As the end of financial year looms, 31 per cent of SMEs will begin preparing their financial reports at least a month prior to June 30. In the March 2014 MYOB Business Monitor, a further 17 per cent stated that they start their preparations in the weeks prior to June 30, and only 12 per cent reported not starting preparation until two months after the financial year ends. “Preparing for EOFY early means SMEs can start the new financial year ...
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