How Your Service Station Can Cruise Through EOFY

As the end of the financial year (EOFY) approaches, it's the perfect time for all the managers in a petrol station network to tidy up finances and set up for a smoother start to the new financial year.

1. Get on Top of Your BAS and Balance Sheet Make sure all BAS statements are up to date and accurate. It’s also worth reviewing your balance sheet to understand exactly where your business stands heading into Q4—this helps with planning and forecasting.

2. Use Integrated Tools for Simpler Reporting QuickFuel software integrates seamlessly with accounting platforms like Xero and MYOB. These systems connect directly with your QuickFuel POS and Back Office to automatically track transactions and costs year-round, making your EOFY reporting much easier and more accurate. Customer accounts, sales, purchases, and till variances can be exported directly and seamlessly from QuickFuel to Xero or MYOB, taking all the work out of manual data entry into your accounting package. This not only saves time but also reduces the risk of human error.

3. Automate the Admin Payroll, invoicing, and those small-but-critical admin jobs are all easier when your QF Back Office is synced with Xero or MYOB. These integrations with QuickFuel mean fewer manual processes and less room for error.

4. Be Proactive About Compliance EOFY is a great time to ensure your systems are compliant and your staff are across any updates or changes. A little preparation now can save a lot of time and stress later.

With a few smart tools and a bit of planning, your service station can cruise through EOFY and hit the ground running for the year ahead. QuickFuel makes it easier every step of the way.