New Zealand year-end close checklist

Closing the books on 31 March is more than a routine exercise. It’s where operational detail meets tax, IRD expectations, director sign-off and, in some cases, audit review. Deadlines overlap. GST and FBT positions need to align. Income tax estimates depend on numbers that have to stand up under scrutiny. One missed step can delay reporting, create compliance risk or force unnecessary rework.

To help you control your close, we’ve built a practical year-end close checklist based on how New Zealand finance teams actually operate. It keeps the focus on what matters, removes noise and helps you work through the close with clarity rather than guesswork.

Inside, you’ll find:

• Preparation and planning: Clear steps to map 31 March deadlines, assign ownership and align internal cut-offs with GST, FBT and tax timelines.
• Accounts receivable and payable: Practical checks to ensure subledgers match the general ledger, revenue and expenses are recorded in the correct period and accruals are complete.
• Inventory and fixed assets: Straightforward actions to confirm valuations, depreciation and asset records are accurate as at year end.
• Tax and financial reporting: Key tasks to prepare income tax provisions, review GST positions and draft financial statements that meet NZ reporting requirements.
• Final review and sign-off: A structured wrap-up to confirm balances are supported, documentation is complete and directors can sign with confidence.
• Next-year preparation: You’ll also get a short, post-close checklist to review what slowed the close, assess your systems and identify process improvements before the next cycle begins.

Download the New Zealand year-end close checklist and approach 31 March with a plan rather than a scramble.