What do sole traders need to do before 30 June?
Reconcile income and expenses, chase outstanding invoices, confirm GST registration, back up records, and prepare documents for your accountant. The earlier you start, the simpler the process — and the lower your accounting bill.
Receipts go missing
No system means lost deductions. Gloveboxes, inboxes, and kitchen drawers don't file themselves.
Super gets forgotten
Voluntary contributions must be paid before 30 June to claim this financial year.
Invoices not reconciled
Outstanding amounts skew your income figures. Chase them now — before your accountant asks.
The 2026 EOFY readiness checklist
Stay organised. Maximise deductions. Be EOFY ready.
1. Income & invoicing :-
Reconcile all bank transactions against income and expense records
Review all income received — bank transfers, PayID, cash and platform payments
Check for income not yet invoiced for work completed before 30 June
Review all outstanding invoices and identify overdue payments
Chase overdue payments where appropriate before 30 June
2. Expenses & receipts :-
Review all business expenses and confirm they relate to income-producing activities
Capture any missing receipts, including digital copies of invoices or bank statements
Separate business and personal spending where accounts are shared
Review subscriptions, digital tools and software costs for the year
3. Vehicle & travel :-
Review motor vehicle records, logbook entries and kilometre logs
Confirm logbook is current or check with your accountant on which method to use
Review home office records and usage for the year
4. Tax & compliance :-
Confirm whether your business is registered for GST, or whether it should be
Review all BAS lodgements for the year and check for errors or omissions
Check for any outstanding ATO debt or payment plans that need attention
5. Administration :-
Back up all records and documents
Download platform statements from Stripe, Square, Shopify, Uber, Airtasker, PayPal, eBay
Book time with your accountant or BAS agent early — do not leave it to late July
How Sole handles most of this automatically
Receipts captured
Scan receipts in-app, auto-categorised by expense type. No more gloveboxes.
Super gets forgotten
Super contribution tracker built in. Know your position before June 30.
Invoices reconciled
Bank matching and income reconciled in real time. Not once a quarter.
KMs logged
Mileage tracking built in. Logbook entries from your phone, as you travel.
Download the full EOFY guide — free
PDF · 2025–26 financial year · soleapp.com.au
Frequently asked questions
Common questions
Is the EOFY checklist for sole traders free?
Yes. Both the sole trader guide and the accounting firm ebook are free to download. No email required.
Is this tax advice?
No. Both guides contain general information only. Tax treatment depends on your structure, circumstances and industry. Speak with a registered tax agent or accountant before making decisions or lodging.
When is the EOFY deadline?
30 June 2026 is the end of the 2025–26 financial year. Most small businesses should have records prepared and accountant briefed well before this date. Tax return lodgement deadlines vary — your registered tax agent can advise.
What is Sole App?
Sole is an Australian-made accounting app built for sole traders and small businesses. $14.99/month or $149.99/year. All features included — invoicing, BAS-ready GST tracking, receipt scanning, mileage, super tracking and bank feeds. 30-day free trial, no credit card required.
Do I have to pay voluntary super before 30 June?
If you want to claim a personal super contribution as a deduction this financial year, the fund generally needs to receive it before 30 June. Check timing with your fund and your accountant, as processing can take a few business days.