Claming of expenses

If a business has a pending invoice to be paid from FY20-21 which is paid in FY21-22 before the IT deadline does it still count as an expenditure in FY20-21? @TeamQuicko

hi @d.r

Expenses can be claimed on accrual basis if you are using mercantile system for accounting. If there is an invoice of FY 20-21 for which payment is made in FY 21-22 it can still be counted as an expenditure of FY 20-21.