australian businesses: 30 June (end of the financial year) and 14 July (when STP finalisation is due to the ATO). For MYOB Acumatica users this year, there's a third: 1 July 2026, when Payday Super takes effect and changes how superannuation payments need to be processed going forward.
This checklist covers the main tasks to work through before and after 30 June, with the MYOB Acumatica workflows and key compliance deadlines you need to know. Start the process in April or May rather than June if you can, particularly if your payroll configuration or inventory records need attention before the close.
Payroll and STP finalisation
Single Touch Payroll (STP) finalisation is the process of formally confirming your employees' year-to-date payroll data to the ATO. In MYOB Acumatica, this happens through the payroll module once your last pay run for the financial year is complete.
The standard STP finalisation deadline is 14 July 2026. This is the date by which the ATO expects all employers to have submitted their finalisation declarations, so employees can lodge their individual tax returns with accurate PAYG figures. Employers with only closely held payees have a longer window, but for most businesses, 14 July is the target. The ATO's STP finalisation guidance covers the full requirements.
Before running finalisation in MYOB Acumatica, confirm all pay runs are posted, any payroll adjustments have been applied, and your year-to-date figures reconcile to your payroll reports. The most common problem at EOFY is a discrepancy between the amounts in MYOB Acumatica and what employees believe they've received. Work through those reconciliations before you submit, not after. If your employees receive reportable fringe benefits (RFB) or reportable employer super contributions (RESC), confirm these are correctly coded in your payroll configuration before finalisation.
Our post on MYOB Acumatica payroll compliance covers the broader payroll obligations and what to review in your system configuration ahead of the new financial year.
Superannuation: the current rate and Payday Super
The superannuation guarantee rate has been 12% since 1 July 2025 and stays at 12% for the 2026-27 financial year. If your payroll configuration was updated correctly when the rate changed last July, no adjustment is needed for the new year. If you're reviewing an older configuration or implementing MYOB Acumatica for the first time ahead of 1 July, confirm the rate is set to 12% before your first pay run of 2026-27. The ATO publishes current super guarantee rates and thresholds if you need to verify.
The more significant change this year is Payday Super. From 1 July 2026, employers are required to pay super contributions within 7 days of paying wages, rather than the current quarterly schedule. The government confirmed the implementation date, and the ATO is the enforcement body. For most businesses currently paying super quarterly, this is a material change to cash flow planning and payroll workflows.
For MYOB Acumatica users, Payday Super means your superannuation processing frequency changes substantially. Talk to your implementation partner or MYOB before 1 July to confirm what configuration changes are required in MYOB Acumatica to support per-pay-cycle super payments and the new STP reporting fields. Don't leave this until late June.
Inventory: stocktake and reconciliation
If your business holds physical inventory, a stocktake is required before 30 June. Your balance sheet needs to reflect the actual value of stock on hand at financial year-end under Australian accounting standards.
In MYOB Acumatica, complete your physical count, enter the results in the inventory adjustment screen, and reconcile inventory valuation against your general ledger. Discrepancies between the inventory module and the GL are common, particularly if adjustments have been posted directly to the GL rather than through inventory. These need to be resolved before you close the financial year.
If your business purchased assets during the year that may qualify for the instant asset write-off, confirm the current threshold and eligibility with your accountant before lodging your tax return. Rules on the write-off threshold have changed in recent years and your accountant will have the current position.
Fixed assets and depreciation
MYOB Acumatica's fixed assets module lets you run depreciation calculations for the financial year before closing. Run your depreciation schedule for the period ending 30 June, review for accuracy, and post the entries. For businesses with multiple depreciation books (such as tax depreciation and book depreciation), confirm both are current before closing the financial year.
Take a system snapshot in MYOB Acumatica before you process year-end journal entries or close the financial year. Snapshots give you a restore point if something goes wrong during the close process. This is standard practice recommended by most MYOB Acumatica implementation partners and takes only a few minutes to set up. If you need a refresher on what's possible with MYOB Acumatica's system configuration tools, the MYOB Acumatica customisation post covers configuration options and when to involve your partner.
Period close and Q4 BAS
Before closing the June period in MYOB Acumatica, confirm all transactions for the period are posted: accounts payable, accounts receivable, payroll, inventory adjustments, and any manual journals. Running aged payables and aged receivables reports at this stage confirms there are no outstanding items that should have been included in the period.
The right close sequence matters. Work through payroll first, then superannuation, then accounts payable and accounts receivable, then inventory and fixed assets, then the general ledger. Closing periods out of order can create reconciliation issues that are time-consuming to untangle.
Q4 BAS (April to June 2026) is due by 28 July 2026 for businesses that self-lodge. If you use a registered tax agent, the deadline is 25 August 2026. MYOB Acumatica's GST reporting pulls directly from posted transactions, so the accuracy of your BAS depends on a clean period close. The ATO provides BAS preparation guidance if you're working through specific questions about what's reportable.
If you're a government supplier working toward the eInvoicing mandate, use this EOFY period to confirm your setup is complete. Our post on MYOB Acumatica eInvoicing covers the Peppol requirements and the compliance timeline for 2026.
"EOFY in MYOB Acumatica doesn't have to be chaotic if you start in April rather than June. The areas that create the most problems are payroll configuration, super payments, and inventory reconciliation. Getting those right before 30 June means the close process itself is straightforward. With Payday Super starting 1 July this year, the payroll preparation piece is more important than usual."
Josh Craig, Director, Auboros
EOFY quick reference checklist
Before 30 June:
- Confirm super guarantee rate is 12% in payroll settings and check Payday Super configuration changes needed from 1 July 2026
- Complete physical stocktake and reconcile inventory module to general ledger
- Run fixed asset depreciation for June period and review for accuracy
- Post all AP, AR, payroll, and inventory transactions for June before closing
- Take a system snapshot before processing year-end journals or closing the financial year
After 30 June:
- Submit STP finalisation declaration by 14 July 2026
- Lodge Q4 BAS by 28 July 2026 (self-lodgers) or 25 August 2026 (registered agent)
- Close June period in MYOB Acumatica after BAS lodgement is confirmed
- Confirm first pay run of 2026-27 applies the Payday Super payment schedule correctly
Frequently asked questions
When is the STP finalisation deadline for 2026?
The standard STP finalisation deadline is 14 July 2026. Employers with only closely held payees have until 30 September 2026. Your accountant or payroll adviser can confirm whether any specific exemptions apply to your situation. The ATO updates its STP guidance regularly, so check directly for any changes to the timeline.
What is Payday Super and when does it start?
Payday Super is a new requirement that employers pay superannuation within 7 days of paying wages, rather than the current quarterly schedule. It starts on 1 July 2026. MYOB Acumatica users will need to adjust their payroll workflows, super payment schedules, and MYOB Acumatica configuration before that date. Talk to your implementation partner well before June.
What is the superannuation guarantee rate for 2026-27?
The super guarantee rate is 12% and has been since 1 July 2025. It stays at 12% for the 2026-27 financial year. The ATO publishes current rates and thresholds if you need to verify what applies to your payroll.
When is Q4 BAS due for the 2025-26 financial year?
Q4 BAS (April to June 2026) is due 28 July 2026 for businesses that self-lodge. If you use a registered tax agent, the deadline is 25 August 2026. Your MYOB Acumatica GST report provides the figures you need, but a clean period close is essential for the numbers to be accurate.
Should I take a snapshot in MYOB Acumatica before closing the financial year?
Yes. A snapshot before year-end processing gives you a restore point if something goes wrong during journal entry posting or period close. It takes a few minutes and is recommended by MYOB and most experienced implementation partners as standard practice. Don't skip it.
Need help preparing MYOB Acumatica for EOFY 2026?
Auboros supports MYOB Acumatica users across Queensland, NSW, and Victoria with EOFY preparation, Payday Super configuration, and system health checks. If you want a second opinion on your EOFY readiness or need help with a specific configuration issue, book a free consultation. We're Brisbane-based and work across Australia.