End of Financial Year Tip 5

Next Financial Year Budget Have you thought about doing a budget for next financial year? That way you not only have goals to achieve, but you can focus on where you want the business to grow.

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End of Financial Year - Tip 4

Do you have inventory/stock in your business? If so, allocate a day/time to perform a physical stocktake prior to 30 June. This will confirm quantities and values, and anything that is obsolete.

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End of Financial Year Tip 3

Annual payment summaries to employees need to be given to staff by 14th July 2019. Ensure you reconcile payroll prior to printing and ensure your payroll contact details for employees are up to date. June 2019 quarter Business Activity Statements are due 28 July 2019 if you don’t lodge via a registered BAS or Tax agent.

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Biome is different because they delve into the complete story of a product and its impacts. Not only does this give you peace of mind that the product is safe, but you also get to know the people and motivation behind our products. We cannot rely upon government regulation to keep us safe. There are many cases of toxins being allowed on the market that have since been proven to cause terrible harm. They consult expert and world-leading environmental and toxicity sources to go far beyond what government regulations allow. Sometimes the most sustainable choice is not straight-forward, but we demand that manufacturers tell the whole truth so that you can make an informed decision.

End of Financial Year Tip 2

Bank Reconciliation Ensure your bank and credit card accounts are reconciled. This not only gives you a good idea of your cash position, but also ensures all items are accounted for. Petty Cash should also be reconciled.

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