EOFY for SMEs: 6 Smart Moves to Finish Strong and Start Even Stronger

As the financial year draws to a close, many business owners find themselves racing to finalise reports, chase payments, and meet compliance deadlines. But EOFY isn’t just about ticking boxes—it’s a powerful moment to reflect, reset, and refocus.

Here are six strategic areas every SME should be reviewing—and how a fractional CFO can add real value in each one.

1. Review Performance, Not Just Numbers

Beyond just reviewing your P&L, now’s the time to ask:

• Where did profit really come from?

• Which clients, services, or products drove the most value?

• What lessons are hiding in the numbers?

👉 A fractional CFO provides deeper insights—not just reports. They highlight trends, surface risks, and turn raw data into decision-ready information.

2. Get Tax and Compliance Right

With EOFY comes the need to ensure your financials are accurate and your business is compliant. Are your expenses properly captured? Have you made the most of available deductions?

👉 A fractional CFO works alongside your accountant to ensure you’re not just compliant—but optimised. No scrambling. No missed opportunities.

3. Clean Up the Balance Sheet

Old receivables, unreconciled loans, and messy accounts can mask the true state of your business.

👉 A fractional CFO helps clean it up—ensuring your balance sheet reflects a business that’s fundable, saleable, and set up for growth.

4. Reforecast and Rebudget

The start of a new financial year deserves a plan that’s more than a copy-paste of last year.

👉 A fractional CFO facilitates robust planning sessions, builds realistic forecasts, and helps align your budget with strategic goals—not just survival.

5. Reassess Cash Flow and Capital

EOFY is the perfect time to evaluate cash flow health and future funding needs. Are you prepared for growth, investment, or unexpected slowdowns?

👉 A fractional CFO develops rolling forecasts and identifies funding gaps early—helping you act before it becomes urgent.

6. Set Up for a Strong Start

EOFY is the close of one chapter—and the start of another. Use it to embed new financial rhythms, clearer KPIs, and better systems.

👉 A fractional CFO puts structure around your goals, giving you visibility and control heading into the new year.

Final Word

End-of-financial-year shouldn’t just be about compliance—it’s your opportunity to transform insight into impact.

If you’re navigating EOFY solo or relying on patchwork advice, now’s the time to consider bringing in the clarity and strategy a fractional CFO can offer.

It’s not about working harder—it’s about planning smarter.