In episode 76, we provide a comprehensive end of financial year (EOFY) checklist for small businesses. As the EOFY approaches, business owners may feel overwhelmed with tasks like wrapping up books, implementing last-minute improvements, and managing seasonal cash flows. This episode reframes EOFY as an opportunity to evaluate financial numbers and make smarter decisions. Key areas of focus include the meanings and differences between operating profits, net income, as well as practical advice for preparing financial records, invoices, and payroll. The episode emphasizes that understanding and leveraging financial data is crucial for business success, transforming EOFY from a stressful time into a strategic checkpoint.

00:00 Introduction: End of Financial Year Checklist

01:57 Understanding Key Financial Figures

05:57 Preparing for the End of Financial Year

08:32 Taking Action: Reviewing and Realigning

10:28 Final Thoughts: Embrace the Financial Year-End

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We will continue to cover topics that matter most to you - from unlocking profit opportunities to simplifying financial processes.

If you are listening to this podcast, chances are you are already on your way to exploring your numbers with a desire to understand and master your business finances, realising the transformative power that numbers hold for your business success.

To help you on your journey of building a thriving business with healthy cash flow, I’ve published a podcast series (Episodes 1-8) to highlight the biggest mistakes that prevent businesses from succeeding. To assist you in maintaining a healthy cash flow in your business, I walk you through The 7 Deadly Cash Flow Sins and give you tips and strategies on how to overcome them.

You can grab a free copy of my e-book ‘The Seven Deadly Cash Flow Sins’ right here, right now.

Is your business making money but your bank account doesn’t show it? Use this FREE 7-Point ‘Plug the Profit Leaks’ Checklist to fix the gaps, take back control and start paying yourself with confidence.

Download our SMART GOAL SETTING guide which will help you achieve your business dreams in 2025!

STOP wasting money and start using this simple tool to track and cut unnecessary business expenses. Download our Subscription Tracker Template which will help you take control of your expenses, eliminate waste and keep money in your business!

Complete our FREE ‘Business Health Check’ form to give you insights into where you’re strong or weak in your business, where there are opportunities to improve, how your business is performing in terms of profitability, cash and time.

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If you’d like to find out more about Julianna and her business, visit www.horizonaccounts.com.au or follow her on LinkedIn and Instagram @horizonaccounts or book a free 30 minute Business Diagnostic Review Call.

Stay tuned for the next episode of Prosperity of the Horizon, the podcast that transforms businesses through the power of numbers and the story behind them.