EOFY Is Broken.
Here’s How Grantus Uses It to Your Advantage
Every year, I find myself in the same situation.
It’s mid-June, and I’m weighing up:
Do I invoice that last client now, and pay tax on it for this financial year?
Or do I hold off and instead pay out every pending bill, insurance, or expense before June 30?
Take my business insurance, for example. It’s due mid-July.
But every year, I ask if I can pay it early, before the EOFY cut-off.
Why? Because like many of us, I’ve been trained to treat EOFY as a financial finish line: spend now, save tax, tick the box.
It’s counterintuitive to pay bills and delay income.
Is it really achieving anything? Or am I just playing into a system that wasn’t designed for us?
The EOFY Illusion
Let’s face it, the financial year isn’t a natural law.
It was invented for tax and accounting convenience, not for smarter decision-making.
But every June, organisations across Australia scramble to spend what’s left in the budget.
If you don’t use it, you risk losing it next year.
So thoughtful planning gets sidelined in favour of rushed procurement, urgent approvals, and “use it or lose it” spending.
Efficiency gets penalised.
Strategy takes a back seat.
And worst of all, we convince ourselves this is just how things work.
So This Year, I’m Flipping the Script
I’m still a sucker for the system, but I’m using that realisation to my advantage. If I’m prepaying to manage EOFY, surely others are too.
So I’ve invited current and future clients (yes, you 🫵), to prepay for Grantus services now, even if we deliver them in the next financial year.
I even had a client ask to prepay three years of our grant subscription service up front!
EOFY can be an opportunity to plan smarter and build stronger foundations, and not just rush to tick boxes.
Think different. Challenge norms. Stand out.
If EOFY is just a system, what’s one rule or routine your organisation follows each year that deserves a rethink? Could flipping the script unlock new value?
Simon Coutts
Simon is the Director and Founder of Grantus, a trusted advisor in strategic funding, complex problem solving, and stakeholder management, driving growth and public benefit for organisations dedicated to making a lasting impact. Book a ‘Borrow My Brain‘ session with Simon.
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