12/4/2023 0 Comments Acoounting term for prepaid orders![]() If the goods are received or the service provided AFTER June 30th, the expense should be encumbered. ![]() If the goods have been received or the service completed as of June 30th, and the invoice will not be processed until the next fiscal year, the expense must be accrued (if over $10,000) on an Auxiliary Voucher (AVAE) document.
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