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Make The Best of the End of Financial Year (EOFY) – By Rohan and Gita Hettiaratchi Source: Brisbane Sri Lankan Newsletter – Dæhæna – June 2022 For Businesses EOFY prompts us to tidy our financial affairs of the old year and plan for a prosperous new financial year. EOFY can be a demanding time. But it doesn’t have to be stressful. Prioritising time to plan is the key to seamlessly moving from one year to the next. Here are five things to consider. Up to date and accurate accounting records are a must for business success Good financial records encourage potential partnerships and good business decisions. For example, an investment loan application accompanied by up to date and complete financials will increase a business’s chances of getting the funds. Reviewing your numbers can help identify opportunities to improve profits Focus on spending to grow. Invest in equipment and other items ...