Transforming Your End-of-Year Finance Processes

End-of-financial-year (EOFY) finance processes can often feel overwhelming, especially when procedures are unclear, fragmented, or undocumented. 

We’ve heard firsthand from clients that they have struggled with misplaced or outdated EOFY procedures, particularly when key team members leave their organisation. This lack of a centralised, consistent process not only creates stress; it also increases the risk of inefficiencies and costly errors.

Why It Matters

At Lánluas, we provide TechnologyOne support that helps teams unlock the full potential of their TechnologyOne system, enabling meaningful change, reducing risk and delivering real value.

One common challenge we see time and time again? Many finance teams aren’t using the EOFY workflow functionality available in TechnologyOne. Often, they simply don’t know it exists or how to put it into action.

The Quick Win You Didn’t Know You Needed

To make things easier, our financial consultants have developed a step-by-step guide that walks you through TechnologyOne implementation for a centralised EOFY finance workflow using TechnologyOne.

This workflow:

• Helps you track every critical EOFY task in a consistent sequence
• Minimises the risk of missed steps or duplicated efforts
• Ensures knowledge continuity, even when there are staff changes
• Supports external processes, making it a true end-to-end solution.

Bonus – It also includes tips for adapting the same workflow to your end-of-month (EOM) processes, so you can create consistency and efficiency year-round.

What’s Included in the Workflow

Some of the key tasks it covers:

• Copying ledgers to the new year
• Creating budget and forecast ledgers
• Finalising reconciliations and BAS
• Running commitment carry forward
• Taking backups and resetting ledgers
• And much more.

This workflow can also capture external processes outside of the TechnologyOne system, making your EOY finance procedures smooth, robust and reliable.

Implementing this workflow is fast and easy, offering a quick win for significant improvements in your finance team’s operational efficiency.

In just a few simple steps, you and your team can do this, gaining a comprehensive EOY finance workflow that ensures no steps are missed!

Download the Workflow

📥 Get ahead of year- and month-end with our step-by-step guide, designed to help you prepare with confidence. Access the workflow and much more in our guide to unlocking 

TechnologyOne potential for finance teams