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End of year farm expense 2023 or 2024

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  • 29-12-2023 7:17pm
    #1
    Registered Users Posts: 2,477 ✭✭✭


    January to December tax year here.

    Possibly paying for a teleporter over the weekend by cheque.

    Cheque would be dated 31/12/23.

    Obviously money won't then leave account till cheque lodged in new year.

    [[[[[[ Question++++ is this a 2023 expense as thats what's on the cheque, or is it 2024 expense as that's when money leaves my account.??? ]]]]]]]]]

    Presume 2023 as cheque is dated 23.

    Usually do card and bank transfer purchases at year end as they show up instantly on account and statement. Cheque won't show instantly, especially if man does not cash it quick in January.


    Thank you



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