If goods have been received or services performed on or prior to June 30, 2013, the related expense must be recorded in that fiscal year (FY2013) regardless of whether payment has been made for the goods or services.
Note: It does not matter whether you have received the invoice or not. Rather, if you have the product or service, the obligation to pay for the product or service must be recorded (expensed) to the year for which it was received (FY 2013). The amount of the expense or a good faith estimate of the amount to be expensed is to be booked as an accrual charging the old fiscal year. Note: On July 1, 2012, FY 2013 began and likewise on July 1, 2013, FY 2014 begins.