Closing your financial year in MYOB Acumatica involves more than ticking boxes. Done properly, it gives you clean books, accurate reports and a clear starting point for FY27. This session walks MYOB Acumatica users through the full EOFY process, step by step, so your team can close with confidence before 30 June.
If you attended the live session, use this page as your go-to reference. If you missed it, the full recording is available above.
Watch the Webinar Recording
About This Session
This session was part of our Unlock the Power of Your MYOB Acumatica webinar series, which focuses on practical ways to get more value from your MYOB Acumatica system.
Rather than covering theory, this webinar focused on what MYOB Acumatica users need to do right now to close their financial year correctly. Our consultants walked through each stage of the year-end process inside MYOB Acumatica, from creating the EOFY system snapshot through to closing modules, finalising payroll and running final financial reports.
The session also covered Payday Super 2026, what is changing on 1 July and what to check in your setup before the new financial year begins.
What This Session Covers
- The full six-step EOFY process in MYOB Acumatica: Prepare, Finalise Payroll, Reconcile, Set Up New Year, Close Modules and Run Final Reports
- How to schedule a system lockout and create your EOFY snapshot
- Verifying company ABN, employee data and pay item liabilities before finalising payroll
- Reportable Fringe Benefits and how to process them before year end
- Reviewing payroll reports including Pay GL Batch Detail, Superannuation and Government Reports
- How to complete STP Finalisation and submit to the ATO
- Reconciling bank accounts, Accounts Payable and Accounts Receivable
- Closing modules in the correct sequence: Banking, Inventory, Receivables, Payables, Fixed Assets, Tax and Finance
- Running your final Profit and Loss, Balance Sheet and Cash Flow reports
- Tips and tricks for a clean close: locking periods, validating balances, automating entries and communicating cut-off dates
- Payday Super 2026: what the new same-day super rule means for your year-end reconciliation
- A preview of what is new in MYOB Acumatica 2025.2, including Modern UI, AI Functions and AI Studio
Is This Session Relevant to You?
This webinar is worth watching if you are:
- A current MYOB Acumatica user who needs to close your financial year before 30 June
- A finance manager or business owner responsible for year-end reporting and reconciliation
- A payroll manager preparing for STP Finalisation and the Payday Super changes starting 1 July 2026
- Someone who wants to understand the correct module close sequence in MYOB Acumatica
- Unsure about what to check in your system before the end of the financial year
Get the Presentation Slides and Support
Want the full session slides to share with your team? Get in touch and we will send them through. Our team works with MYOB Acumatica clients across WA and Australia and can also review your year-end setup, payroll configuration and readiness for Payday Super before 30 June.
Helpful Resources
The following resources were referenced during the session and are worth keeping on hand as you work through your EOFY close.
MYOB: End of financial year procedures
Step-by-step EOFY payroll procedures for MYOB Acumatica users, including STP Finalisation and Payday Super setup.
https://enterprisesupport.myob.com/knowledge/end-of-financial-year-procedures-au
MYOB: The EOFY playbook for mid-sized Australian businesses
A CFO-level checklist covering reconciliation, STP, Payday Super, depreciation and key dates for EOFY 2026.
https://www.myob.com/au/insight/post/the-eofy-playbook-for-mid-sized-australian-businesses
AlphaBiz: Getting Ready for Payday Super with MYOB Acumatica
Our previous session covering the full Payday Super workflow inside MYOB Acumatica, including a live system demonstration and compliance checklist.
https://alphabiz.com.au/getting-ready-for-payday-super-with-myob-acumatica/
